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
- Single Family
- Built In 2011
- Price/Sqft : $176.00
- 4 Days on Market
- MLS # : 14505718
- Updated Date : 01/29/2021 at 19:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,500 sqft
- Baths : 3 full
Listing Agent
Ebby Halliday, Realtors-prosper
Listing Agent's Description
Cozy and Charming one and a half story home nestled in the heart of Prosper. A flexible floor plan allows for a huge bedroom to be upstairs or a media or game room with a full bath. Brick and stone elevation greets you with curb appeal and 3.5 garage! Recent updates, open and spacious floor plan, and private backyard with Pergola covered patio and 9ft board on board fence. Granite countertops in the spacious kitchen, and center island. Minutes from shopping at the Gates of Prosper and easy access to DNT. Close to schools zoned for the community. ***Multiple Offers for 360 Dianna Prosper, Texas. HIGHEST AND BEST DUE BY SUNDAY JAN 31ST AT 7PM***
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: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,460 |
| EXPENSES | Loan Payment | -$1,528 |
| Property Tax | -$860 | |
| Property Insurance | -$172 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$274
|
||
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.
$440,000
PROJECTED PRICE
$2,460
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.0% |
| 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
$122,350
LOAN DETAILS
$1,528
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $110,000 |
| Loan Amount | $330,000 |
1.5
YEARS SAVED
$3,893
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,460
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,650
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
360 Dianna Drive Prosper, TX 1
- 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2011
- Rent
- Rent Per SQFT
- $2,460
- $0.98
-
940 Sabine Drive Prosper, TX 2
- 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,572 Sqft ∙ Built 2018
LEASED 12/05/20- Rent
- Rent Per SQFT
- $2,700
- $1.05
-
341 Darian Drive Prosper, TX 3
- 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,591 Sqft ∙ Built 2017
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,750
- $1.06
-
931 Waterview Drive Prosper, TX 4
- 3 beds 3 baths ∙ 2,671 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,671 Sqft ∙ Built 2017
LEASED 02/26/20- Rent
- Rent Per SQFT
- $2,800
- $1.05
-
1601 Middleton Lane Prosper, TX 5
- 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,583 Sqft ∙ Built 2018
LEASED 02/10/20- Rent
- Rent Per SQFT
- $2,800
- $1.08
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors-prosper
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14505718
Last Updated: 01/29/2021
