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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $154.32
- 3 Days on Market
- MLS # : 14495587
- Updated Date : 01/08/2021 at 03:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,620 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
RARE FIND! NO HOA! 3 BED, 2 BATH, 2 CAR RANCH STYLE HOME ON PRIVATE FENCED IN CORNER LOT WITH SHOP & CARPORT IS READY FOR YOUR FAMILY TO ENJOY! FEATURES INCLUDE REAR ENTRY GARAGE WITH ELECTRIC GATE, CIRCLE DRIVE, FORMAL DINING RM, EAT IN KITCHEN, FOUR SEASONS RM, STONE FIREPLACE, SPACIOUS LIVING RM, $15K SAFE STEP HEATED & JETTED TUB IN MASTER BATH, WALK IN CLOSETS IN ALL BEDROOMS, BUILT INS & CLOSET SPACE GALORE. BACKS UP TO ACREAGE FOR MAXIMUM PRIVACY. HOME HAS BEEN SMOKED IN.
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: Camelot Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Camelot Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$546 | |
| Property Insurance | -$121 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$86
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$249,997
PROJECTED PRICE
$1,720
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| 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
$71,999
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,499 |
| Loan Amount | $187,498 |
6.17
YEARS SAVED
$17,634
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,798
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
4200 Sir Lancelot Circle Midlothian, TX 2
- 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1980
![property image]()
- Rent
- Rent Per SQFT
- $1,720
- $1.06
-
1121 High Point Drive Midlothian, TX 1
- 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 2000
![property image]()
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,695
- $1.13
-
1421 Tahoe Lane Midlothian, TX 3
- 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1980
![property image]()
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,795
- $1.09
PROPERTY LISTING DETAILS
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14495587
Last Updated: 01/08/2021
