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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $158.76
- 5 Days on Market
- MLS # : 14516689
- Updated Date : 02/10/2021 at 15:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,043 sqft
- Baths : 2 full
Listing Agent
Classic Property Management
Listing Agent's Description
Brand New One-Story by Bloomfield Homes, Turn-key Ready March 2021! Stone & Brick Exterior with 4 bed, 2 bath and 2-car Garage. Open floorplan with plenty of windows adding to spacious & airy feel. Kitchen includes SS Appliances and features large island work space. Study with classic French Doors. Porcelain Wood-look Tile throughout. Great outdoor space with Covered Patio, Fully Fenced yard with irrigation system and new landscaping. Located in desirable Heartland community with amazing amenities like Pool complex with 30' water slide, stocked fishing ponds, and fitness center! Call today or visit our model to learn more.
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: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,127 |
| Property Tax | -$743 | |
| Property Insurance | -$145 | |
| HOA | -$39 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$353
|
||
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.
$324,340
PROJECTED PRICE
$1,800
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.8% |
| 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
$87,950
LOAN DETAILS
$1,127
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,085 |
| Loan Amount | $243,255 |
0.33
YEARS SAVED
$194
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,803
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
3604 Monticello Way Heartland, TX 2
- 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 2021 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $1,800
- $0.88
-
4000 Freedom Street Heartland, TX 1
- 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,882 Sqft ∙ Built 2008
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,595
- $0.85
-
3015 Cassinia Parkway Heartland, TX 3
- 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 2017
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,925
- $0.89
-
3118 Buckthorn Street Heartland, TX 4
- 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,288 Sqft ∙ Built 2016
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,950
- $0.85
-
1952 Quartz Trail Heartland, TX 5
- 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,337 Sqft ∙ Built 2018
LEASED 06/29/20- Rent
- Rent Per SQFT
- $2,195
- $0.94
PROPERTY LISTING DETAILS
Classic Property Management
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14516689
Last Updated: 02/10/2021
