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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $180.38
- 3 Days on Market
- MLS # : 14468372
- Updated Date : 12/11/2020 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,386 sqft
- Baths : 2 full
Listing Agent
Wainwright Real Estate
Listing Agent's Description
This beautiful three year old home located on a corner lot (140x100) is ideal. Enjoy the stained concrete floors, hickory wood kitchen cabinets, large wood deck and more. Hardie board siding and brick exterior provides beautiful entry to a home perfect for entertaining. Trees surround the property and eight foot privacy fence (with double door gate) surrounds the spacious backyard. Beautiful landscaping, ideal location and very desirable community will place this listing at the top of your viewing list.
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
Zip Code: 75452
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75452
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,260 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$516 | |
| Property Insurance | -$104 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$382
|
||
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.
$250,000
PROJECTED PRICE
$1,260
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 11.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.00% |
| 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
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
-0.08
YEARS SAVED
$1
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,260
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,109
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
315 W Thomas Street Leonard, TX 2
- 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $1,260
- $0.91
-
109 S Pecan Street Leonard, TX 1
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 2002
![property image]()
LEASED 07/23/20- Rent
- Rent Per SQFT
- $1,100
- $0.80
PROPERTY LISTING DETAILS
Wainwright Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14468372
Last Updated: 12/11/2020
