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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $138.40
- 3 Days on Market
- MLS # : 14472865
- Updated Date : 12/12/2020 at 20:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,698 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty-fm
Listing Agent's Description
You will love the country style of living but still close to the city with this 3BR 2B home! Built in 2016 this home comes decked out with tile flooring & granite counter tops and all SS appliances in the open kitchen plus a walk in pantry! The living room is spacious and perfect for your oversized furniture! The master BR is abundant and bright and you will love the master bath complete with ample storage and a walk in closet! The remaining 2 BR are spacious and the 2nd full bath is so quaint! As you walk out the back door you are welcomed by a nice sized covered patio and wooden fences seclude you - perfect for summer days of grilling & winter nights with friends! New architectural Roof being installed.
SEE MORE
- . 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)
- 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)
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 | $1,660 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$457 | |
| Property Insurance | -$125 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$91
|
||
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.
$235,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.71%
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
$68,025
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
6.58
YEARS SAVED
$21,520
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,740
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
406 Calder Lane Ponder, TX 3
- 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $1,660
- $0.98
-
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
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,550
- $0.95
-
404 Gulf Stream Ponder, TX 2
- 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,567 Sqft ∙ Built 2016
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
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
LEASED 08/28/20- Rent
- Rent Per SQFT
- $1,800
- $1.02
PROPERTY LISTING DETAILS
Keller Williams Realty-fm
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14472865
Last Updated: 12/12/2020
