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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $152.18
- 2 Days on Market
- MLS # : 14340088
- Updated Date : 11/14/2020 at 12:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,739 sqft
- Baths : 3 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
GIGANTIC corner lot in a golfer's paradise!! Two patios yield the perfect entertainment areas. Top rated schools, private guest suite & bath down, large master, granite, enormous dining room perfect for the upcoming holidays, custom wood shutters, hand scraped hardwood floors & an elegant wrought iron gated wine closet. This neighborhood is a mix of European-inspired homes on a private Lake Lewisville peninsula with a resort-style pool, splash park, scenic walking and biking trails, access to fishing, nature preserves and several scheduled events for all ages. You can also enjoy dining at the club house for a convenient night out! Looking for the perfect house, lot, neighborhood & location....you found it!!!!
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
Zip Code: 75056
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75056
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
Sorry, we do not have sufficient school data for this neighborhood.
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,530 |
| EXPENSES | Loan Payment | -$2,099 |
| Property Tax | -$1,088 | |
| Property Insurance | -$243 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,100
|
||
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.
$569,000
PROJECTED PRICE
$2,530
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.8% |
| 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
$156,535
LOAN DETAILS
$2,099
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $142,250 |
| Loan Amount | $426,750 |
-0.17
YEARS SAVED
-$34
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,530
LIST RENT -
$0.68
LIST RENT PER SQFT
-
$2,935
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
3749 Birmington The Colony, TX 1
- 4 beds 4 baths ∙ 3,739 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,739 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,530
- $0.68
-
1027 Crystal Lake Drive Frisco, TX 2
- 4 beds 3 baths ∙ 3,613 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,613 Sqft ∙ Built 2006
LEASED 11/29/19- Rent
- Rent Per SQFT
- $2,750
- $0.76
-
810 Highland Hills Drive Frisco, TX 3
- 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 2008
LEASED 09/06/20- Rent
- Rent Per SQFT
- $2,800
- $0.78
-
918 Highland Hills Drive Frisco, TX 4
- 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 2008
LEASED 07/03/20- Rent
- Rent Per SQFT
- $2,995
- $0.83
-
864 Highland Hills Drive Frisco, TX 5
- 5 beds 4 baths ∙ 3,896 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,896 Sqft ∙ Built 2008
LEASED 08/24/20- Rent
- Rent Per SQFT
- $3,000
- $0.77
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14340088
Last Updated: 11/14/2020
