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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $153.37
- 3 Days on Market
- MLS # : 14472569
- Updated Date : 11/21/2020 at 16:52
CONSTRUCTION
- Beds : 4
- Floor Size : 1,467 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty-fm
Listing Agent's Description
Come check out this move in ready home! 4 spacious bedroom, large family room and backyard has a shed and gazebo with a new fence along the back. Kitchen boasts a farm sink, new back splash and one year old dishwasher. Updated fireplace, faucets and bathroom fixtures. Wireless TV in the family room and ring doorbell at the front door and ring lights over the garage. HVAC just over a year old with phone control and a MAM that transfers with the home. New roof in 2017 and new water heater in 2018.
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: Bent Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bent Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$447 | |
| Property Insurance | -$112 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$112
|
||
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.
$225,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 11.0% |
| 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
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
7.25
YEARS SAVED
$23,429
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,559
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
3113 Briary Trace Court Denton, TX 4
- 4 beds 2 baths ∙ 1,467 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,467 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,600
- $1.09
-
3109 Kappwood Court Denton, TX 1
- 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,362 Sqft ∙ Built 2000
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,450
- $1.06
-
3305 Teasbend Court Denton, TX 2
- 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 2001
LEASED 09/16/20- Rent
- Rent Per SQFT
- $1,550
- $1.03
-
1125 Wintercreek Drive Denton, TX 3
- 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1999
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,595
- $1.05
-
3101 Briary Trace Court Denton, TX 5
- 4 beds 3 baths ∙ 1,606 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,606 Sqft ∙ Built 2000
LEASED 11/10/20- Rent
- Rent Per SQFT
- $1,775
- $1.11
PROPERTY LISTING DETAILS
Keller Williams Realty-fm
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14472569
Last Updated: 11/21/2020
