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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $162.62
- 3 Days on Market
- MLS # : 14479104
- Updated Date : 12/04/2020 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,868 sqft
- Baths : 4 full , 1 half
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
This meticulously maintained Darling home showcases a fabulous floor plan with exquisite attention to detail throughout! Enjoy hand-scraped hardwoods, plantation shutters, upgraded light fixtures and more! The kitchen boasts a beautiful custom wood hood, ss GE appliances and a breakfast nook with built-ins! The spacious family room anchored by a cozy fireplace is the perfect space for entertaining! Your master suite is sure to impress with dual vanities, soaking tub, separate shower and a large walk-in closet! A game room and a fully equipped media room upstairs completes the package! Relax outdoors and enjoy the stunning backyard oasis featuring a saltwater pool, covered patio and an outdoor grilling area!
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: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,340 |
| EXPENSES | Loan Payment | -$2,321 |
| Property Tax | -$1,229 | |
| Property Insurance | -$251 | |
| HOA | -$78 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$637
|
||
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.
$629,000
PROJECTED PRICE
$3,340
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.0% |
| 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
$172,435
LOAN DETAILS
$2,321
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $157,250 |
| Loan Amount | $471,750 |
0.5
YEARS SAVED
$1,446
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,340
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$3,352
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
4290 Fisher Road Prosper, TX 3
- 4 beds 5 baths ∙ 3,868 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,868 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $3,340
- $0.86
-
1700 Red Rose Trail Celina, TX 1
- 5 beds 5 baths ∙ 3,762 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,762 Sqft ∙ Built 2017
LEASED 05/06/20- Rent
- Rent Per SQFT
- $3,200
- $0.85
-
4271 Mesa Drive Prosper, TX 2
- 4 beds 5 baths ∙ 3,794 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,794 Sqft ∙ Built 2012
LEASED 06/04/20- Rent
- Rent Per SQFT
- $3,225
- $0.85
-
280 Yosemite Drive Prosper, TX 4
- 4 beds 5 baths ∙ 3,903 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,903 Sqft ∙ Built 2012
LEASED 06/06/19- Rent
- Rent Per SQFT
- $3,500
- $0.90
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479104
Last Updated: 12/04/2020
