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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $148.58
- 2 Days on Market
- MLS # : 14492751
- Updated Date : 01/02/2021 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,844 sqft
- Baths : 2 full
Listing Agent
Mi Real Estate Cloud D/b/a Cloud Realty
Listing Agent's Description
4 bedroom 2 bath 2 car garage home on large corner lot in Evers Way Subdivision. Built in 2019, this house shows like new. This brick home has beautiful stone accents, Nice yard with wood plank Fence. Open Kitchen concept, Stainless Steel Appliances, Lg Island with Living and Dining areas. Lots of Natural Light Shining in this home. Master bedroom has large shower, Walk in Closet, and Linen area. Split bedrooms, separate utility room, and a 4th bedroom that could be used as an office or extra tv room. Great location and close to shopping, Restaurants, I-35 access and Loop 288.
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: 76207
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76207
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,011 |
| Property Tax | -$545 | |
| Property Insurance | -$134 | |
| HOA | -$13 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$78
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$273,990
PROJECTED PRICE
$1,880
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$78,357
LOAN DETAILS
$1,011
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,498 |
| Loan Amount | $205,493 |
6.08
YEARS SAVED
$22,410
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,858
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
3628 Cody Lane Denton, TX 3
- 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 2019
![property image]()
- Rent
- Rent Per SQFT
- $1,880
- $1.02
-
201 Mckamy Boulevard Denton, TX 1
- 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2004
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,795
- $0.97
-
205 Samuel Street Denton, TX 2
- 4 beds 2 baths ∙ 1,777 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,777 Sqft ∙ Built 2020
![property image]()
LEASED 11/18/20- Rent
- Rent Per SQFT
- $1,800
- $1.01
-
412 Wilson Way Denton, TX 4
- 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 2019
![property image]()
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,900
- $1.00
-
204 Evers Way Denton, TX 5
- 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2019
![property image]()
LEASED 12/19/20- Rent
- Rent Per SQFT
- $2,000
- $1.05
PROPERTY LISTING DETAILS
Mi Real Estate Cloud D/b/a Cloud Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492751
Last Updated: 01/02/2021
