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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $138.28
- 2 Days on Market
- MLS # : 14485319
- Updated Date : 12/12/2020 at 20:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,278 sqft
- Baths : 2 full
Listing Agent
Novus Real Estate
Listing Agent's Description
Welcome home! This Sunset Pointe single story is ready to be your new home. Gorgeous kitchen features granite countertops, desk area, and brkfast bar with double sink, as well as plentiful cabinets and a blt in wine rack! Ktichen is open to the living room and brkfast nook, so you can sit at the brkfast bar having a warm beverage or glass of wine while enjoying a crackling fire on chilly nights. Mstr bath features a jetted tub and a separate shower with rain showerhead. Mstr bath also features dual sinks. Master closet features built in drawers and shelves and has multiple level hanging rods. Back yard features an open patio and had a new fence added recently. Lewisville Lake is just a few streets down.
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: Sunset Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunset Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$660 | |
| Property Insurance | -$159 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$320
|
||
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.
$315,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.4% |
| 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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
0.5
YEARS SAVED
$723
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,788
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
3006 Aurora Mist Drive Little Elm, TX 3
- 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,810
- $0.79
-
1433 Puerto Lago Drive Little Elm, TX 1
- 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 2006
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,700
- $0.70
-
1433 Waterford Drive Little Elm, TX 2
- 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2005
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,750
- $0.79
-
1701 Pebblebrook Way Little Elm, TX 4
- 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2005
LEASED 06/07/20- Rent
- Rent Per SQFT
- $1,850
- $0.80
-
1429 Sun Breeze Drive Little Elm, TX 5
- 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,228 Sqft ∙ Built 2004
LEASED 10/08/20- Rent
- Rent Per SQFT
- $1,895
- $0.85
PROPERTY LISTING DETAILS
Novus Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485319
Last Updated: 12/12/2020
