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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $160.49
- 1 Days on Market
- MLS # : 14532467
- Updated Date : 03/13/2021 at 13:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,835 sqft
- Baths : 3 full , 1 half
Listing Agent
Tdrealty
Listing Agent's Description
How about Moving to a Gated Community Home with 4 bedroom 3.5 Bath 2 Car Garage Amazing Well Organized Open Concept of Kitchen, Dining and Living Area with Gas Fire Place. Formal Dining, Nook plus Eat-in Kitchen with Granite Counter Tops. Upstairs Game Room or Media Room. Gas Cooktop Stainless Appliances Walk-in Pantry. Master on Main Floor PLUS good size 2nd Master Upstairs. Engineer Wood floors & tile on the mail floor. Carpet is only a few weeks old. Enjoy the Community Pool This Summer maintained by HOA. Over size Back Yard & Covered Patio. Very close proximity to Lots of Dining and Shopping area, only 15 miles from DFW International Airport. Walking distance to Baylon Nelson High School.
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: 76262
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76262
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,950 |
| EXPENSES | Loan Payment | -$1,580 |
| Property Tax | -$793 | |
| Property Insurance | -$191 | |
| HOA | -$79 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$208
|
||
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.
$455,000
PROJECTED PRICE
$2,950
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.4% |
| 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
$126,325
LOAN DETAILS
$1,580
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $113,750 |
| Loan Amount | $341,250 |
7
YEARS SAVED
$38,626
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,950
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$2,934
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
401 Chestnut Lane Roanoke, TX 4
- 4 beds 4 baths ∙ 2,835 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,835 Sqft ∙ Built 2015
![property image]()
- Rent
- Rent Per SQFT
- $2,950
- $1.04
-
2541 Rose Bay Court Trophy Club, TX 1
- 3 beds 4 baths ∙ 2,601 Sqft ∙ Built 2012 3 beds 4 baths ∙ 2,601 Sqft ∙ Built 2012
![property image]()
LEASED 10/28/19- Rent
- Rent Per SQFT
- $2,700
- $1.04
-
1398 Caspian Drive Roanoke, TX 2
- 4 beds 4 baths ∙ 2,893 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,893 Sqft ∙ Built 2014
![property image]()
LEASED 01/02/21- Rent
- Rent Per SQFT
- $2,800
- $0.97
-
421 Middleton Drive Roanoke, TX 3
- 5 beds 4 baths ∙ 2,836 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,836 Sqft ∙ Built 2015
![property image]()
LEASED 10/23/20- Rent
- Rent Per SQFT
- $2,950
- $1.04
-
2623 Kingsford Lane Trophy Club, TX 5
- 3 beds 2 baths ∙ 2,922 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,922 Sqft ∙ Built 2011
![property image]()
LEASED 05/31/20- Rent
- Rent Per SQFT
- $3,199
- $1.09
PROPERTY LISTING DETAILS
Tdrealty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14532467
Last Updated: 03/13/2021
