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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $146.10
- 3 Days on Market
- MLS # : 14492707
- Updated Date : 01/01/2021 at 09:37
CONSTRUCTION
- Beds : 4
- Floor Size : 3,388 sqft
- Baths : 3 full , 1 half
Listing Agent
Rde Capital Group, Llc
Listing Agent's Description
BEAUTIFULLY updated home in Plano ISD and Wells Elementary. Everything has been completely remodeled including all new designer, engineered hardwood floors throughout, brand new carpet in the bedrooms and tile in the bathrooms. Kitchen includes all new appliances (all on order, arriving end of Jan). Beautiful tile backsplash, new electrical and plumbing fixtures throughout. White subway tile in bathrooms, with free standing soaking tub in master. Quartz countertops throughout entire home, including kitchen and bathrooms. Pool has been completely replastered. This home also features two fireplaces with two separate living areas, a sun room which has access from the master and a beautiful outdoor patio with pool.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Carriage Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carriage Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,510 |
EXPENSES | Loan Payment | -$1,826 |
Property Tax | -$842 | |
Property Insurance | -$223 | |
Property Management Fees | -$99 | |
CASH FLOW
-$480
|
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.
$495,000
PROJECTED PRICE
$2,510
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 6.3% |
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
$136,925
LOAN DETAILS
$1,826
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $123,750 |
Loan Amount | $371,250 |
0.67
YEARS SAVED
$1,798
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,510
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,575
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Rde Capital Group, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492707
Last Updated: 01/01/2021