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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $211.15
- 4 Days on Market
- MLS # : 14479055
- Updated Date : 12/03/2020 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,439 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
This stunning Darling built home, located within the highly desirable, award winning community of The Tribute. The beautiful foyer welcomes in you with hand-scraped hardwoods, beautiful archways and plenty of natural light! Enjoy cooking in an open-concept kitchen which overlooks the living room, feaTuring all stainless steel appliances, lush quartz counter tops & large breakfast bar. Unwind in your master suite with his and her sinks, tub. Master suite features access to the utility room that has an additional sink. The large backyard features outdoor living area that is perfect for hosting or relaxing!
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
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 | $2,640 |
| EXPENSES | Loan Payment | -$1,900 |
| Property Tax | -$985 | |
| Property Insurance | -$168 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$612
|
||
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.
$515,000
PROJECTED PRICE
$2,640
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
$142,225
LOAN DETAILS
$1,900
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $128,750 |
| Loan Amount | $386,250 |
0.33
YEARS SAVED
$367
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,640
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$2,677
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
2836 Braemar The Colony, TX 3
- 3 beds 3 baths ∙ 2,439 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,439 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,640
- $1.08
-
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
-
8328 Richmond The Colony, TX 2
- 3 beds 3 baths ∙ 2,257 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,257 Sqft ∙ Built 2017
LEASED 08/01/19- Rent
- Rent Per SQFT
- $2,490
- $1.10
-
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
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479055
Last Updated: 12/03/2020
