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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $150.52
- 5 Days on Market
- MLS # : 14489244
- Updated Date : 12/23/2020 at 13:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,654 sqft
- Baths : 4 full , 1 half
Listing Agent
Fathom Realty, Llc
Listing Agent's Description
Welcome to this brand new home in the Ridge of Northlake located in the award winning Argyle ISD! This home has not been lived in and is ready for a quick close! As you step inside, you will immediately be greeted with a sweeping staircase and bright home office. The main living areas of this gorgeous home are open and dramatic with 2 story windows and natural light! Beautiful flooring, a chef's dream kitchen, a second office off the large laundry room are just a few of the amazing features. This home has 5 bedrooms, 4.5 full baths, game room and media room...plenty of space for a large family to live and entertain. Situated on a large corner lot, there is room to play or build a pool. This home is a must see!
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 76226
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76226
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,230 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$1,094 | |
| Property Insurance | -$238 | |
| HOA | -$117 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$653
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$550,000
PROJECTED PRICE
$4,230
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.6% |
| Maintenance Year (1-5) | 3.00% |
| 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
$147,750
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
11.25
YEARS SAVED
$112,125
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,230
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$4,129
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
2720 Bedford Road Argyle, TX 2
- 5 beds 5 baths ∙ 3,654 Sqft ∙ Built 2020 5 beds 5 baths ∙ 3,654 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $4,230
- $1.16
-
720 Sunflower Avenue Argyle, TX 1
- 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 2019
![property image]()
LEASED 05/19/20- Rent
- Rent Per SQFT
- $3,750
- $1.13
PROPERTY LISTING DETAILS
Fathom Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14489244
Last Updated: 12/23/2020
