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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $159.69
- 2 Days on Market
- MLS # : 14516727
- Updated Date : 02/20/2021 at 14:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,878 sqft
- Baths : 2 full
Listing Agent
Beam Real Estate, Llc
Listing Agent's Description
Welcome to your sought after newer 1 story home nestled in west Irving! 3-2 floorplan is energy efficient and great option for first time homebuyers or down-sizers. Spacious kitchen has granite countertops, island, breakfast nook, and 42 in oak-stained cabinets for plenty of storage! Popular split bedroom floorplan offers privacy for master bedroom, master bath has dual vanities. Inviting main living area has plenty of natural light from windows, and is complete with fireplace. Study-office at front of the house, formal dining, or extra living area. Upgraded enclosed patio in backyard is great for gardening, pets, or exercising, new wood fence as well. Irving living at its best!!!
SEE MORE
- 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)
- . 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)
PRICE & RENT TRENDS
Neighborhood: Graff Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Graff Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$663 | |
| Property Insurance | -$136 | |
| HOA | -$27 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$56
|
||
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.
$299,900
PROJECTED PRICE
$1,910
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 4.0% |
| 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
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
3.42
YEARS SAVED
$8,899
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,934
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
3031 Stallion Crossing Irving, TX 3
- 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,910
- $1.02
-
3031 Cross Timbers Drive Irving, TX 1
- 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2006
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,800
- $0.96
-
1639 Secretariat Lane Irving, TX 2
- 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2010
LEASED 10/22/20- Rent
- Rent Per SQFT
- $1,850
- $1.01
-
1442 Furlong Court Irving, TX 4
- 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,804 Sqft ∙ Built 2007
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,950
- $1.08
-
3030 Cross Timbers Drive Irving, TX 5
- 4 beds 3 baths ∙ 1,828 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,828 Sqft ∙ Built 2006
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,950
- $1.07
PROPERTY LISTING DETAILS
Beam Real Estate, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14516727
Last Updated: 02/20/2021
