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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $174.94
- 3 Days on Market
- MLS # : 14474672
- Updated Date : 11/21/2020 at 21:24
CONSTRUCTION
- Beds : 3
- Floor Size : 3,001 sqft
- Baths : 3 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
Prosper ISD - 70' Lot - $70k+ UPGRADES! Beautiful Darling-built 1.5-story home with all bedrooms downstairs. 2 Offices! Hardwood Floors. New Carpet. Chef's Kitchen: Granite, Painted Cabinets, Undercabinet Lighting & Sliders, Double Convection Oven, Island & Walk-In Pantry. Family Room Corner Fireplace. Spa-like Primary Bath: heat lamp & frameless shower with body sprays. 2 other bdrms downstairs have ensuite baths. Curved stairway leads to Gamerm, half bath & walk-in attic. Covered patio with gas stub. Security Cameras. Holiday Lighting Wiring Pkg. 16-seer AC, Tankless Water Heater & Radiant Barrier. Traexx System. Ring Doorbell & Nest Thermostat. Neighborhood amenity center, pool & trails. NO MUD OR PID TAX!
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: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,580 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$1,026 | |
| Property Insurance | -$201 | |
| HOA | -$217 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$899
|
||
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.
$525,000
PROJECTED PRICE
$2,580
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.0% |
| 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
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
-0.08
YEARS SAVED
-$9
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,580
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,798
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
2880 Hyde Court Prosper, TX 2
- 3 beds 4 baths ∙ 3,001 Sqft ∙ Built 2018 3 beds 4 baths ∙ 3,001 Sqft ∙ Built 2018
![property image]()
- Rent
- Rent Per SQFT
- $2,580
- $0.86
-
1313 Solana Drive Mckinney, TX 1
- 4 beds 4 baths ∙ 2,785 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,785 Sqft ∙ Built 2016
![property image]()
LEASED 08/21/20- Rent
- Rent Per SQFT
- $2,495
- $0.90
-
11521 Annabelle Drive Mckinney, TX 3
- 4 beds 3 baths ∙ 3,078 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,078 Sqft ∙ Built 2016
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,695
- $0.88
-
131 Springbrook Drive Prosper, TX 4
- 3 beds 4 baths ∙ 3,085 Sqft ∙ Built 2014 3 beds 4 baths ∙ 3,085 Sqft ∙ Built 2014
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $3,000
- $0.97
-
440 Marbella Drive Prosper, TX 5
- 4 beds 4 baths ∙ 3,065 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,065 Sqft ∙ Built 2016
![property image]()
LEASED 09/18/20- Rent
- Rent Per SQFT
- $3,000
- $0.98
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474672
Last Updated: 11/21/2020
