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
- Built In 2016
- Price/Sqft : $176.95
- 3 Days on Market
- MLS # : 14465914
- Updated Date : 11/07/2020 at 11:15
CONSTRUCTION
- Beds : 4
- Floor Size : 3,532 sqft
- Baths : 3 full , 1 half
Listing Agent
Re/max Dfw Associates
Listing Agent's Description
Elegant Flower Mound home built in 2016! Upgraded Stone exterior, 3 Car Garage with Cedar Overhead doors on roughly .23 acres has plenty of room for a pool! The 20ft Ceilings & dramatic entry, Nailed Down Wood Flooring & Crown Molding, Wainscoting with Shutters is indicative of a Quality Home. Open Kitchen with Abundant Natural Light is accented by Upgraded Gas Range Top, Professional Vent, Extensive Cabinetry & Huge entertainment Island. Owners Suite is Large with Texas Sized Closet including a 3rd Row Seasonal Rack. 2nd Bedroom Downstairs has a private full bath. The Game & Media Room are perfect for movie or game night! Bedroom 3 & 4 are perfect sized rooms. This home is priced to sell, don’t miss it!
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: 75028
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75028
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,160 |
| EXPENSES | Loan Payment | -$2,306 |
| Property Tax | -$1,079 | |
| Property Insurance | -$231 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$605
|
||
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.
$625,000
PROJECTED PRICE
$3,160
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.8% |
| 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
$171,375
LOAN DETAILS
$2,306
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $156,250 |
| Loan Amount | $468,750 |
0.67
YEARS SAVED
$2,145
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,160
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$3,191
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
3513 Ophel Way Flower Mound, TX 4
- 4 beds 4 baths ∙ 3,532 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,532 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $3,160
- $0.89
-
2200 Cheshire Drive Flower Mound, TX 1
- 5 beds 4 baths ∙ 3,200 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,200 Sqft ∙ Built 1997
LEASED 03/13/20- Rent
- Rent Per SQFT
- $2,900
- $0.91
-
1105 Bur Oak Drive Flower Mound, TX 2
- 5 beds 3 baths ∙ 3,203 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,203 Sqft ∙ Built 1997
LEASED 03/13/20- Rent
- Rent Per SQFT
- $2,900
- $0.91
-
3712 Wicklow Court Flower Mound, TX 3
- 4 beds 3 baths ∙ 3,313 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,313 Sqft ∙ Built 1999
LEASED 08/06/19- Rent
- Rent Per SQFT
- $2,950
- $0.89
PROPERTY LISTING DETAILS
Re/max Dfw Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14465914
Last Updated: 11/07/2020
