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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $142.86
- 2 Days on Market
- MLS # : 14518491
- Updated Date : 02/13/2021 at 18:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,163 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Dpr
Listing Agent's Description
Come see this sleek and stylish barely-lived in DR Horton home! Located in fast growing Melissa this desirable subdivision has easy access to 121 & 75. Enjoy the model home floor plan with open concept living. Extensive low-maintenance tile flooring is featured along with carpet in the bedrooms. The living room has a gas log cast stone FP and overlooks the yard. Stunning black cabinetry highlights the kitchen with granite counters, stone BS, large island with seating & SS Frigidaire appliances including a gas cook-top. The primary BR & bath offer dual sinks, sep shower with glass tile accent & shelving in the closet for linens. Spacious & versatile secondary bedrooms. And the splash pad is just down the street!
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: 75454
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75454
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,073 |
| Property Tax | -$627 | |
| Property Insurance | -$152 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$160
|
||
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.
$309,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.2% |
| 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
$87,635
LOAN DETAILS
$1,073
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,250 |
| Loan Amount | $231,750 |
1.92
YEARS SAVED
$3,958
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,968
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
3808 Kendall Melissa, TX 1
- 5 beds 2 baths ∙ 2,163 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,163 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,830
- $0.85
-
3511 Founders Way Melissa, TX 2
- 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,142 Sqft ∙ Built 2015
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,850
- $0.86
-
3510 Van Zandt Road Melissa, TX 3
- 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2016
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,850
- $0.91
-
1301 Motley Drive Melissa, TX 4
- 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 2016
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,850
- $0.90
-
3805 Brazos Street Melissa, TX 5
- 5 beds 2 baths ∙ 2,163 Sqft ∙ Built 2018 5 beds 2 baths ∙ 2,163 Sqft ∙ Built 2018
LEASED 01/10/21- Rent
- Rent Per SQFT
- $2,095
- $0.97
PROPERTY LISTING DETAILS
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518491
Last Updated: 02/13/2021
