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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $145.35
- 3 Days on Market
- MLS # : 14482934
- Updated Date : 12/18/2020 at 17:59
CONSTRUCTION
- Beds : 3
- Floor Size : 1,665 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
FABULOUS starter home- Great location, fantastic open floor plan with split bedroom arrangement, and no neighbors behind you! Extra-large 70' lot, HUGE open kitchen-dining-living room space, customized (extended by 3'!) garage with built-ins, new roof and exterior paint in 2018, water heater in 2016, and new dishwasher in Nov 2020! Covered porch in the front with a large covered patio in the back with an extended open patio for your grill. The neighborhood has its own pool, and low, low HOA dues! Come and get it!
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: Reatta Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Reatta Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$893 |
| Property Tax | -$504 | |
| Property Insurance | -$123 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$45
|
||
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.
$242,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.5% |
| 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
$69,880
LOAN DETAILS
$893
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,500 |
| Loan Amount | $181,500 |
5.5
YEARS SAVED
$16,981
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,690
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
443 Chisholm Trail Justin, TX 2
- 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,690
- $1.02
-
226 Hilltop Drive Justin, TX 1
- 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,585 Sqft ∙ Built 2004
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,575
- $0.99
-
450 Chisholm Trail Justin, TX 3
- 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2004
LEASED 11/30/20- Rent
- Rent Per SQFT
- $1,695
- $1.06
-
458 Chisholm Trail Justin, TX 4
- 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2003
LEASED 08/18/20- Rent
- Rent Per SQFT
- $1,700
- $0.95
-
229 Cedar Crest Drive Justin, TX 5
- 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2006
LEASED 12/07/20- Rent
- Rent Per SQFT
- $1,750
- $1.06
PROPERTY LISTING DETAILS
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14482934
Last Updated: 12/18/2020
