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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $183.56
- 1 Days on Market
- MLS # : 14475754
- Updated Date : 11/22/2020 at 00:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,541 sqft
- Baths : 4 full
Listing Agent
Angel, Realtors
Listing Agent's Description
Spectacular House for first buyers with everything you have imagined to have, Complete house to live with great space and luxuries, its details are perfectly completed to live as you wish, finding a perfect and cozy place. New Roof 2019, Foam insolation 2019, Redone Master Bathrom and Closet 2019, Wood Floor 2015.
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: Carriage Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carriage Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,410 |
| EXPENSES | Loan Payment | -$2,398 |
| Property Tax | -$1,235 | |
| Property Insurance | -$232 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$577
|
||
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.
$650,000
PROJECTED PRICE
$3,410
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$178,000
LOAN DETAILS
$2,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
0.92
YEARS SAVED
$3,028
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,410
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$3,382
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
3248 Horseshoe Drive Grapevine, TX 4
- 4 beds 4 baths ∙ 3,541 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,541 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $3,410
- $0.96
-
4134 Harvestwood Drive Grapevine, TX 1
- 4 beds 3 baths ∙ 3,304 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,304 Sqft ∙ Built 1988
LEASED 03/18/20- Rent
- Rent Per SQFT
- $3,000
- $0.91
-
6705 Carriage Lane Colleyville, TX 2
- 4 beds 4 baths ∙ 3,554 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,554 Sqft ∙ Built 1996
LEASED 07/24/20- Rent
- Rent Per SQFT
- $3,250
- $0.91
-
6620 Sapphire Circle Colleyville, TX 3
- 4 beds 3 baths ∙ 3,419 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,419 Sqft ∙ Built 2003
LEASED 06/03/19- Rent
- Rent Per SQFT
- $3,300
- $0.97
-
4004 Harvestwood Court Grapevine, TX 5
- 4 beds 3 baths ∙ 3,771 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,771 Sqft ∙ Built 2000
LEASED 08/31/20- Rent
- Rent Per SQFT
- $3,895
- $1.03
PROPERTY LISTING DETAILS
Angel, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475754
Last Updated: 11/22/2020
