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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $147.46
- 2 Days on Market
- MLS # : 14499846
- Updated Date : 01/15/2021 at 20:50
CONSTRUCTION
- Beds : 4
- Floor Size : 2,027 sqft
- Baths : 2 full
Listing Agent
Inet Realty, Llc
Listing Agent's Description
RARE, Brand New 2021 4-2-2 single story home on over HALF ACRE LOT, with oversized garage and NO HOA! Spacious family room w-stone WBFP that opens into the 2 island gourmet kitchen featuring stainless steel appliances, granite c.tops, GAS range & lg pantry. Elegant master suite w-att bathroom w-granite, has separate shower & tub with tile surround, dual sinks, & walk in closet. Secondary bedrooms are a great size & also have walk in closets. Large covered patio to add your private deck for family gatherings. Huge backyard that would accommodate a workshop or storage for an RV. With NO HOA oh the possibilities! Additionally includes full sprinkler system, full sod, radiant barrier & gas water heater.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Castle Hill Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Castle Hill Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,038 |
| Property Tax | -$650 | |
| Property Insurance | -$144 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$412
|
||
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.
$298,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.9% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| 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
$81,209
LOAN DETAILS
$1,038
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,725 |
| Loan Amount | $224,175 |
0.08
YEARS SAVED
$14
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$2,034
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
312 Lakeside Drive Azle, TX 1
- 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,027 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,520
- $0.75
-
1357 Briarwood Drive Azle, TX 2
- 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2018
![property image]()
LEASED 08/28/19- Rent
- Rent Per SQFT
- $1,750
- $0.96
-
1341 Briarwood Drive Azle, TX 3
- 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 2017
![property image]()
LEASED 12/02/20- Rent
- Rent Per SQFT
- $1,750
- $0.99
-
1104 Forest Glen Drive Azle, TX 4
- 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 2017
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,795
- $1.06
PROPERTY LISTING DETAILS
Inet Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14499846
Last Updated: 01/15/2021
