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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $136.93
- 2 Days on Market
- MLS # : 14472977
- Updated Date : 11/28/2020 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,023 sqft
- Baths : 2 full
Listing Agent
The Michael Group Real Estate
Listing Agent's Description
Spacious home in a fabulous neighborhood complete with parks, sidewalks, walking trails & large swimming pool. Home features a great layout with split bedrooms and open kitchen and living area. Formal dining can be used for office, second living area or playroom for the kiddos. Cozy breakfast nook in kitchen with bench seat window. Spacious kitchen with walk in pantry, granite countertops, gas range and island. Master bedroom is large enough for your biggest furniture with a roomy master bath, separate shower, two sinks and walk in closet. Backyard is complete with plush grass, storage bldg, extended back porch with pergola and wood privacy fence. Backs to open greenbelt. Home is also for lease.
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: Mistletoe Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mistletoe Hill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,022 |
| Property Tax | -$692 | |
| Property Insurance | -$144 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$142
|
||
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.
$277,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 5.4% |
| 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
$79,155
LOAN DETAILS
$1,022
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,250 |
| Loan Amount | $207,750 |
1.92
YEARS SAVED
$4,319
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,649
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
441 Peach Lane Burleson, TX 5
- 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,023 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,840
- $0.91
-
333 Daisy Lane Burleson, TX 1
- 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 2004
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,550
- $0.80
-
1420 Windy Meadows Drive Burleson, TX 2
- 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 2004
LEASED 11/04/20- Rent
- Rent Per SQFT
- $1,595
- $0.80
-
937 Mesa Vista Drive Crowley, TX 3
- 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,130 Sqft ∙ Built 2006
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,645
- $0.77
-
1321 Highcrest Drive Burleson, TX 4
- 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 2004
LEASED 01/30/20- Rent
- Rent Per SQFT
- $1,750
- $0.89
PROPERTY LISTING DETAILS
The Michael Group Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14472977
Last Updated: 11/28/2020
