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 1983
- Price/Sqft : $197.18
- 3 Days on Market
- MLS # : 14477860
- Updated Date : 11/27/2020 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,125 sqft
- Baths : 2 full
Listing Agent
Covenant Realty Corp
Listing Agent's Description
Come see this beautiful remodel! Realist Tax gives this home a VERY HIGH SALES SCORE. As you drive toward your destination you will feel as if you are driving through the country. Your stress melts away, yet you are close enough to city conveniences. Upon entering, as your eyes take it all in, you will also feel as if you have been welcomed home. You won't want to leave, but should you open the back door you will likely be serenaded by 100's of small birds singing gloriously throughout the heavily wooded back yard. As hard as it will be to come back inside you must, so that you can tour the rest of the home. All 3 bedrooms are spaciously sized - much larger than homes with more square footage. Better hurry!
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: Franklin Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Franklin Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,546 |
| Property Tax | -$723 | |
| Property Insurance | -$150 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$428
|
||
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.
$419,000
PROJECTED PRICE
$2,090
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.1% |
| 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
$116,785
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $104,750 |
| Loan Amount | $314,250 |
0.67
YEARS SAVED
$1,298
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,125
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
3417 Shady Oaks Drive Flower Mound, TX 2
- 3 beds 2 baths ∙ 2,125 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,125 Sqft ∙ Built 1983
![property image]()
- Rent
- Rent Per SQFT
- $2,090
- $0.98
-
9217 Old Cross Timbers Rd Road Flower Mound, TX 1
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1984
![property image]()
LEASED 09/18/19- Rent
- Rent Per SQFT
- $1,795
- $1.00
PROPERTY LISTING DETAILS
Covenant Realty Corp
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477860
Last Updated: 11/27/2020
