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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $161.78
- 2 Days on Market
- MLS # : 14479441
- Updated Date : 12/05/2020 at 17:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,627 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Dfw Associates
Listing Agent's Description
Lovely open concept floorpan on heavily treed culdesac lot in esteemed Highland Shores subdivision. Oversized master with sitting area and access to HUGE backyard. Wide doors, wheel-in shower in master, hard surface flooring, lift and 2nd bedroom on 1st floor make this home highly accessible. Second bedroom with widened doorway also makes an ideal WFH office. Large spacious bedrooms and generous game room emphasize efficient use of space. A short walk to trails skirting Lake Lewisville or one of the 3 community pools and tennis courts. Highly rated schools!
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
Neighborhood: Highland Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highland Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,500 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$778 | |
| Property Insurance | -$179 | |
| HOA | -$68 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$192
|
||
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.
$425,000
PROJECTED PRICE
$2,500
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.0% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
2.42
YEARS SAVED
$9,674
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,500
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,574
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
3203 Hilltop Court Highland Village, TX 4
- 5 beds 3 baths ∙ 2,627 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,627 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $2,500
- $0.95
-
2701 Creekside Way Highland Village, TX 1
- 4 beds 4 baths ∙ 2,688 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,688 Sqft ∙ Built 1990
LEASED 12/18/19- Rent
- Rent Per SQFT
- $2,425
- $0.90
-
601 Hidden Oak Court Highland Village, TX 2
- 4 beds 3 baths ∙ 2,427 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,427 Sqft ∙ Built 1988
LEASED 12/26/19- Rent
- Rent Per SQFT
- $2,450
- $1.01
-
850 Kingwood Court Highland Village, TX 3
- 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,637 Sqft ∙ Built 1991
LEASED 10/21/20- Rent
- Rent Per SQFT
- $2,500
- $0.95
-
2707 Hillside Drive Highland Village, TX 5
- 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1990
LEASED 06/18/20- Rent
- Rent Per SQFT
- $2,900
- $1.06
PROPERTY LISTING DETAILS
Re/max Dfw Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479441
Last Updated: 12/05/2020
