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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $159.50
- 4 Days on Market
- MLS # : 14467509
- Updated Date : 11/21/2020 at 10:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,536 sqft
- Baths : 2 full
Listing Agent
Jp And Associates Mckinney
Listing Agent's Description
MULTIPLE OFFERS RECEIVED, Best and Final due Saturday Nov. 21st @ 6PM!! One owner home in highly sought after Cross Oak Ranch. This lovely 3 bedroom, 2 bath home has a wonderful open floorplan that includes a large granite island and breakfast bar open to dining and living area. Lower kitchen cabinets have pull out drawers!! Perfect view of backyard from kitchen and living area. Large covered patio accessible from dining area. Master suite with garden tub, separate shower and linen closet is located away from other bedrooms. Home has beautiful drive up appeal with front entry garage and provides plenty of parking with its long drive-way. Refrigerator included!
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: Cross Oak Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cross Oak Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$904 |
| Property Tax | -$473 | |
| Property Insurance | -$116 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$24
|
||
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.
$244,990
PROJECTED PRICE
$1,600
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.3% |
| 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
$70,672
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,248 |
| Loan Amount | $183,743 |
4.25
YEARS SAVED
$11,721
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,605
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
405 Brahma Street Aubrey, TX 4
- 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,600
- $1.04
-
9109 Wayne Street Cross Roads, TX 1
- 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2014
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,550
- $0.98
-
701 Cheyenne Drive Aubrey, TX 2
- 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2015
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,600
- $1.06
-
9121 Eastwood Avenue Cross Roads, TX 3
- 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 2013
LEASED 04/07/20- Rent
- Rent Per SQFT
- $1,600
- $1.01
-
9225 Wayne Street Cross Roads, TX 5
- 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2014
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,650
- $1.13
PROPERTY LISTING DETAILS
Jp And Associates Mckinney
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14467509
Last Updated: 11/21/2020
