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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $175.02
- 4 Days on Market
- MLS # : 14491819
- Updated Date : 01/07/2021 at 15:53
CONSTRUCTION
- Beds : 4
- Floor Size : 2,314 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Urban Dallas
Listing Agent's Description
Impressive and irresistible move-in-ready home on beautiful, wooded lot in sought-after Old Mill Road community. Just inside the stunning wrought-iron front doors, find and enjoy beautiful details such as hand-carved, scraped wood floors, built-in cabinetry throughout, and a wall of windows overlooking the pool oasis just outside. Eat-in kitchen features granite countertops, under-cabinet lighting, brick accents, and walkthrough to formal dining area. Primary Suite offers en suite sitting area, private master bath includes granite countertops, a spa tub, and custom stonework shower. Enjoy the outdoors under the pergola or take a swim in the beautiful pool featuring hot tub.
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
Zip Code: 75402
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75402
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,407 |
| Property Tax | -$911 | |
| Property Insurance | -$161 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$787
|
||
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.
$405,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$113,075
LOAN DETAILS
$1,407
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $101,250 |
| Loan Amount | $303,750 |
-0.17
YEARS SAVED
-$34
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,666
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
3590 Old Mill Road Greenville, TX 1
- 4 beds 4 baths ∙ 2,314 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,314 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,790
- $0.77
-
9803 Hunters Run Street Greenville, TX 2
- 3 beds 2 baths ∙ 2,554 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,554 Sqft ∙ Built 1998
LEASED 10/19/20- Rent
- Rent Per SQFT
- $1,850
- $0.72
PROPERTY LISTING DETAILS
Keller Williams Urban Dallas
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14491819
Last Updated: 01/07/2021
