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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $196.13
- 2 Days on Market
- MLS # : 14518745
- Updated Date : 02/20/2021 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 3,513 sqft
- Baths : 2 full , 1 half
Listing Agent
Prestige Real Estate
Listing Agent's Description
Beautifully updated family home on premium corner lot across from a peaceful park. Spacious, open floor plan has 3 large living areas, split bedrooms, a private home office, and covered outside entertaining areas. Kitchen is equipped with a 5 burner gas cook top, oversized sink, island, wine refrigerator, walk in pantry, and butlers pantry with plenty of storage! This charming gated community has landscaped walking trails and water features. Close to shopping, highway access, and walking distance to all schools!
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: Southeast Colleyville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southeast Colleyville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,570 |
| EXPENSES | Loan Payment | -$2,393 |
| Property Tax | -$1,327 | |
| Property Insurance | -$230 | |
| HOA | -$154 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$634
|
||
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.
$689,000
PROJECTED PRICE
$3,570
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 3.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$188,335
LOAN DETAILS
$2,393
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $172,250 |
| Loan Amount | $516,750 |
0.5
YEARS SAVED
$1,312
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,570
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$3,255
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
3740 Shumard Oak Lane Colleyville, TX 3
- 3 beds 3 baths ∙ 3,513 Sqft ∙ Built 2010 3 beds 3 baths ∙ 3,513 Sqft ∙ Built 2010
- Rent
- Rent Per SQFT
- $3,570
- $1.02
-
3817 Bentley Drive Bedford, TX 1
- 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2015
LEASED 11/08/20- Rent
- Rent Per SQFT
- $2,950
- $0.90
-
2205 Eagles Nest Drive Euless, TX 2
- 4 beds 3 baths ∙ 3,574 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,574 Sqft ∙ Built 2004
LEASED 10/11/20- Rent
- Rent Per SQFT
- $3,050
- $0.85
-
4004 Harvestwood Court Grapevine, TX 4
- 4 beds 3 baths ∙ 3,771 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,771 Sqft ∙ Built 2000
LEASED 08/31/20- Rent
- Rent Per SQFT
- $3,895
- $1.03
PROPERTY LISTING DETAILS
Prestige Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518745
Last Updated: 02/20/2021
