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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $144.64
- 2 Days on Market
- MLS # : 14516229
- Updated Date : 02/20/2021 at 11:27
CONSTRUCTION
- Beds : 4
- Floor Size : 1,763 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Dpr
Listing Agent's Description
You'll love this immaculately maintained four bedroom brick Wyndam home that has a 21X17 living room with a corner wood-burning fireplace & large windows for viewing the private backyard. The amazing kitchen with rich Knotty Alder cabinets, 7X3 granite island with plenty of room for breakfast stools, is open to the family room & dining area overlooking the back yard.The private owners' retreat offers an ensuite bathroom with garden tub, separate shower, double sinks in the vanity & 9X9 walk-in closet. Three additional bedrooms offer plenty of space for a study-office space with a closet & two more spacious bedrooms for guests or family members. Extra tall ceilings & rounded corners add flair to this fine home.
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: Northpointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northpointe
* 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 | -$886 |
| Property Tax | -$507 | |
| Property Insurance | -$129 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$179
|
||
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.
$255,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$73,325
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
7.83
YEARS SAVED
$26,065
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 -
$1.02
LIST RENT PER SQFT
-
$1,737
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
3700 Cotten Drive Denton, TX 5
- 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $1,800
- $1.02
-
3516 Chapel Hill Lane Denton, TX 1
- 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2007
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,550
- $0.91
-
1405 Eufemia Drive Denton, TX 2
- 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2004
LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,595
- $1.01
-
3708 Beatriz Drive Denton, TX 3
- 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 2007
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,650
- $0.95
-
905 Meadowedge Lane Denton, TX 4
- 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,632 Sqft ∙ Built 2012
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,750
- $1.07
PROPERTY LISTING DETAILS
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14516229
Last Updated: 02/20/2021
