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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $155.39
- 3 Days on Market
- MLS # : 14508264
- Updated Date : 01/29/2021 at 16:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,930 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Multiple offers received. Please submit highest and best by 5:00 Sunday Jan 31. This one owner property features a grand entrance, beautiful wood floors through living and kitchen areas, very high ceilings and tray inset in the entry way. Arches lead you into most living areas. Master bedroom has upgraded bay windows. Flex room is perfect for an at-home office or second living space. Covered porch provides a relaxing way to enjoy the outdoors. This home was built with many upgrades. Walking distance to shopping, eating, and health care. Neighbors make this a true community by supporting and caring for each other. MISD schools. This won't last long so plan to see it today!
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: Lawson Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lawson Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$654 | |
| Property Insurance | -$139 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$93
|
||
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.
$299,900
PROJECTED PRICE
$1,870
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| 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
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
2.75
YEARS SAVED
$6,737
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,896
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
457 Rockaway Drive Midlothian, TX 3
- 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,930 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,870
- $0.97
-
506 Reindeer Drive Midlothian, TX 1
- 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2007
LEASED 05/14/20- Rent
- Rent Per SQFT
- $1,795
- $0.98
-
1802 Wood Duck Court Midlothian, TX 2
- 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 2005
LEASED 12/10/20- Rent
- Rent Per SQFT
- $1,850
- $0.93
-
1703 Ross Drive Midlothian, TX 4
- 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 1999
LEASED 05/04/20- Rent
- Rent Per SQFT
- $2,000
- $1.05
-
3202 Meadow Ridge Drive Midlothian, TX 5
- 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,167 Sqft ∙ Built 2014
LEASED 06/04/20- Rent
- Rent Per SQFT
- $2,095
- $0.97
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14508264
Last Updated: 01/29/2021
