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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $206.71
- 5 Days on Market
- MLS # : 14511685
- Updated Date : 02/04/2021 at 16:10
CONSTRUCTION
- Beds : 3
- Floor Size : 2,443 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathawayhs Worldwide
Listing Agent's Description
**Multiple Offers - Please submit final offers by 8pm, Friday, February 5th.** Beautiful One Story Home just a short walking distance from The Waterford Point private club house featuring an infinity pool and private gym overlooking Lake Lewisville. This home is ready to move in and ready to entertain. Open concept with two living rooms each featuring a fireplace, a gourmet kitchen with plenty of cabinets, double ovens, large island and gas stove top. Large private master with spacious master bath and closet. Guest bedrooms are down the hall and private to the rest of the home. Oversized patio is ready to create your own outdoor living space.
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: 75056
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75056
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,570 |
| EXPENSES | Loan Payment | -$1,754 |
| Property Tax | -$966 | |
| Property Insurance | -$168 | |
| HOA | -$170 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$588
|
||
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.
$505,000
PROJECTED PRICE
$2,570
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.8% |
| 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
$139,575
LOAN DETAILS
$1,754
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $126,250 |
| Loan Amount | $378,750 |
0.25
YEARS SAVED
$170
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,570
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$2,620
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
2717 Waterford The Colony, TX 3
- 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,443 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,570
- $1.05
-
5169 Rolling Hills Drive Frisco, TX 1
- 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2007
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,350
- $1.11
-
11415 Aquilla Drive Frisco, TX 2
- 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2016
LEASED 08/08/20- Rent
- Rent Per SQFT
- $2,569
- $1.00
-
3216 Stonefield The Colony, TX 4
- 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,660 Sqft ∙ Built 2014
LEASED 04/06/20- Rent
- Rent Per SQFT
- $2,920
- $1.10
-
8260 Paisley The Colony, TX 5
- 4 beds 4 baths ∙ 2,772 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,772 Sqft ∙ Built 2008
LEASED 05/14/20- Rent
- Rent Per SQFT
- $3,000
- $1.08
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Worldwide
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14511685
Last Updated: 02/04/2021
