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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $208.60
- 3 Days on Market
- MLS # : 14514023
- Updated Date : 02/19/2021 at 16:06
CONSTRUCTION
- Beds : 4
- Floor Size : 3,116 sqft
- Baths : 3 full
Listing Agent
Fathom Realty, Llc
Listing Agent's Description
GOING LIVE ON FEB 19TH WITH SHOWINGS FROM 3-6PM AND FEB 20TH 1-5PM ONLY! Updated home in sought after Double Oak is ready for you to move in and live your best life. A corner lot, NO HOA, LOW taxes, gorgeous privacy fencing with sliding gate and diving pool with 2 covered patios. Inside offers Sunroom, all updated baths, renovated kitchen with granite, SS appliances including double ovens. Beautiful rich wood beams and many windows offer natural light and views of your backyard retreat. Seller added large outbuilding with two car garage, work area, boat or RV parking and separate space for office, gym or make it an apartment for additional living space. The home is ready for you to make your very own!
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Zip Code: 75077
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75077
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,100 |
| EXPENSES | Loan Payment | -$2,258 |
| Property Tax | -$1,009 | |
| Property Insurance | -$207 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$473
|
||
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.
$650,000
PROJECTED PRICE
$3,100
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.7% |
| 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
$178,000
LOAN DETAILS
$2,258
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
1.42
YEARS SAVED
$5,062
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,100
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$3,469
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
270 Double Oaks Drive Double Oak, TX 2
- 4 beds 3 baths ∙ 3,116 Sqft ∙ Built 1982 4 beds 3 baths ∙ 3,116 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $3,100
- $0.99
-
5109 Par Drive Flower Mound, TX 1
- 4 beds 3 baths ∙ 2,985 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,985 Sqft ∙ Built 1999
LEASED 04/20/20- Rent
- Rent Per SQFT
- $3,100
- $1.04
-
4012 Beacon Street Flower Mound, TX 3
- 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 1999
LEASED 10/10/20- Rent
- Rent Per SQFT
- $3,250
- $1.06
-
4124 Mustang Trail Flower Mound, TX 4
- 4 beds 3 baths ∙ 3,113 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,113 Sqft ∙ Built 1997
LEASED 11/10/20- Rent
- Rent Per SQFT
- $3,850
- $1.24
PROPERTY LISTING DETAILS
Fathom Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514023
Last Updated: 02/19/2021
