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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $164.84
- 5 Days on Market
- MLS # : 14489455
- Updated Date : 12/23/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,638 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
This Pulte Built home is 3-2-2 . You can enjoy the Paloma Creek South amenities and a quiet street. This floor plan has two bedrooms near the front of the house and the private master bedroom in the back of the home overlooks the large backyard. A corner stone fireplace sets off the family room with dark wood floors--this is open to the kitchen with stained cabinetry, large island and SS appliances. The backyard is highlighted with a covered gazebo for entertaining. The Master bath has large ensuite with dual sinks, garden tub and shower.
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: Paloma Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paloma Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$566 | |
| Property Insurance | -$122 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$195
|
||
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.
$270,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.0% |
| 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
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
1.42
YEARS SAVED
$2,603
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,642
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
3021 Adrian Creek Drive Little Elm, TX 2
- 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,620
- $0.99
-
3025 Layla Creek Drive Little Elm, TX 1
- 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2016
LEASED 02/29/20- Rent
- Rent Per SQFT
- $1,600
- $0.97
-
3109 Montserrat Creek Drive Little Elm, TX 3
- 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2017
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,695
- $1.03
-
3112 Adrian Creek Drive Little Elm, TX 4
- 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2017
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,695
- $1.04
-
3024 Manuel Creek Drive Little Elm, TX 5
- 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 2016
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,710
- $0.97
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14489455
Last Updated: 12/23/2020
