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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $178.29
- 5 Days on Market
- MLS # : 14492220
- Updated Date : 12/30/2020 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,473 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
YOU ARE GOING TO FALL IN LOVE WITH THIS STUNNING ORIGINAL DREES CUSTOM BUILT HOME WITH 3 BEDROOMS, 2 FULL BATHS, & A POOL! Grand entry with high ceilings & office space offers a wall of built-in bookshelves & french doors. The spacious living room is open to the kitchen and offers large windows allowing tons of natural light. The kitchen features tons of cabinetry & counter space & stainless steel appliances. Find comfort in the primary bedroom suite that offers a jetted bathtub, double vanities, & a large walk-in closet. Step out to the serene backyard & know that pool parties are just around the corner! Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.
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
Neighborhood: The Lakes of Trophy Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Lakes of Trophy Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,600 |
| EXPENSES | Loan Payment | -$1,627 |
| Property Tax | -$837 | |
| Property Insurance | -$170 | |
| HOA | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$181
|
||
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.
$440,900
PROJECTED PRICE
$2,600
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.0% |
| 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
$122,589
LOAN DETAILS
$1,627
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $110,225 |
| Loan Amount | $330,675 |
2.58
YEARS SAVED
$11,274
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,600
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$2,628
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
308 Parkview Drive Trophy Club, TX 3
- 3 beds 2 baths ∙ 2,473 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,473 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $2,600
- $1.05
-
310 Village Trail Court Trophy Club, TX 1
- 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,275 Sqft ∙ Built 1997
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,175
- $0.96
-
306 Village Trail Trophy Club, TX 2
- 4 beds 2 baths ∙ 2,336 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,336 Sqft ∙ Built 1997
LEASED 11/05/20- Rent
- Rent Per SQFT
- $2,200
- $0.94
-
404 Lakewood Drive Trophy Club, TX 4
- 3 beds 3 baths ∙ 2,327 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,327 Sqft ∙ Built 2000
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,800
- $1.20
-
312 Lakewood Drive Trophy Club, TX 5
- 3 beds 3 baths ∙ 2,521 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,521 Sqft ∙ Built 2000
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,900
- $1.15
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492220
Last Updated: 12/30/2020
