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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $171.51
- 2 Days on Market
- MLS # : 14488676
- Updated Date : 12/19/2020 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,720 sqft
- Baths : 2 full
Listing Agent
Fathom Realty
Listing Agent's Description
COME GET OUT OF THE CITY LIGHTS AND ENJOY COUNTRY LIVING IN RUAL TEXAS ONLY 40 MINS OUT OF METROPLEX. GREAT NEIGHBORHOOD AND SCHOOLS!! WALKING DISTANCE TO PARK. OPEN FLOOR PLAN WITH 4 BEDROOMS AND 2 BATHS. LARGE LOT FOR FAMILY AND FUN!!
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 75490
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75490
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$694 | |
| Property Insurance | -$123 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$464
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$295,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 8.9% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.00% |
| 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
$80,175
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
-0.08
YEARS SAVED
-$7
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,496
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
304 W Neale Trenton, TX 1
- 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,720 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,540
- $0.90
-
302 Kelcey Court Trenton, TX 2
- 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2018
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,690
- $0.87
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488676
Last Updated: 12/19/2020
