Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $147.14
- 2 Days on Market
- MLS # : 14484919
- Updated Date : 12/12/2020 at 12:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,147 sqft
- Baths : 2 full
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Like new, gently lived in and ready for you. Located in beautiful Lakeside at Heath, in RISD. As you walk in you will feel the warmth of the wood-look tile flooring and the picturesque stone fireplace. The open concept is enhanced by the large windows and natural light. In the kitchen, the dark hand-stained cabinets and light-colored Quartz countertops, and tile backsplash provide the perfect combination. The Master is secluded for additional privacy. The Master bath features the same hand-stained built-in-cabinets, separate tub & shower, dual sinks, and a 13x9 Master closet. The back covered patio and large 75 ft wide backyard are perfect for cooking and watching the kids play and even a pool. Merry Christmas!
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: Travis Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Travis Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,060 |
| EXPENSES | Loan Payment | -$1,166 |
| Property Tax | -$776 | |
| Property Insurance | -$151 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$162
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$315,900
PROJECTED PRICE
$2,060
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 4.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$89,464
LOAN DETAILS
$1,166
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,975 |
| Loan Amount | $236,925 |
2
YEARS SAVED
$5,017
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,060
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,932
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
3015 Lily Lane Heath, TX 5
- 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 2018
![property image]()
- Rent
- Rent Per SQFT
- $2,060
- $0.96
-
1019 Rumley Road Forney, TX 1
- 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,974 Sqft ∙ Built 2005
![property image]()
LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,775
- $0.90
-
1213 Erika Lane Forney, TX 2
- 4 beds 3 baths ∙ 1,995 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,995 Sqft ∙ Built 2017
![property image]()
LEASED 03/24/20- Rent
- Rent Per SQFT
- $1,795
- $0.90
-
2011 Childress Drive Forney, TX 3
- 5 beds 4 baths ∙ 2,342 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,342 Sqft ∙ Built 2014
![property image]()
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,950
- $0.83
-
919 Johnson City Drive Forney, TX 4
- 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,068 Sqft ∙ Built 2009
![property image]()
LEASED 03/31/20- Rent
- Rent Per SQFT
- $2,000
- $0.97
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14484919
Last Updated: 12/12/2020
