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INVESTimate
$460,000
List Price
$127,650
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $116.84
- 2 Days on Market
- MLS # : 14413804
- Updated Date : 08/25/2020 at 11:17
CONSTRUCTION
- Beds : 5
- Floor Size : 3,937 sqft
- Baths : 3 full , 1 half
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Priced to Sell Fast ! Exceptional opportunity in Gated Stoney Creek. Spacious and welcoming one and one and half story home with tremendous potential. 5 Bedrooms-3.5 Baths- 2 Large Living areas . Upstairs Game room and Media Room. Plenty of space in the backyard for outdoor activities. Won't Last Long ! Sold as is.
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: Stoney Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stoney Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $3,150 |
EXPENSES | Loan Payment | -$1,697 |
Property Tax | -$993 | |
Property Insurance | -$255 | |
HOA | -$132 | |
Property Management Fees | -$99 | |
CASH FLOW
-$25
|
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.
$460,000
PROJECTED PRICE
$3,150
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 4.74% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.93% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$127,650
LOAN DETAILS
$1,697
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $115,000 |
Loan Amount | $345,000 |
4
YEARS SAVED
$20,723
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,150
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$3,412
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14413804
Last Updated: 08/25/2020