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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $177.05
- 4 Days on Market
- MLS # : 14516242
- Updated Date : 02/12/2021 at 11:19
CONSTRUCTION
- Beds : 4
- Floor Size : 2,344 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
**Multiple Offers: Final and Best Due by Sat.2-13 at 3:00pm. Sellers will review all offers at 5:00pm Sat. 2-13.** Located in sought after Wellington Estates, beautiful 1-Story home has an open concept layout with plenty of natural light and room for entertaining. This 4 Bedroom, 2.5 Bath home has been freshly painted inside and out. Carpet and Hardwoods replaced. Spacious foyer opens to formal living and dining room. There are custom art niches in hallway leading to the family room and spacious kitchen with an island and plenty of storage. Family room is large and has the beautiful fireplace. Large Master suite with his& her vanities, garden tub with separate shower.
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: Wellington Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wellington Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,300 |
| EXPENSES | Loan Payment | -$1,441 |
| Property Tax | -$717 | |
| Property Insurance | -$163 | |
| HOA | -$68 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$188
|
||
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.
$415,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 4.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$115,725
LOAN DETAILS
$1,441
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
2.25
YEARS SAVED
$6,625
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,491
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
4200 Sharondale Drive Flower Mound, TX 1
- 4 beds 2 baths ∙ 2,344 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,344 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,300
- $0.98
-
3529 Veronica Drive Flower Mound, TX 2
- 4 beds 2 baths ∙ 2,453 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,453 Sqft ∙ Built 2004
LEASED 07/25/20- Rent
- Rent Per SQFT
- $2,500
- $1.02
-
3509 Sutters Way Flower Mound, TX 3
- 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,468 Sqft ∙ Built 2001
LEASED 11/07/20- Rent
- Rent Per SQFT
- $2,595
- $1.05
-
4513 Sandra Lynn Drive Flower Mound, TX 4
- 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2005
LEASED 12/08/20- Rent
- Rent Per SQFT
- $2,600
- $1.07
-
4020 Sharondale Drive Flower Mound, TX 5
- 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,423 Sqft ∙ Built 2000
LEASED 08/06/20- Rent
- Rent Per SQFT
- $2,695
- $1.11
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14516242
Last Updated: 02/12/2021
