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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $175.75
- 6 Days on Market
- MLS # : 14473074
- Updated Date : 12/22/2020 at 02:55
CONSTRUCTION
- Beds : 3
- Floor Size : 1,707 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Allen
Listing Agent's Description
Fantastic one story home with two bedrooms, two baths, living room, formal dining, and a large study, located in North Dallas. Open floor plan offers laminate floors throughout. Kitchen showcases granite counter tops with oak cabinets and included fridge. Huge master bedroom with sitting area, and a spacious master bath with separate shower and bath. Programmable thermostat, new roof in 2016, and new AC in 2018. Conveniently located near schools, shopping, and major highways. Close to 190 and Dallas Tollway. Community pool and facilities. Front yard is maintained by HOA. Low maintenance backyard with patio.
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
Neighborhood: Far North Dallas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Far North Dallas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$593 | |
| Property Insurance | -$126 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$55
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$299,999
PROJECTED PRICE
$2,080
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $224,999 |
5.42
YEARS SAVED
$20,827
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$2,176
COMP ESTIMATED VALUE -
$1.28
COMP AVG. RENT PER SQFT
Comps Range
-
3939 Stockton Dallas, TX 3
- 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1996
- Rent
- Rent Per SQFT
- $2,080
- $1.22
-
18712 Voss Road Dallas, TX 1
- 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1986
LEASED 10/13/20- Rent
- Rent Per SQFT
- $1,895
- $1.25
-
4034 Midrose Trail Dallas, TX 2
- 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1997
LEASED 06/28/20- Rent
- Rent Per SQFT
- $2,000
- $1.26
-
18851 Park Grove Lane Dallas, TX 4
- 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1997
LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,100
- $1.25
-
18219 Muir Circle Dallas, TX 5
- 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1995
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,350
- $1.34
PROPERTY LISTING DETAILS
Keller Williams Realty Allen
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473074
Last Updated: 12/22/2020
