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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $140.31
- 3 Days on Market
- MLS # : 14495818
- Updated Date : 01/08/2021 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,960 sqft
- Baths : 2 full
Listing Agent
Fort Worth Property Group
Listing Agent's Description
Wonderfully maintained home, almost like new, sitting on a large corner lot in quiet neighborhood, close to schools and shopping. Well built and it shows with crown molding, granite countertops and stainless steel appliances. The main living room is open to the kitchen and casual dining area with breakfast bar. Wall of windows along the back provides natural light all day. Spacious master bedroom with vaulted ceilings and en suite bath, including garden tub, separate shower, dual sinks and walk in closet. Large covered back patio perfect for entertaining. Spacious yard completely fenced in for privacy and pets. Attached please find 360 Virtual Tour to preview this property in it's entirety.
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: Bellaire Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bellaire Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$547 | |
| Property Insurance | -$140 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$129
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$275,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
7
YEARS SAVED
$23,046
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,862
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
2808 Silver Sage Drive Denton, TX 4
- 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,870
- $0.95
-
2409 Fall Leaf Court Denton, TX 1
- 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2015
LEASED 01/12/20- Rent
- Rent Per SQFT
- $1,800
- $0.92
-
2420 Summer Trail Drive Denton, TX 2
- 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 2016
LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,850
- $0.96
-
901 Summer Oaks Drive Denton, TX 3
- 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,961 Sqft ∙ Built 2015
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,850
- $0.94
-
808 Oak Valley Denton, TX 5
- 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,927 Sqft ∙ Built 2016
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.98
PROPERTY LISTING DETAILS
Fort Worth Property Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14495818
Last Updated: 01/08/2021
