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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $168.56
- 6 Days on Market
- MLS # : 14510768
- Updated Date : 02/02/2021 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,381 sqft
- Baths : 4 full , 1 half
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Gorgeous Full of Upgrades built by American Legends located in The Tribute Community! Gleaming Hardwood Floors cover most of the home's rooms. Plantation Shutters in front rooms & electric shades in back. Flexible floorplan with study, guest suite & master suite down. Grand living space with upgraded kit cabinetry package. Center island offers additional seating. Dining space over looks backyard with windows surrounding space. Upstairs enjoy gameroom space, media room & 2 bdrms (1 with private bath & 1 with shared bath). Enjoy your outdoors under your covered patio and enjoy some play in the backyard! Enjoy all the amenities of living on Lake Lewisville & The Tribute Community! See agent for list of Upgrades.
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 | $3,310 |
| EXPENSES | Loan Payment | -$1,979 |
| Property Tax | -$1,090 | |
| Property Insurance | -$223 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$181
|
||
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.
$569,900
PROJECTED PRICE
$3,310
PROJECTED RENT
0.58%
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
$156,774
LOAN DETAILS
$1,979
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $142,475 |
| Loan Amount | $427,425 |
2.75
YEARS SAVED
$13,028
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,310
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$3,339
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
2833 London The Colony, TX 2
- 4 beds 5 baths ∙ 3,381 Sqft ∙ Built 2018 4 beds 5 baths ∙ 3,381 Sqft ∙ Built 2018
![property image]()
- Rent
- Rent Per SQFT
- $3,310
- $0.98
-
2832 London The Colony, TX 1
- 4 beds 4 baths ∙ 3,337 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,337 Sqft ∙ Built 2018
![property image]()
LEASED 03/28/20- Rent
- Rent Per SQFT
- $3,300
- $0.99
-
8236 Lindsay Gardens The Colony, TX 3
- 4 beds 4 baths ∙ 3,381 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,381 Sqft ∙ Built 2013
![property image]()
LEASED 06/29/20- Rent
- Rent Per SQFT
- $3,350
- $0.99
-
2940 Broughton The Colony, TX 4
- 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 2017
![property image]()
LEASED 10/26/20- Rent
- Rent Per SQFT
- $3,395
- $0.98
-
8336 Richmond The Colony, TX 5
- 4 beds 5 baths ∙ 3,518 Sqft ∙ Built 2017 4 beds 5 baths ∙ 3,518 Sqft ∙ Built 2017
![property image]()
LEASED 07/02/20- Rent
- Rent Per SQFT
- $3,499
- $0.99
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14510768
Last Updated: 02/02/2021
