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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $151.05
- 3 Days on Market
- MLS # : 14472770
- Updated Date : 11/20/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,913 sqft
- Baths : 3 full , 1 half
Listing Agent
Jp And Associates Southlake
Listing Agent's Description
OPEN HOUSE, Saturday, November 21st 1-3. STUNNING home in a quaint, gated community in Roanoke, TX. The open-concept floor plan combined with low-maintenance, turf-grass backyard provides for an easy lifestyle. Kitchen offers over-sized island, SS appliances with gas cooktop, sliding cabinet organizers and generous pantry. Spacious primary bedroom with luxurious bath is the perfect retreat. Flex room downstairs features exterior french doors and is perfect as a study, dining room or cocktail room. Large game room, 3 bedrooms and 2 full baths are upstairs. Home has many upgrades including window shutters, mosquito mist system, custom closet and garage storage. Easy access to schools, trails, shopping & dining.
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
Zip Code: 76262
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76262
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,870 |
| EXPENSES | Loan Payment | -$1,623 |
| Property Tax | -$767 | |
| Property Insurance | -$196 | |
| HOA | -$79 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$106
|
||
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.
$440,000
PROJECTED PRICE
$2,870
PROJECTED RENT
0.65%
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
$122,350
LOAN DETAILS
$1,623
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $110,000 |
| Loan Amount | $330,000 |
5.83
YEARS SAVED
$34,781
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,870
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$3,015
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
444 Chestnut Lane Roanoke, TX 3
- 4 beds 4 baths ∙ 2,913 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,913 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $2,870
- $0.99
-
2541 Rose Bay Court Trophy Club, TX 1
- 3 beds 4 baths ∙ 2,601 Sqft ∙ Built 2012 3 beds 4 baths ∙ 2,601 Sqft ∙ Built 2012
LEASED 10/28/19- Rent
- Rent Per SQFT
- $2,700
- $1.04
-
1398 Caspian Drive Roanoke, TX 2
- 4 beds 4 baths ∙ 2,893 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,893 Sqft ∙ Built 2014
LEASED 10/27/20- Rent
- Rent Per SQFT
- $2,800
- $0.97
-
421 Middleton Drive Roanoke, TX 4
- 5 beds 4 baths ∙ 2,836 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,836 Sqft ∙ Built 2015
LEASED 10/23/20- Rent
- Rent Per SQFT
- $2,950
- $1.04
-
2623 Kingsford Lane Trophy Club, TX 5
- 3 beds 2 baths ∙ 2,922 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,922 Sqft ∙ Built 2011
LEASED 05/31/20- Rent
- Rent Per SQFT
- $3,199
- $1.09
PROPERTY LISTING DETAILS
Jp And Associates Southlake
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14472770
Last Updated: 11/20/2020
