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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $154.35
- 2 Days on Market
- MLS # : 14488750
- Updated Date : 12/19/2020 at 20:45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,678 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Dfw Preferred
Listing Agent's Description
A rare find in this spacious and newly remodeled 3 bedroom garden home tucked away in a quiet neighborhood. A perfect combination of affordability, space, style, convenient location and highly sought after Marcus High School. The interior features a large living room with full height stone fireplace, 1st floor Master Suite, new laminate wood flooring, updated baths, appliances and fixtures. Roof shingles and water heater replaced in 2020. Easy access to parks, trails, Parker Square, schools and shopping. No HOA!
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Timber Creek Garden Homes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Timber Creek Garden Homes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$956 |
| Property Tax | -$447 | |
| Property Insurance | -$124 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$144
|
||
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.
$259,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.6% |
| 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
$74,385
LOAN DETAILS
$956
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,750 |
| Loan Amount | $194,250 |
7.58
YEARS SAVED
$29,521
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,787
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
4169 1 Place Lane Flower Mound, TX 4
- 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,678 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,770
- $1.05
-
4313 Bluestem Street Flower Mound, TX 1
- 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1982
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,700
- $1.04
-
4205 Gayle Court Flower Mound, TX 2
- 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1983
LEASED 02/17/20- Rent
- Rent Per SQFT
- $1,750
- $1.08
-
1101 Paluxy Court Flower Mound, TX 3
- 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1978 4 beds 3 baths ∙ 1,640 Sqft ∙ Built 1978
LEASED 01/27/20- Rent
- Rent Per SQFT
- $1,765
- $1.08
-
1409 Timber Creek Road Flower Mound, TX 5
- 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,695 Sqft ∙ Built 1996
LEASED 06/17/20- Rent
- Rent Per SQFT
- $1,800
- $1.06
PROPERTY LISTING DETAILS
Keller Williams Dfw Preferred
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488750
Last Updated: 12/19/2020
