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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $150.80
- 4 Days on Market
- MLS # : 14515862
- Updated Date : 02/12/2021 at 09:08
CONSTRUCTION
- Beds : 5
- Floor Size : 4,476 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty-fm
Listing Agent's Description
NEED MORE SPACE? Look no further than this stunning 5 bedroom home located on a quiet cul-de-sac with a spacious, private lot in the Woods at Wellington neighborhood. On the first floor, the home offers a recently updated kitchen, massive master bedroom with sitting area, private study for home office or school space, 2 living areas and formal dining. Upstairs features an expansive guest suite, 3 additional oversized bedrooms, huge bonus area perfect for a media or game room and an additional flex living space. This home is perfectly situated for easy access to great schools, lake, trails and everything Flower Mound has to offer while still providing a serene and private natural setting.
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
Neighborhood: The Woods at Wellington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Woods at Wellington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,050 |
| EXPENSES | Loan Payment | -$2,345 |
| Property Tax | -$1,166 | |
| Property Insurance | -$286 | |
| HOA | -$80 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$75
|
||
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.
$675,000
PROJECTED PRICE
$4,050
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.1% |
| 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
$184,625
LOAN DETAILS
$2,345
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $168,750 |
| Loan Amount | $506,250 |
5.17
YEARS SAVED
$36,957
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,050
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$4,610
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
3601 Wise Lane Flower Mound, TX 1
- 5 beds 4 baths ∙ 4,476 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,476 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $4,050
- $0.90
-
801 Surrey Lane Flower Mound, TX 2
- 5 beds 5 baths ∙ 4,545 Sqft ∙ Built 2015 5 beds 5 baths ∙ 4,545 Sqft ∙ Built 2015
LEASED 08/24/20- Rent
- Rent Per SQFT
- $4,700
- $1.03
PROPERTY LISTING DETAILS
Keller Williams Realty-fm
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14515862
Last Updated: 02/12/2021
