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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $181.79
- 3 Days on Market
- MLS # : 14481161
- Updated Date : 12/04/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,080 sqft
- Baths : 3 full , 1 half
Listing Agent
Dfw Fine Properties
Listing Agent's Description
The Patton floor plan by West Point Homes features soaring ceilings with beams, crown molding, exquisite trim work throughout, stone fireplace, hand scraped red oak wood floors in entry, study, kitchen, family room and dining. The over sized windows and generous backyard patio give you a view of the community pond. The kitchen includes custom cabinets in white, designer lighting, designer back splash, island and granite counter tops. The master suite comes with a large walk in closet, sitting area, master bath with separate shower and soaking tub. Over sized utility room with custom cabinets and sink. Visit model for more information. Home is approx 60 days from completion. Photos are a Previous Patton Plan.
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: 76248
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76248
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,580 |
| EXPENSES | Loan Payment | -$2,066 |
| Property Tax | -$1,175 | |
| Property Insurance | -$205 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,010
|
||
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.
$559,900
PROJECTED PRICE
$2,580
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.5% |
| 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
$150,374
LOAN DETAILS
$2,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $139,975 |
| Loan Amount | $419,925 |
-0.08
YEARS SAVED
-$20
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,580
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,580
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
316 Arrowhead Pass Keller, TX 5
- 4 beds 4 baths ∙ 3,080 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,080 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,580
- $0.84
-
5212 Lori Valley Lane Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2006
![property image]()
LEASED 08/23/20- Rent
- Rent Per SQFT
- $2,295
- $0.80
-
1308 Mcentire Court Keller, TX 2
- 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 2002
![property image]()
LEASED 07/25/19- Rent
- Rent Per SQFT
- $2,395
- $0.84
-
1313 Mcentire Court Keller, TX 3
- 5 beds 4 baths ∙ 2,871 Sqft ∙ Built 2000 5 beds 4 baths ∙ 2,871 Sqft ∙ Built 2000
![property image]()
LEASED 02/06/20- Rent
- Rent Per SQFT
- $2,395
- $0.83
-
220 Longford Court Keller, TX 4
- 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2003
![property image]()
LEASED 11/21/19- Rent
- Rent Per SQFT
- $2,425
- $0.88
PROPERTY LISTING DETAILS
Dfw Fine Properties
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481161
Last Updated: 12/04/2020
