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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $164.06
- 4 Days on Market
- MLS # : 14480476
- Updated Date : 12/03/2020 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,047 sqft
- Baths : 3 full
Listing Agent
Fathom Realty, Llc
Listing Agent's Description
Stunningly well maintained, two story home on cul-de-sac lot! Fabulous floor plan tied together by extensive hard-surface floors! From the bright kitchen to the family room featuring a cozy fireplace, staying connected with friends and family is easy & effortless. Gorgeous master suite features separate jetted tub & shower & plenty of storage with large walk in closet. Huge upstairs living space makes for a great game room or media room. Secondary bedroom w adjacent full bath downstairs. Spectacular backyard features lush landscaping & awesome play pool. Excellent location close to top rated schools, shopping, restaurants, easy access to major freeways, and just mins from DFW airport.
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Zip Code: 75019
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75019
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,820 |
| EXPENSES | Loan Payment | -$1,844 |
| Property Tax | -$1,119 | |
| Property Insurance | -$203 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$446
|
||
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.
$499,900
PROJECTED PRICE
$2,820
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.4% |
| 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
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
0.75
YEARS SAVED
$2,048
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,820
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,918
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
423 Spanish Moss Court Coppell, TX 3
- 4 beds 3 baths ∙ 3,047 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,047 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $2,820
- $0.93
-
454 Harris Street Coppell, TX 1
- 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 1990
LEASED 08/14/19- Rent
- Rent Per SQFT
- $2,500
- $0.90
-
130 Oakbend Drive Coppell, TX 2
- 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 1994
LEASED 07/27/20- Rent
- Rent Per SQFT
- $2,800
- $0.97
-
156 Bricknell Lane Coppell, TX 4
- 5 beds 3 baths ∙ 3,089 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,089 Sqft ∙ Built 1998
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,890
- $0.94
-
509 Halifax Lane Coppell, TX 5
- 4 beds 3 baths ∙ 3,228 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,228 Sqft ∙ Built 1990
LEASED 03/17/20- Rent
- Rent Per SQFT
- $3,300
- $1.02
PROPERTY LISTING DETAILS
Fathom Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14480476
Last Updated: 12/03/2020
