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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $127.87
- 2 Days on Market
- MLS # : 14485895
- Updated Date : 12/19/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,750 sqft
- Baths : 4 full
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Enter this warm, welcoming home with open spaces and a formal living to greet you. The floor plan is thoughtfully completed to allow enough space for each member of the family to have privacy and work or attend school without disturbing the other household members. Fantastic saltwater pool and a garden in the side yard make this home a perfect place to quarantine. A short 3 minute drive and you are at Breckenridge Park. Upgrades include Low-E windows, new carpet, new window blinds, new iron balusters. Don’t miss out on the opportunity to own this GEM!!
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: Creek Hollow Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Creek Hollow Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,940 |
| EXPENSES | Loan Payment | -$1,769 |
| Property Tax | -$887 | |
| Property Insurance | -$244 | |
| HOA | -$24 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$83
|
||
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.
$479,500
PROJECTED PRICE
$2,940
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$132,818
LOAN DETAILS
$1,769
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $119,875 |
| Loan Amount | $359,625 |
3.58
YEARS SAVED
$19,324
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,940
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$3,188
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
3508 Newhaven Drive Richardson, TX 2
- 4 beds 4 baths ∙ 3,750 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,750 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $2,940
- $0.78
-
3020 Cotters Circle Richardson, TX 1
- 4 beds 3 baths ∙ 3,514 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,514 Sqft ∙ Built 2003
LEASED 11/04/19- Rent
- Rent Per SQFT
- $2,695
- $0.77
-
3109 Cedar Ridge Drive Richardson, TX 3
- 5 beds 5 baths ∙ 3,552 Sqft ∙ Built 2000 5 beds 5 baths ∙ 3,552 Sqft ∙ Built 2000
LEASED 04/06/20- Rent
- Rent Per SQFT
- $3,000
- $0.84
-
3315 Meadow Wood Drive Richardson, TX 4
- 4 beds 4 baths ∙ 3,819 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,819 Sqft ∙ Built 2000
LEASED 05/12/20- Rent
- Rent Per SQFT
- $3,300
- $0.86
-
3608 Parkhurst Circle Richardson, TX 5
- 5 beds 4 baths ∙ 3,750 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,750 Sqft ∙ Built 1996
LEASED 08/24/20- Rent
- Rent Per SQFT
- $3,500
- $0.93
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485895
Last Updated: 12/19/2020
