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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $159.03
- 1 Days on Market
- MLS # : 14520736
- Updated Date : 03/21/2021 at 00:40
CONSTRUCTION
- Beds : 4
- Floor Size : 1,572 sqft
- Baths : 2 full
Listing Agent
Cadena Real Estate Services
Listing Agent's Description
Large corner lot. Non-smokers. The neighborhood has fiber wiring for the internet and the house has been wired in the living room, master, and front bedroom. Includes nest thermostat and ring doorbell. Continuous and professional pest and lawn service.
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
Zip Code: 76259
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76259
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$486 | |
| Property Insurance | -$118 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$34
|
||
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.
$250,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.7% |
| 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
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
5.25
YEARS SAVED
$13,812
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,611
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
401 Calder Lane Ponder, TX 2
- 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,572 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $1,620
- $1.03
-
514 Del Mar Drive Ponder, TX 1
- 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2006
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,550
- $0.95
-
404 Gulf Stream Ponder, TX 3
- 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 2016
![property image]()
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,625
- $1.04
-
410 Calder Lane Ponder, TX 4
- 4 beds 2 baths ∙ 1,561 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,561 Sqft ∙ Built 2016
![property image]()
LEASED 11/07/20- Rent
- Rent Per SQFT
- $1,700
- $1.09
-
247 Saratoga Drive Ponder, TX 5
- 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2017
![property image]()
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,800
- $1.02
PROPERTY LISTING DETAILS
Cadena Real Estate Services
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14520736
Last Updated: 03/21/2021
