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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $179.18
- 5 Days on Market
- MLS # : 14490273
- Updated Date : 12/23/2020 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 3,901 sqft
- Baths : 3 full , 1 half
Listing Agent
Allie Beth Allman & Assoc.
Listing Agent's Description
Beautiful Walnut Meadows gated community home situated at the end of a peaceful cul-de-sac. Beautiful custom home with Hardwoods, marble, and ceramic tile floors. Large newly updated kitchen, vaulted ceiling great room which flows to the outdoor patio and entertainment area. Large Master bedroom with fireplace down and updated Master Bath. 2 bedrooms with baths upstairs. A large Office downstairs could double as an exercise room. 3 car garage. This is a premier home in a popular North Dallas area close to top-rated Dallas private schools.
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
Neighborhood: Northwest Dallas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northwest Dallas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $4,520 |
| EXPENSES | Loan Payment | -$2,579 |
| Property Tax | -$1,795 | |
| Property Insurance | -$253 | |
| HOA | -$183 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$389
|
||
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.
$699,000
PROJECTED PRICE
$4,520
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$190,985
LOAN DETAILS
$2,579
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,750 |
| Loan Amount | $524,250 |
1.5
YEARS SAVED
$7,201
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$4,520
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$4,779
COMP ESTIMATED VALUE -
$1.23
COMP AVG. RENT PER SQFT
Comps Range
-
4105 Walnut Meadow Lane Dallas, TX 2
- 3 beds 4 baths ∙ 3,901 Sqft ∙ Built 2000 3 beds 4 baths ∙ 3,901 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $4,520
- $1.16
-
3859 Cortez Drive Dallas, TX 1
- 4 beds 5 baths ∙ 3,606 Sqft ∙ Built 2019 4 beds 5 baths ∙ 3,606 Sqft ∙ Built 2019
LEASED 11/15/19- Rent
- Rent Per SQFT
- $4,200
- $1.16
-
9107 Cochran Bluff Lane Dallas, TX 3
- 4 beds 4 baths ∙ 3,758 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,758 Sqft ∙ Built 2011
LEASED 02/05/20- Rent
- Rent Per SQFT
- $4,850
- $1.29
PROPERTY LISTING DETAILS
Allie Beth Allman & Assoc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490273
Last Updated: 12/23/2020
