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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $145.31
- 4 Days on Market
- MLS # : 14470292
- Updated Date : 11/12/2020 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,768 sqft
- Baths : 2 full
Listing Agent
Lgi Homes
Listing Agent's Description
The beautiful Ontario plan is a new one story home that features an open floor plan, 3 bedrooms and 2 full baths complete with thousands of dollars in upgrades including stainless-steel, energy-efficient kitchen appliances, spacious granite countertops, designer 42 inch upper kitchen cabinets, brushed nickel hardware and an attached two-car garage with a door opener installed. The Ontario showcases a master suite complete with a walk-in closet, as well as a fully fenced backyard, covered patio and front yard landscaping.
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: 76036
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76036
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$948 |
| Property Tax | -$637 | |
| Property Insurance | -$129 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$203
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$256,900
PROJECTED PRICE
$1,640
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 3.00% |
| 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
$70,079
LOAN DETAILS
$948
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,225 |
| Loan Amount | $192,675 |
1.17
YEARS SAVED
$1,607
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,644
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
4112 Bixby Creek Court Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,640
- $0.93
-
4133 Great Belt Drive Crowley, TX 1
- 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2017
LEASED 01/08/20- Rent
- Rent Per SQFT
- $1,450
- $0.92
-
1253 Cottonwood Drive Crowley, TX 2
- 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,775 Sqft ∙ Built 2007
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,625
- $0.92
-
13608 Founders Lane Crowley, TX 4
- 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2017
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,650
- $0.95
-
13612 Helix Bridge Way Crowley, TX 5
- 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 2016
LEASED 10/22/20- Rent
- Rent Per SQFT
- $1,795
- $0.93
PROPERTY LISTING DETAILS
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14470292
Last Updated: 11/12/2020
