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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $138.53
- 1 Days on Market
- MLS # : 14488830
- Updated Date : 12/20/2020 at 00:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,068 sqft
- Baths : 3 full
Listing Agent
Re/max Dfw Associates
- # 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
Zip Code: 76226
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76226
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,900 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$1,000 | |
| Property Insurance | -$204 | |
| HOA | -$92 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$63
|
||
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.
$425,000
PROJECTED PRICE
$2,900
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.6% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
3.5
YEARS SAVED
$15,977
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,900
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$3,160
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
400 Sunflower Avenue Argyle, TX 1
- 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2015
![property image]()
- Rent
- Rent Per SQFT
- $2,900
- $0.95
-
1425 6th Street Argyle, TX 2
- 4 beds 4 baths ∙ 3,093 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,093 Sqft ∙ Built 2013
![property image]()
LEASED 07/29/19- Rent
- Rent Per SQFT
- $3,200
- $1.03
-
220 Sunrise Drive Argyle, TX 3
- 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 2015
![property image]()
LEASED 07/09/20- Rent
- Rent Per SQFT
- $3,200
- $1.03
-
224 Lilypad Bend Argyle, TX 4
- 5 beds 4 baths ∙ 3,240 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,240 Sqft ∙ Built 2013
![property image]()
LEASED 08/13/20- Rent
- Rent Per SQFT
- $3,275
- $1.01
-
1201 9th Street Argyle, TX 5
- 4 beds 4 baths ∙ 3,284 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,284 Sqft ∙ Built 2017
![property image]()
LEASED 12/05/20- Rent
- Rent Per SQFT
- $3,450
- $1.05
PROPERTY LISTING DETAILS
Re/max Dfw Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488830
Last Updated: 12/20/2020
