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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $176.65
- 2 Days on Market
- MLS # : 14519630
- Updated Date : 02/19/2021 at 23:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,919 sqft
- Baths : 2 full
Listing Agent
Keller Williams Frisco Stars
Listing Agent's Description
Wonderful West Frisco location for this charming 3 bed 2 bath home. Updated wood look tile throughout the entire home. New lights throughout reflect a rustic farmhouse feel complimented by neutral paint colors. The all white kitchen offers ample cabinet and counter space. Large dining and family room have an open concept with a gas fireplace. An oversized owner suite at the front of the home has an updated bath with walk in closet. Dedicated oversized laundry room. Comfortable secondary bedrooms with shared hall bath. Backyard is private with amazing 8ft board on board fence. Home has had previous foundation work, warranty is transferrable.
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: Kings Garden
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kings Garden
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,950 |
EXPENSES | Loan Payment | -$1,177 |
Property Tax | -$597 | |
Property Insurance | -$138 | |
HOA | -$38 | |
Property Management Fees | -$99 | |
CASH FLOW
-$100
|
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.
$339,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 9.3% |
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
$95,585
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $84,750 |
Loan Amount | $254,250 |
3.25
YEARS SAVED
$9,079
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,948
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Keller Williams Frisco Stars
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519630
Last Updated: 02/19/2021