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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $158.92
- 2 Days on Market
- MLS # : 14527552
- Updated Date : 03/06/2021 at 17:25
CONSTRUCTION
- Beds : 4
- Floor Size : 3,398 sqft
- Baths : 4 full
Listing Agent
Rogers Healy And Associates
Listing Agent's Description
Highland built home in the coveted golf community, “The Tribute”. Gorgeous home with 4 bedrooms and 4 full bathrooms. First floor offers front office, dining, living, open kitchen, primary bedroom and the guest suite. Upstairs has a large game room pre wired for speakers and projector, flex room perfect for kids play area, 2 bedrooms and 2 bathrooms. Meticulously maintained home has an open kitchen with an island, double ovens and opens to the breakfast and living areas with real wood floors. You are walking distance to prestwick k-8, community pool and the playground. A short golf cart ride to the historical Old American golf course. This property will not last long!
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: Aberdeen at Tribute
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Aberdeen at Tribute
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,290 |
| EXPENSES | Loan Payment | -$1,876 |
| Property Tax | -$1,033 | |
| Property Insurance | -$214 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$32
|
||
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.
$540,000
PROJECTED PRICE
$3,290
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.0% |
| 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
$148,850
LOAN DETAILS
$1,876
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $135,000 |
| Loan Amount | $405,000 |
4.08
YEARS SAVED
$21,221
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,290
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$3,333
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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- 4 beds 4 baths ∙ 3,124 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,124 Sqft ∙ Built 2019
LEASED 03/13/20- Rent
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- $3,195
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- 4 beds 4 baths ∙ 3,337 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,337 Sqft ∙ Built 2018
LEASED 03/28/20- Rent
- Rent Per SQFT
- $3,300
- $0.99
-
8236 Lindsay Gardens The Colony, TX 4
- 4 beds 4 baths ∙ 3,381 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,381 Sqft ∙ Built 2013
LEASED 06/29/20- Rent
- Rent Per SQFT
- $3,350
- $0.99
-
2837 Waverly The Colony, TX 5
- 4 beds 4 baths ∙ 3,135 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,135 Sqft ∙ Built 2017
LEASED 10/05/20- Rent
- Rent Per SQFT
- $3,500
- $1.12
PROPERTY LISTING DETAILS
Rogers Healy And Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14527552
Last Updated: 03/06/2021
