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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $118.29
- 3 Days on Market
- MLS # : 14492878
- Updated Date : 01/08/2021 at 03:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,958 sqft
- Baths : 3 full , 1 half
Listing Agent
Fathom Realty Llc
Listing Agent's Description
This STUNNING Home is a MUST SEE! Features 4 Bedroom, 3.1 Bath, 2 Living, 2 Dining, Covered Front Porch & Back Patio. Main suite located on first floor with walk in closet, double sinks, Jetted tub & separate shower. Another suite located upstairs, perfect for extended family! Oversized Kitchen with Butler Pantry, Stainless Steel Appliances. Property comes with a Transferable Home Warranty Policy good thru August 2025. You will not want to miss out on this Gorgeous home!
SEE MORE
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
- Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
- Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
- Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
- Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Heritage Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heritage Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,330 |
| EXPENSES | Loan Payment | -$1,215 |
| Property Tax | -$829 | |
| Property Insurance | -$198 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$12
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$349,900
PROJECTED PRICE
$2,330
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,215
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
3.92
YEARS SAVED
$13,138
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,330
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,300
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
2606 Elliott Avenue Mansfield, TX 4
- 4 beds 4 baths ∙ 2,958 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,958 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,330
- $0.79
-
9101 Rainland Drive Arlington, TX 1
- 4 beds 3 baths ∙ 2,875 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,875 Sqft ∙ Built 2008
LEASED 02/24/20- Rent
- Rent Per SQFT
- $2,125
- $0.74
-
607 Cunningham Drive Arlington, TX 2
- 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 2006
LEASED 05/13/20- Rent
- Rent Per SQFT
- $2,190
- $0.77
-
9206 Water Oak Drive Arlington, TX 3
- 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,837 Sqft ∙ Built 2006
LEASED 11/05/20- Rent
- Rent Per SQFT
- $2,195
- $0.77
-
2613 Morgan Ann Avenue Mansfield, TX 5
- 4 beds 3 baths ∙ 3,066 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,066 Sqft ∙ Built 2001
LEASED 08/04/20- Rent
- Rent Per SQFT
- $2,550
- $0.83
PROPERTY LISTING DETAILS
Fathom Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492878
Last Updated: 01/08/2021
