Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
3917 Spencer Lane 
Heartland, TX
75126
3 Beds 2 Baths 1,562 sqft
Built 2020
INVESTimate
$256,093
List Price
$69,865
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $163.95
- 2 Days on Market
- MLS # : 14420934
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,562 sqft
- Baths : 2 full
Listing Agent
Highland Homes Realty
Listing Agent's Description
MLS# 14420934 - Built by Highland Homes - January completion! ~ You will love this charming one-story home featuring an open concept floor plan. The large windows provide wonderful natural lighting throughout. Upgraded kitchen features huge granite island with subway tile back splash and roomy pantry. The master suite offers a large walk-in closet and garden tub with separate shower, dual sinks and vanity.
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: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$945 |
| Property Tax | -$587 | |
| Property Insurance | -$117 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$226
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$256,093
PROJECTED PRICE
$1,560
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.76% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$69,865
LOAN DETAILS
$945
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,023 |
| Loan Amount | $192,070 |
0.92
YEARS SAVED
$1,190
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,558
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
3917 Spencer Lane Heartland, TX 4
- 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,560
- $1.00
-
2004 Rushing Creek Drive Heartland, TX 1
- 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 2006
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,450
- $1.03
-
2007 Stonewood Heartland, TX 2
- 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2015
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,500
- $0.99
-
2009 Woodhurst Trail Heartland, TX 3
- 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 2006
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,525
- $0.95
-
2006 Rushing Creek Drive Heartland, TX 5
- 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 2006
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,595
- $1.02
PROPERTY LISTING DETAILS
Highland Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420934
Last Updated: 08/25/2020
