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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $150.16
- 6 Days on Market
- MLS # : 14489493
- Updated Date : 12/27/2020 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,564 sqft
- Baths : 2 full
Listing Agent
Your Home Free Llc
Listing Agent's Description
Immaculately maintained 1.5-story in terrific Highland Village location with beautiful brick elevation! Inside you will find 3 bedrooms, 2 full baths, formal dining area, executive study with French doors, upstairs game room, and 2-car garage! Upgrades and amenities throughout include gorgeous hardwood flooring, vaulted ceilings, decorative lighting fixtures, extensive crown molding, new downstairs AC unit 2017, new water heater 2018, and MORE! Gourmet kitchen boasts an abundance of cabinetry and counter space, gas cooktop, double ovens, and cozy nook. Private master suite offers his and hers sinks, jetted tub with separate shower, and walk-in closet. Expansive backyard patio space is great for entertaining!
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
Zip Code: 75077
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75077
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,340 |
| EXPENSES | Loan Payment | -$1,420 |
| Property Tax | -$705 | |
| Property Insurance | -$175 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$101
|
||
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.
$385,000
PROJECTED PRICE
$2,340
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.7% |
| 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
$107,775
LOAN DETAILS
$1,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
3.42
YEARS SAVED
$13,806
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,340
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,385
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
2904 Butterfield Stage Road Highland Village, TX 3
- 3 beds 2 baths ∙ 2,564 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,564 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,340
- $0.91
-
6310 Branchwood Trail Flower Mound, TX 1
- 3 beds 2 baths ∙ 2,392 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,392 Sqft ∙ Built 1996
LEASED 08/27/20- Rent
- Rent Per SQFT
- $2,200
- $0.92
-
2500 Blue Ridge Trail Flower Mound, TX 2
- 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 1996
LEASED 03/06/20- Rent
- Rent Per SQFT
- $2,295
- $0.95
-
2509 Cross Haven Drive Flower Mound, TX 4
- 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,608 Sqft ∙ Built 1999
LEASED 02/06/20- Rent
- Rent Per SQFT
- $2,350
- $0.90
-
850 Kingwood Court Highland Village, TX 5
- 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 1991
LEASED 10/21/20- Rent
- Rent Per SQFT
- $2,500
- $0.95
PROPERTY LISTING DETAILS
Your Home Free Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14489493
Last Updated: 12/27/2020
