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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $117.08
- 6 Days on Market
- MLS # : 14505375
- Updated Date : 01/28/2021 at 15:16
CONSTRUCTION
- Beds : 4
- Floor Size : 4,057 sqft
- Baths : 3 full , 1 half
Listing Agent
Lily Moore Realty
Listing Agent's Description
Spacious 4 bedroom, 3.5 bath home on CORNER LOT in sought after Briarwyck! Charming front porch! Open entry with formal living & dining combo plus STUDY! Family room boasts vaulted ceilings & corner fireplace! Beautiful kitchen with abundant cabinetry, granite counters, gas cooktop & large island! Downstairs master offers ensuite bath with corner tub, dual vanities & walk-in closet! Great space upstairs is perfect for entertaining with large GAME ROOM, MEDIA ROOM with tiered floor, built-in tech center, 3 spacious bedrooms & 2 baths! Beautifully landscaped backyard with TWO OVERSIZED COVERED PATIOS! NEW AC in 2017 with warranty! Roof being replaced! Across the street from elementary school!
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: Briarwyck
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Briarwyck
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,210 |
| EXPENSES | Loan Payment | -$1,650 |
| Property Tax | -$828 | |
| Property Insurance | -$262 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$327
|
||
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.
$475,000
PROJECTED PRICE
$3,210
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.2% |
| 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
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
8.08
YEARS SAVED
$50,664
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,210
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$3,394
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
343 Enfield Drive Roanoke, TX 2
- 4 beds 4 baths ∙ 4,057 Sqft ∙ Built 2011 4 beds 4 baths ∙ 4,057 Sqft ∙ Built 2011
![property image]()
- Rent
- Rent Per SQFT
- $3,210
- $0.79
-
451 Bristol Street Roanoke, TX 1
- 4 beds 4 baths ∙ 4,332 Sqft ∙ Built 2009 4 beds 4 baths ∙ 4,332 Sqft ∙ Built 2009
![property image]()
LEASED 03/11/20- Rent
- Rent Per SQFT
- $2,995
- $0.69
-
191 Durango Drive Trophy Club, TX 3
- 4 beds 3 baths ∙ 3,871 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,871 Sqft ∙ Built 1999
![property image]()
LEASED 10/05/19- Rent
- Rent Per SQFT
- $3,690
- $0.95
-
2603 Morgan Lane Trophy Club, TX 4
- 5 beds 4 baths ∙ 4,355 Sqft ∙ Built 2010 5 beds 4 baths ∙ 4,355 Sqft ∙ Built 2010
![property image]()
LEASED 10/25/20- Rent
- Rent Per SQFT
- $3,800
- $0.87
PROPERTY LISTING DETAILS
Lily Moore Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14505375
Last Updated: 01/28/2021
