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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $141.73
- 4 Days on Market
- MLS # : 14483964
- Updated Date : 12/12/2020 at 19:39
CONSTRUCTION
- Beds : 4
- Floor Size : 1,838 sqft
- Baths : 2 full , 2 half
Listing Agent
Wendell Miller Realty
Listing Agent's Description
Coveted Serenade plan with no neighbors behind! 4 bedroom one story home with smart home features for remote learning or work from home. California flat island in this open concept kitchen with a gorgeous, modern kitchen with granite countertops, and white cabinets with white subway tile backsplash. Wood looking rigid core plank level 3 vinyl flooring in a neutral brown. Double sinks in the owner's suite with quartz countertops and enlarged shower with linen closet. Move-In Ready in January. Showing from Woodcreek Community in Fate. See Showing instructions & Driving Directions.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 75087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,930 |
| EXPENSES | Loan Payment | -$961 |
| Property Tax | -$470 | |
| Property Insurance | -$133 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$228
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$260,499
PROJECTED PRICE
$1,930
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 3.00% |
| 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
$71,032
LOAN DETAILS
$961
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,125 |
| Loan Amount | $195,374 |
9.5
YEARS SAVED
$42,440
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,866
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
445 Petty Way Fate, TX 4
- 4 beds 4 baths ∙ 1,838 Sqft ∙ Built 2021 4 beds 4 baths ∙ 1,838 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $1,930
- $1.05
-
2130 Slow Stream Drive Royse City, TX 1
- 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 2018
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.99
-
104 Waxberry Drive Royse City, TX 2
- 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,751 Sqft ∙ Built 2019
![property image]()
LEASED 07/16/20- Rent
- Rent Per SQFT
- $1,800
- $1.03
-
2525 Sabine Circle Royse City, TX 3
- 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 2016
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,850
- $1.00
-
411 Burr Lane Fate, TX 5
- 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2020 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2020
![property image]()
LEASED 11/30/20- Rent
- Rent Per SQFT
- $2,100
- $1.04
PROPERTY LISTING DETAILS
Wendell Miller Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483964
Last Updated: 12/12/2020
