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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $132.25
- 2 Days on Market
- MLS # : 14508713
- Updated Date : 01/30/2021 at 14:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,814 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Company
Listing Agent's Description
Located in a cul-de-sac, this well maintained home is in the highly sought after Joshua ISD. Open concept with a great kitchen, breakfast area and spacious living room. Formal dining for entertaining. Split bedroom arrangement. The master suite is oversized. Master bath has garden tub, separate shower, walk-closet. The secondary bedrooms are good size. living room features a wonderful gas fireplace. Enjoy your mornings or evenings on the oversized back porch. Backyard, fully fenced with cute storage building. The garage features golf cart space. Newer HVAC.The home is beautifully landscaped. walking and bike trails, community pool, fishing at the private lake, golf course and covered playground.
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: Fairway Vistas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fairway Vistas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$833 |
| Property Tax | -$575 | |
| Property Insurance | -$132 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$66
|
||
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.
$239,900
PROJECTED PRICE
$1,710
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$69,324
LOAN DETAILS
$833
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
5.42
YEARS SAVED
$14,000
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,723
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
2974 Masters Court Burleson, TX 2
- 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,814 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,710
- $0.94
-
219 Arrowhead Drive Burleson, TX 1
- 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 2004
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,695
- $0.92
-
537 Oakbrook Drive Burleson, TX 3
- 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2004
LEASED 11/12/19- Rent
- Rent Per SQFT
- $1,900
- $0.96
-
2836 Greenway Drive Burleson, TX 4
- 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2006
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,950
- $0.98
-
2525 Greenhaven Drive Burleson, TX 5
- 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 2001
LEASED 01/27/21- Rent
- Rent Per SQFT
- $2,000
- $0.94
PROPERTY LISTING DETAILS
Century 21 Judge Fite Company
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14508713
Last Updated: 01/30/2021
