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PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $151.36
- 3 Days on Market
- MLS # : 14465010
- Updated Date : 11/06/2020 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,982 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Dpr
Listing Agent's Description
Wow! Stunning updated 3 bedroom home with POOL & SPA on a Cul De Sac walking distance to the lake & hike trail. Kitchen features white cabinets, large WI pantry, SS appliances & decorative tile backsplash with French doors leading to backyard. Spacious family room with beautiful moldings & brick fireplace. Dining room has a bay window & wet bar. Huge master with sitting area, bay window, dbl sink vanity, updated shower with tile, separate tub, WI closet & skylight. Nice size secondary bedrooms & updated guest bath. Backyard with large patio, sparkling pool & spa, grass area & wood fence. Updates include roof, AC, windows, carpet, appliances, wood blinds, moldings, fixtures, decorative lighting, paint & more.
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: 75056
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75056
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,820 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$574 | |
| Property Insurance | -$142 | |
| 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.
$300,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.8% |
| 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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
3.17
YEARS SAVED
$9,417
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,932
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
3 Indianola Circle The Colony, TX 3
- 3 beds 2 baths ∙ 1,982 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,982 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,820
- $0.92
-
4253 Fryer Street The Colony, TX 1
- 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1984
LEASED 11/19/19- Rent
- Rent Per SQFT
- $1,725
- $0.90
-
4329 Newton Street The Colony, TX 2
- 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1985
LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,750
- $0.95
-
4116 Fryer Street The Colony, TX 4
- 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1988
LEASED 04/03/20- Rent
- Rent Per SQFT
- $1,900
- $1.03
-
3813 Red Oak Trail The Colony, TX 5
- 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 1999
LEASED 08/13/20- Rent
- Rent Per SQFT
- $2,095
- $1.02
PROPERTY LISTING DETAILS
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14465010
Last Updated: 11/06/2020
