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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $150.06
- 2 Days on Market
- MLS # : 14505381
- Updated Date : 01/23/2021 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,616 sqft
- Baths : 2 full
Listing Agent
Real T Team
Listing Agent's Description
You have to see this beautifully updated home in the heart of Krum, TX! 3 bed, 2 bath, large utility room and pantry. A great storage area that has its own entry outside. Updated kitchen includes all new stainless steel appliances, faucet, and granite countertops. Bathrooms include new granite countertops and shower tile. Entire house has been repainted. And all flooring has been replaced - every room with vinyl plank except 2 bedrooms that have new carpet. Large yard! Walking distance to Krum Middle and High School, Blanche Dodd. New foundation piers in 2020 with transferrable warranty. Room measurements are estimates and buyer to verify themselves. Come take a look today!
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: Dove Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dove Meadows
* 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 | -$842 |
| Property Tax | -$488 | |
| Property Insurance | -$121 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$51
|
||
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.
$242,500
PROJECTED PRICE
$1,600
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.1% |
| 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
$70,013
LOAN DETAILS
$842
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,625 |
| Loan Amount | $181,875 |
5.5
YEARS SAVED
$14,703
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 -
$0.99
LIST RENT PER SQFT
-
$1,628
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
313 E Mccart Street Krum, TX 2
- 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1984
![property image]()
- Rent
- Rent Per SQFT
- $1,600
- $0.99
-
13 W Sharon Drive Krum, TX 1
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1987
![property image]()
LEASED 10/02/20- Rent
- Rent Per SQFT
- $1,550
- $0.96
-
1415 Aztec Trail Krum, TX 3
- 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2003
![property image]()
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,650
- $1.04
-
13 Gregg Road Krum, TX 4
- 3 beds 3 baths ∙ 1,785 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,785 Sqft ∙ Built 1997
![property image]()
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,695
- $0.95
-
18 Cole Circle Krum, TX 5
- 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1977
![property image]()
LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,695
- $1.08
PROPERTY LISTING DETAILS
Real T Team
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14505381
Last Updated: 01/23/2021
