Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $153.65
- 3 Days on Market
- MLS # : 14469338
- Updated Date : 11/20/2020 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,644 sqft
- Baths : 3 full
Listing Agent
Savvy Way Realty, Inc
Listing Agent's Description
Impeccable turn-key Richardson home renovated top to bottom 4bd 3bth(Lrg bonus room with closets) near golf course top rated school. Reno costs $200K including new roof, foundation, pool pump DE filter system, a.c units, kitchen all baths with light grey white polished chrome neutral design colors scheme with black iron lighting accents. Open layout 30ft ceilings, fresh grey paint, carpet upstairs, wood look ceramic tile throughout ground level master bed ensuite, walk-in closet. Master bath has oversized shower free standing soaking tub. Large eat-in kitchen, stainless appliances, white gry quartz countertops subway tile backsplash, new cooktop, large island all open to family room w fireplace. pool hot tub.
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: Wyndsor Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wyndsor Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,350 |
| EXPENSES | Loan Payment | -$2,066 |
| Property Tax | -$1,035 | |
| Property Insurance | -$238 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,188
|
||
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.
$559,900
PROJECTED PRICE
$2,350
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.2% |
| 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
$154,124
LOAN DETAILS
$2,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $139,975 |
| Loan Amount | $419,925 |
-0.17
YEARS SAVED
-$63
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,350
LIST RENT -
$0.64
LIST RENT PER SQFT
-
$2,542
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
3104 Kingston Drive Richardson, TX 2
- 4 beds 3 baths ∙ 3,644 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,644 Sqft ∙ Built 1993
![property image]()
- Rent
- Rent Per SQFT
- $2,350
- $0.64
-
5712 Kensington Drive Richardson, TX 1
- 5 beds 3 baths ∙ 3,481 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,481 Sqft ∙ Built 1996
![property image]()
LEASED 03/26/20- Rent
- Rent Per SQFT
- $2,350
- $0.68
-
5403 Galahad Lane Richardson, TX 3
- 4 beds 4 baths ∙ 3,329 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,329 Sqft ∙ Built 1996
![property image]()
LEASED 11/25/19- Rent
- Rent Per SQFT
- $2,395
- $0.72
-
7304 High Point Drive Sachse, TX 4
- 5 beds 4 baths ∙ 3,805 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,805 Sqft ∙ Built 2004
![property image]()
LEASED 09/04/20- Rent
- Rent Per SQFT
- $2,500
- $0.66
-
5713 Saint Thomas Drive Plano, TX 5
- 4 beds 4 baths ∙ 3,645 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,645 Sqft ∙ Built 2005
![property image]()
LEASED 03/21/20- Rent
- Rent Per SQFT
- $2,650
- $0.73
PROPERTY LISTING DETAILS
Savvy Way Realty, Inc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14469338
Last Updated: 11/20/2020
