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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $119.36
- 5 Days on Market
- MLS # : 14522892
- Updated Date : 03/01/2021 at 10:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,885 sqft
- Baths : 2 full
Listing Agent
Texas Urban Living Realty
Listing Agent's Description
Adorable, Maintained Home Located in Heartland Trails. Boasts of Rich laminate wood flooring in the entry, extending into the Study, Family Rm, Kitchen & Master. Open floor plan is perfect for family gatherings and entertaining. Eat-in kitchen with Porcelain Farm House sink, Oil Rubbed Bronze Faucet, Tons of cabinets and counter space. Master with updated bath with shower and walk-in closet! Heartland’s amenities include, 400 acres of parks-picnic areas, 35-acre stocked lake, hike-bike trails. Heartland Park offers 3 pools, bball court, soccer fields. Amenity center features two 30 ft. waterslides, 3 pools, a 5000sf event center, 6000sf fitness center, splash pad, playground, outdoor game rm, and snack bar.
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Neighborhood: Heartland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Heartland
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$782 |
| Property Tax | -$628 | |
| Property Insurance | -$136 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$22
|
||
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.
$224,999
PROJECTED PRICE
$1,700
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.7% |
| 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
$65,375
LOAN DETAILS
$782
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $56,250 |
| Loan Amount | $168,749 |
4.33
YEARS SAVED
$9,465
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,720
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
4001 Liberty Trail Heartland, TX 5
- 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,700
- $0.90
-
1510 Warrington Forney, TX 1
- 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2002
![property image]()
LEASED 06/02/20- Rent
- Rent Per SQFT
- $1,625
- $0.91
-
4016 Red Rock Drive Heartland, TX 2
- 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2006
![property image]()
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,650
- $0.88
-
2029 River Heartland, TX 3
- 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2009
![property image]()
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,675
- $0.90
-
4022 Heavenly Way Heartland, TX 4
- 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,770 Sqft ∙ Built 2007
![property image]()
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,695
- $0.96
PROPERTY LISTING DETAILS
Texas Urban Living Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14522892
Last Updated: 03/01/2021
