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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $181.38
- 29 Days on Market
- MLS # : 14481969
- Updated Date : 01/08/2021 at 11:51
CONSTRUCTION
- Beds : 3
- Floor Size : 2,149 sqft
- Baths : 2 full , 1 half
Listing Agent
Dfw Realty & Mortgage Group
Listing Agent's Description
Welcome to your new La Casa! Single Story with 3 bedrooms and 2.5 baths with a spanish flare! Backs to a walking trail with private gate. Highly rated schools that you'll love to brag about. Circular drive and oversized garage. Fresh paint. New carpet. All bedrooms on the north wing seperated from living room and kitchen by a sliding door. Hardwood floors and Plantation Shutters adds character. Wood beams in Living room and Dining area. Kitchen boasts abundant cabinets with lazy susan and sliding shelves. Built in Jenn Air grill. Tray ceiling in Master. Cedar closet in hall. Sink in uitility room. Smart app for Front Door, Sprinkler, Doorbell and Thermostats. Bring your creative touches. Priced accordingly.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Woodland Hills Colleyville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodland Hills Colleyville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$1,354 |
| Property Tax | -$766 | |
| Property Insurance | -$151 | |
| HOA | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$56
|
||
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.
$389,786
PROJECTED PRICE
$2,490
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.0% |
| 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
$109,043
LOAN DETAILS
$1,354
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,447 |
| Loan Amount | $292,340 |
5.25
YEARS SAVED
$21,397
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,490
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$2,181
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
3902 Pembrooke Parkway Colleyville, TX 4
- 3 beds 3 baths ∙ 2,149 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,149 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $2,490
- $1.16
-
3005 Pecan Circle Bedford, TX 1
- 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1977
LEASED 10/18/19- Rent
- Rent Per SQFT
- $1,900
- $0.94
-
3029 Pecan Circle Bedford, TX 2
- 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1977
LEASED 11/22/20- Rent
- Rent Per SQFT
- $1,950
- $1.05
-
3024 Meandering Way Bedford, TX 3
- 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 1977
LEASED 03/10/20- Rent
- Rent Per SQFT
- $2,000
- $0.97
-
4009 Bowden Hill Lane Colleyville, TX 5
- 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,270 Sqft ∙ Built 1985
LEASED 09/16/19- Rent
- Rent Per SQFT
- $2,495
- $1.10
PROPERTY LISTING DETAILS
Dfw Realty & Mortgage Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481969
Last Updated: 01/08/2021
