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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $166.94
- 4 Days on Market
- MLS # : 14512649
- Updated Date : 02/06/2021 at 11:59
CONSTRUCTION
- Beds : 5
- Floor Size : 2,995 sqft
- Baths : 3 full
Listing Agent
Re/max Trinity
Listing Agent's Description
*Multiple offers received. Sellers request offers by deadline Monday Feb. 8th at 5pm. Sellers will a make decision by the end of day Monday Feb. 8th.* You will fall in Love as soon as you enter this stunning, meticulously maintained, upscale Saddlebrook home! Remarkable layout featuring private guest wing with full bath, cozy parlor in the heart of home, wainscoting and rich paneling in living and dining rooms, fireplace in each living, spacious warm secluded master suite. Upgrades include windows(2016), carpet(2017),front door(2016), smart garage door opener, Nest thermostat, Toto toilets, remote control gas log, media 3.1 system.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Saddlebrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Saddlebrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,040 |
| EXPENSES | Loan Payment | -$1,737 |
| Property Tax | -$963 | |
| Property Insurance | -$200 | |
| HOA | -$27 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$14
|
||
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.
$500,000
PROJECTED PRICE
$3,040
PROJECTED RENT
0.61%
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
$138,250
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
4.5
YEARS SAVED
$23,482
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,040
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$3,152
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
4303 Green Meadow Street Colleyville, TX 4
- 5 beds 3 baths ∙ 2,995 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,995 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $3,040
- $1.02
-
4100 Savannah Court Colleyville, TX 1
- 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 1984
LEASED 03/31/20- Rent
- Rent Per SQFT
- $2,950
- $0.93
-
118 W Greenbriar Lane Colleyville, TX 2
- 5 beds 3 baths ∙ 2,680 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,680 Sqft ∙ Built 1997
LEASED 12/03/20- Rent
- Rent Per SQFT
- $2,950
- $1.10
-
316 Springhill Drive Hurst, TX 3
- 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 1990
LEASED 01/18/20- Rent
- Rent Per SQFT
- $2,995
- $1.04
-
3111 River Bend Drive Colleyville, TX 5
- 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2000
LEASED 07/22/20- Rent
- Rent Per SQFT
- $3,300
- $1.14
PROPERTY LISTING DETAILS
Re/max Trinity
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14512649
Last Updated: 02/06/2021
