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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $151.43
- 3 Days on Market
- MLS # : 14509222
- Updated Date : 01/29/2021 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,701 sqft
- Baths : 2 full , 1 half
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Striking Lock & Leave in newest phase of Lost Creek! Absolutely stunning custom 1 story boasts low maint yard, great layout & quality finishes.Soaring ceilings,walls of windows & hand-scraped hardwoods grace sought after split arrangement. Striking fixtures,floor to ceiling fireplace & tray ceilings accent this showplace.Gourmet kitchen offers knotty alder cabinetry, huge island & Maestro Quartz counters all overlooking bright breakfast & living area. Cute Mudroom joins garage. Owners suite offers huge walk in-seasonal racks & utility room access. South wing offers 3 beds,full bath plus half bath for guests.Upgrades:double-triple crown moldings, plantation shutters, travertine, art niches,outdoor living & more!
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
Neighborhood: Lost Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lost Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,580 |
| EXPENSES | Loan Payment | -$1,421 |
| Property Tax | -$938 | |
| Property Insurance | -$183 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$69
|
||
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.
$409,000
PROJECTED PRICE
$2,580
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.8% |
| 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
$114,135
LOAN DETAILS
$1,421
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,250 |
| Loan Amount | $306,750 |
3.42
YEARS SAVED
$12,332
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,580
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,917
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
4525 Knoll Ridge Drive Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $2,580
- $0.96
-
4528 Fair Creek Terrace Fort Worth, TX 2
- 3 beds 2 baths ∙ 2,501 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,501 Sqft ∙ Built 2003
LEASED 07/08/20- Rent
- Rent Per SQFT
- $2,700
- $1.08
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509222
Last Updated: 01/29/2021
