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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $217.12
- 3 Days on Market
- MLS # : 14480254
- Updated Date : 12/04/2020 at 13:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,418 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Imagine a fresh start to the new year in a lovely home in this coveted lakeside community! Country living minutes from major highways, shopping, recreation, and schools. Enjoy the sun by the diving pool, relax in the spa, build a fire in the fire pit, and let the stress melt away. Spacious kitchen and dining room are open to the living room, complete with gas fireplace. Secluded master suite has gas fireplace and luxurious bath. A bedroom and bath are split from others for a great office when working from home. No carpet, travertine tile throughout. A space for all your toys in the 720 SF workshop with HVAC, includes half bath and exercise room with beautiful view of pond. Neighborhood activities for all ages!
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: Oak Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oak Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,100 |
| EXPENSES | Loan Payment | -$1,937 |
| Property Tax | -$1,122 | |
| Property Insurance | -$167 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,246
|
||
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.
$525,000
PROJECTED PRICE
$2,100
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| 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
$144,875
LOAN DETAILS
$1,937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,250 |
| Loan Amount | $393,750 |
-0.25
YEARS SAVED
-$98
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,100
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,079
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
3300 W Oak Shores Drive Cross Roads, TX 4
- 4 beds 4 baths ∙ 2,418 Sqft ∙ Built 2001 4 beds 4 baths ∙ 2,418 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $2,100
- $0.87
-
608 Pawnee Street Aubrey, TX 1
- 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2015
LEASED 10/04/20- Rent
- Rent Per SQFT
- $1,950
- $0.89
-
8208 Yukon Lane Aubrey, TX 2
- 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 2014
LEASED 11/10/19- Rent
- Rent Per SQFT
- $2,000
- $0.85
-
1012 Broken Wheel Trail Aubrey, TX 3
- 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2016
LEASED 11/19/20- Rent
- Rent Per SQFT
- $2,100
- $0.90
-
8216 Bonanza Street Aubrey, TX 5
- 3 beds 3 baths ∙ 2,761 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,761 Sqft ∙ Built 2016
LEASED 06/08/19- Rent
- Rent Per SQFT
- $2,200
- $0.80
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14480254
Last Updated: 12/04/2020
