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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $174.03
- 6 Days on Market
- MLS # : 14476602
- Updated Date : 11/24/2020 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,545 sqft
- Baths : 3 full
Listing Agent
Britton Homes
Listing Agent's Description
PERRY HOMES NEW CONSTRUCTION! Extended entry with 13-foot ceiling leads to open kitchen, dining area and family room. Kitchen offers generous counter space, corner walk-in pantry and inviting island with built-in seating space. Dining area flows into family room with a wood mantel fireplace and a wall of windows. Game room with French doors just across from kitchen. Primary suite includes double-door entry to primary bath with dual vanities, garden tub, separate glass-enclosed shower and two large walk-in closets. Secondary bedrooms feature walk-in closets. Covered backyard patio. Mud room off two-car garage
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
Zip Code: 75068
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75068
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,634 |
| Property Tax | -$928 | |
| Property Insurance | -$174 | |
| HOA | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$818
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$442,900
PROJECTED PRICE
$2,080
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 3.00% |
| 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
$119,369
LOAN DETAILS
$1,634
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $110,725 |
| Loan Amount | $332,175 |
-0.08
YEARS SAVED
-$14
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,074
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
3512 Sawtooth Lane Little Elm, TX 4
- 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,080
- $0.82
-
8733 Sagebrush Trail Cross Roads, TX 1
- 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2005
LEASED 10/26/20- Rent
- Rent Per SQFT
- $1,899
- $0.76
-
8916 Yosemite Trail Cross Roads, TX 2
- 5 beds 2 baths ∙ 2,294 Sqft ∙ Built 2006 5 beds 2 baths ∙ 2,294 Sqft ∙ Built 2006
LEASED 12/27/19- Rent
- Rent Per SQFT
- $1,925
- $0.84
-
9012 Stewart Street Cross Roads, TX 3
- 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2005
LEASED 10/02/20- Rent
- Rent Per SQFT
- $2,050
- $0.79
-
1328 Red River Drive Aubrey, TX 5
- 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2015
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,200
- $0.87
PROPERTY LISTING DETAILS
Britton Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14476602
Last Updated: 11/24/2020
