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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $124.28
- 6 Days on Market
- MLS # : 14483220
- Updated Date : 12/09/2020 at 15:10
CONSTRUCTION
- Beds : 5
- Floor Size : 4,345 sqft
- Baths : 4 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Beautiful, like new, home on half acre lot! This one-owner residence has been lived in for less than a year and still under warranty! Details include wood flooring in main living areas downstairs, plus upgraded tile and carpet. Kitchen has quartz counters, butlers pantry, and SS appliances. Master, secondary suite, and a powder bath for guests on first floor. Master bath features dual sinks, garden tub, and standup shower w. subway tile. Upstairs you will find 3 additional bedrooms and 2 bath, one w. dual sinks. Space for entertaining friends and family in the media room w.surround sound wiring, and game room! Backyard features covered patio,and 6 newly planted fruit trees. Sought after top rated Sunnyvale ISD!
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
Neighborhood: Sunnyvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunnyvale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,250 |
| EXPENSES | Loan Payment | -$1,992 |
| Property Tax | -$1,165 | |
| Property Insurance | -$278 | |
| HOA | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$343
|
||
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.
$540,000
PROJECTED PRICE
$3,250
PROJECTED RENT
0.60%
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
$148,850
LOAN DETAILS
$1,992
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $135,000 |
| Loan Amount | $405,000 |
1.5
YEARS SAVED
$5,802
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,250
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$3,498
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
290 Morning Fog Lane Sunnyvale, TX 1
- 5 beds 5 baths ∙ 4,345 Sqft ∙ Built 2018 5 beds 5 baths ∙ 4,345 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $3,250
- $0.75
-
381 Vista Park Drive Sunnyvale, TX 2
- 5 beds 5 baths ∙ 4,547 Sqft ∙ Built 2007 5 beds 5 baths ∙ 4,547 Sqft ∙ Built 2007
LEASED 06/18/19- Rent
- Rent Per SQFT
- $3,500
- $0.77
-
304 Highpoint Sunnyvale, TX 3
- 4 beds 4 baths ∙ 4,489 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,489 Sqft ∙ Built 2007
LEASED 09/16/20- Rent
- Rent Per SQFT
- $3,775
- $0.84
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483220
Last Updated: 12/09/2020
