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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $174.87
- 3 Days on Market
- MLS # : 14464597
- Updated Date : 11/13/2020 at 12:00
CONSTRUCTION
- Beds : 4
- Floor Size : 4,003 sqft
- Baths : 3 full , 2 half
Listing Agent
Keller Williams Prosper Celina
Listing Agent's Description
MAJESTIC AND ONE OF A KIND HUNTINGTON HOME! This exquisite 4 BR home is nestled in Whitley Place, one of the most sought-after and prestigious Prosper ISD communities. Elegance and comfort abound w open floor plan and architectural significance throughout incl dramatic stairway, soaring ceilings, crown molding and beams. Light and bright kitchen is equipped and designed for entertaining and daily living w such upgrades as Wolf stove, pot filler, and abundance of white cabinetry. Plus, plantation shutters, gorgeous hardwood flooring, and built-ins. Gracious living continues outdoors w porte cochere offering a huge area for social distancing gatherings, large backyard, covered and bonus patios! No MUD or PID
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: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,470 |
| EXPENSES | Loan Payment | -$2,583 |
| Property Tax | -$1,384 | |
| Property Insurance | -$258 | |
| HOA | -$78 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$932
|
||
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.
$699,990
PROJECTED PRICE
$3,470
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.0% |
| 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
$191,247
LOAN DETAILS
$2,583
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,998 |
| Loan Amount | $524,993 |
0.17
YEARS SAVED
$119
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,470
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$3,483
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
4080 Teton Place Prosper, TX 3
- 4 beds 5 baths ∙ 4,003 Sqft ∙ Built 2012 4 beds 5 baths ∙ 4,003 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $3,470
- $0.87
-
1513 Winter Haven Lane Mckinney, TX 1
- 4 beds 4 baths ∙ 3,661 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,661 Sqft ∙ Built 2008
LEASED 06/20/19- Rent
- Rent Per SQFT
- $3,175
- $0.87
-
4271 Mesa Drive Prosper, TX 2
- 4 beds 5 baths ∙ 3,794 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,794 Sqft ∙ Built 2012
LEASED 06/04/20- Rent
- Rent Per SQFT
- $3,225
- $0.85
-
280 Yosemite Drive Prosper, TX 4
- 4 beds 5 baths ∙ 3,903 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,903 Sqft ∙ Built 2012
LEASED 06/06/19- Rent
- Rent Per SQFT
- $3,500
- $0.90
-
2300 State Boulevard Mckinney, TX 5
- 4 beds 4 baths ∙ 4,067 Sqft ∙ Built 2008 4 beds 4 baths ∙ 4,067 Sqft ∙ Built 2008
LEASED 08/29/19- Rent
- Rent Per SQFT
- $3,500
- $0.86
PROPERTY LISTING DETAILS
Keller Williams Prosper Celina
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14464597
Last Updated: 11/13/2020
