Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $182.29
- 3 Days on Market
- MLS # : 14500731
- Updated Date : 01/15/2021 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,920 sqft
- Baths : 2 full
Listing Agent
Innovative Realty
Listing Agent's Description
Beautiful almost brand new 4 bedroom 2 bathroom home close to the Bishop Arts District. This stunning home boasts wood and ceramic designer tile floors, granite counters, a chef's kitchen with a huge island and 4 spacious bedrooms. The large living room flows perfectly off of the kitchen and has a beautiful wood burning stone fireplace as the focal point. The home has been finished with designer paint colors that make the home feel warm and cozy. The backyard is a great retreat that features a covered back porch, an additional covered pergola, firepit and a great storage building. This home has so much to offer and is sure to impress!
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
Neighborhood: Winnetka Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Winnetka Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$830 | |
| Property Insurance | -$138 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$423
|
||
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.
$350,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 14.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
0.17
YEARS SAVED
$54
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,930
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
3303 Poinsettia Drive Dallas, TX 2
- 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,860
- $0.97
-
2947 Saint Bernard Dallas, TX 1
- 4 beds 2 baths ∙ 1,797 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,797 Sqft ∙ Built 2017
LEASED 12/28/20- Rent
- Rent Per SQFT
- $1,825
- $1.02
-
4527 Marcell Avenue Dallas, TX 3
- 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2014
LEASED 11/05/20- Rent
- Rent Per SQFT
- $2,000
- $0.99
PROPERTY LISTING DETAILS
Innovative Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14500731
Last Updated: 01/15/2021
