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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $102.99
- 2 Days on Market
- MLS # : 14471444
- Updated Date : 11/14/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,913 sqft
- Baths : 3 full
Listing Agent
Presented By
Listing Agent's Description
Great floorplan Drees custom in pretty, established part of Woodcreek. Walk to elementary school, Rockwall district. 3 beds down with flex room or children's retreat. Game room, full bath and 4th bed upstairs. Great open floor plan downstairs with large kitchen opening to spacious family room. Nice study with french doors, large dining room. Nice features throughout, including ethernet drop in each room, wired for surround sound. Fabulous oversized back patio with pretty cedar cover. Storage shed. Great subdivision: community pool, park, trails, club house, pond and easy access to I-30 and Bush Turnpike. Nice fenced yard, large lot with some space between neighbors.
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: Woodcreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodcreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,980 |
EXPENSES | Loan Payment | -$1,107 |
Property Tax | -$670 | |
Property Insurance | -$196 | |
HOA | -$45 | |
Property Management Fees | -$99 | |
CASH FLOW
-$137
|
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.
$300,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 4.0% |
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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $75,000 |
Loan Amount | $225,000 |
2.25
YEARS SAVED
$5,698
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,980
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$2,163
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Presented By
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14471444
Last Updated: 11/14/2020