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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $159.33
- 3 Days on Market
- MLS # : 14475025
- Updated Date : 11/20/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,044 sqft
- Baths : 2 full
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14475025 - Built by Kindred Homes - February completion! ~ The Bluebonnet Plan to see that it Showcases a Beautiful & Modern front door, Large and Amazing Open floor plan with numerous large windows to Maximize the Natural Lighting. You will enjoy the Granite Counter-tops and the Wood floors for durability and easy cleaning. This home has 4 bedrooms and 2 baths with a Study. The Master Suite has a High Ceiling and an Enormous Walk-in Master Closet it also backs to a wonderful Private back yard to enjoy your Extended Covered Patio. This home will go quickly so Come see this home Today!!!
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: 75454
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75454
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,202 |
| Property Tax | -$661 | |
| Property Insurance | -$145 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$129
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$325,675
PROJECTED PRICE
$2,010
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 3.00% |
| 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
$88,304
LOAN DETAILS
$1,202
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,419 |
| Loan Amount | $244,256 |
2.67
YEARS SAVED
$8,324
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,962
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
4020 Mockingbird Lane Melissa, TX 4
- 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,010
- $0.98
-
3814 Spring Run Lane Melissa, TX 1
- 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2014
LEASED 11/04/20- Rent
- Rent Per SQFT
- $1,650
- $0.88
-
4309 Cherry Lane Melissa, TX 2
- 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 2017
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,895
- $0.94
-
4222 Cherry Lane Melissa, TX 3
- 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,999 Sqft ∙ Built 2016
LEASED 07/17/20- Rent
- Rent Per SQFT
- $2,000
- $1.00
-
4201 Mimosa Drive Melissa, TX 5
- 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 2017
LEASED 10/02/20- Rent
- Rent Per SQFT
- $2,100
- $1.02
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475025
Last Updated: 11/20/2020
