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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $190.88
- 7 Days on Market
- MLS # : 14504130
- Updated Date : 02/01/2021 at 23:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,311 sqft
- Baths : 3 full , 1 half
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
Be in the center of it all! This newly built contemporary home with circular driveway has all the designer touches! As you enter you are greeted with hardwood floors throughout & an open layout that is perfect for entertaining. You will love this Kitchen with granite counters, stainless appliances, gas cooktop, oversize island & designer backsplash. Oversize master features his & her vanities, shower & standalone tub. As you head upstairs there is a large gamerm, 3 spacious bedrms with walk in closets. Large backyard with covered patio allows you to design your own oasis. Loaded with upgrades: surround sound, energy star home, designer light fixtures & more! Great location mins from shopping, dining & highways.
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Neighborhood: Sparkman Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sparkman Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,020 |
| EXPENSES | Loan Payment | -$2,195 |
| Property Tax | -$1,498 | |
| Property Insurance | -$219 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$9
|
||
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.
$632,000
PROJECTED PRICE
$4,020
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.7% |
| 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
$173,230
LOAN DETAILS
$2,195
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $158,000 |
| Loan Amount | $474,000 |
4.25
YEARS SAVED
$26,798
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,020
LIST RENT -
$1.21
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
3630 Royal Lane Dallas, TX
- 4 beds 4 baths ∙ 3,311 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,311 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $4,020
- $1.21
PROPERTY LISTING DETAILS
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504130
Last Updated: 02/01/2021
