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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $129.57
- 3 Days on Market
- MLS # : 14469956
- Updated Date : 11/27/2020 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,469 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
Exceptionally maintained and priced to sell! This like new, energy efficient 4 bdrm home has a well-designed open floorplan and inviting front porch. The main level has large kitchen with granite CT, undermount sink, SS appl, gas cooktop which opens to living area with FP; a private master retreat has separate tub and shower with large w-in closet; study with glass doors. The second floor has three spacious bedrooms with generous closets, a well-sized gameroom, plus a walk-in attic. Additional features include: 16-seer HVAC, extended covered patio, radiant barrier, solid mahogany front door with glass, crown molding, wrought iron balusters, large backyard + oversized garage. Community has pool & walking trails.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Forest Meadow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Forest Meadow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,270 |
| EXPENSES | Loan Payment | -$1,180 |
| Property Tax | -$636 | |
| Property Insurance | -$170 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$145
|
||
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.
$319,900
PROJECTED PRICE
$2,270
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.8% |
| 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
$90,524
LOAN DETAILS
$1,180
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
6.92
YEARS SAVED
$31,105
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,270
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,031
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
4005 Hialeah Drive Denton, TX 5
- 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,270
- $0.92
-
2800 Desert Drive Denton, TX 1
- 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2006
LEASED 03/26/20- Rent
- Rent Per SQFT
- $1,795
- $0.77
-
3202 Clydesdale Drive Denton, TX 2
- 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2003
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,925
- $0.83
-
3426 Clydesdale Drive Denton, TX 3
- 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2003
LEASED 09/11/20- Rent
- Rent Per SQFT
- $2,000
- $0.86
-
2121 Corsair Lane Denton, TX 4
- 3 beds 3 baths ∙ 2,515 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,515 Sqft ∙ Built 2016
LEASED 01/27/20- Rent
- Rent Per SQFT
- $2,095
- $0.83
PROPERTY LISTING DETAILS
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14469956
Last Updated: 11/27/2020
