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 2020
- Price/Sqft : $114.66
- 7 Days on Market
- MLS # : 14478649
- Updated Date : 11/30/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,714 sqft
- Baths : 3 full
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14478649 - Built by History Maker Homes - February completion! ~ Brand New HistoryMaker Two Story Home with 2714 SQ Ft on a Corner Lot with a Covered Patio. 4 Bedrooms, Study, 3 Full Baths & Gameroom. Open Concept Design with Kitchen Island & Quartz Countertops and Stainless Steel appliances- Range, Microwave and Dishwasher. Master Bath has Double Vanities, 2 Master Closets, Garden Tub and a Separate Shower wTile Walls. Upgraded Wood Plank Tile in Entry, Kitchen, Breakfast, Family Room & Utility Room. Carpet in all bedrooms, Study and Gameroom. Full Fence, Fully Sodded Yard, Full Sprinkler System and Landscaping Package.
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Zip Code: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,360 |
| EXPENSES | Loan Payment | -$1,148 |
| Property Tax | -$713 | |
| Property Insurance | -$184 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$178
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$311,183
PROJECTED PRICE
$2,360
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 3.00% |
| 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
$84,463
LOAN DETAILS
$1,148
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,796 |
| Loan Amount | $233,387 |
7.42
YEARS SAVED
$34,495
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,360
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,354
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
3116 Stonehaven Lane Heartland, TX 5
- 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,360
- $0.87
-
3301 Manzanilla Lane Forney, TX 1
- 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,540 Sqft ∙ Built 2017
![property image]()
LEASED 01/29/20- Rent
- Rent Per SQFT
- $2,150
- $0.85
-
1965 Travertine Lane Heartland, TX 2
- 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2018
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,150
- $0.84
-
2012 Shawnee Trail Heartland, TX 3
- 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 2017
![property image]()
LEASED 05/04/20- Rent
- Rent Per SQFT
- $2,195
- $0.88
-
2113 Danibelle Drive Heartland, TX 4
- 3 beds 3 baths ∙ 2,536 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,536 Sqft ∙ Built 2015
![property image]()
LEASED 10/02/19- Rent
- Rent Per SQFT
- $2,275
- $0.90
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14478649
Last Updated: 11/30/2020
