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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $159.20
- 1 Days on Market
- MLS # : 14489098
- Updated Date : 12/26/2020 at 23:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,652 sqft
- Baths : 2 full
Listing Agent
Bray Real Estate Group
Listing Agent's Description
This Spectacular Home on a Corner Lot has great curb appeal and a Covered Porch that sets the tone of this home. Inside you will be lead to a very specious open floor plan with an Island Kitchen, Extended Counter area, walk-in pantry and lots of cabinet space. Updated Blk SS Fingerprint resistant Appliances. Large Master with spacious bathroom and closet. Oversized backyard with an extended Patio is perfect for all of your entertaining needs. ROOF COMPLETELY REPLACED in 2020. Located in one of the most popular areas in North Texas and top school district. Minutes away from Joe Pool Lake. Refrigerator Negotiable! More pics coming soon.
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: Holland Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Holland Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$970 |
| Property Tax | -$623 | |
| Property Insurance | -$123 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$86
|
||
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.
$263,000
PROJECTED PRICE
$1,750
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.5% |
| 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
$75,445
LOAN DETAILS
$970
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,750 |
| Loan Amount | $197,250 |
2.92
YEARS SAVED
$7,299
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,764
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
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- Rent
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LEASED 04/07/20- Rent
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- $1,750
- $1.06
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LEASED 09/21/20- Rent
- Rent Per SQFT
- $1,750
- $1.05
-
4503 Ashbury Lane Mansfield, TX 4
- 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 2004
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LEASED 03/22/20- Rent
- Rent Per SQFT
- $1,850
- $1.03
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4609 Sailboat Drive Mansfield, TX 5
- 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 2009
![property image]()
LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,900
- $1.13
PROPERTY LISTING DETAILS
Bray Real Estate Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14489098
Last Updated: 12/26/2020
