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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $119.03
- 2 Days on Market
- MLS # : 14490939
- Updated Date : 01/02/2021 at 11:51
CONSTRUCTION
- Beds : 5
- Floor Size : 2,932 sqft
- Baths : 2 full , 1 half
Listing Agent
Real T Team
Listing Agent's Description
Beautiful family friendly open concept 2932 SF 5 bedroom, 2.5 bath home with wood floors, granite counters, stainless appliances, inlaid tile designs, vessel sink, window coverings, designer lighting, new paint, & more! Enjoy the functionality of the separate office, dining room, and grand kitchen which opens to the breakfast area and living room overlooking the spacious back patio & treed yard. Spacious 1st floor master bedroom ensuite has double sinks, separate tub & shower and large walk in closet. 2nd floor has 4 bedrooms and an oversized game room for fun entertaining! Desirable neighborhood is walking distance to Denton's Katy Trail & easy access to I-35, neighborhood park, pool, & trails nearby.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: The Preserve at Pecan Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Preserve at Pecan Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,160 |
EXPENSES | Loan Payment | -$1,288 |
Property Tax | -$694 | |
Property Insurance | -$197 | |
HOA | -$20 | |
Property Management Fees | -$99 | |
CASH FLOW
-$137
|
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.
$349,000
PROJECTED PRICE
$2,160
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 5.9% |
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
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $87,250 |
Loan Amount | $261,750 |
2.58
YEARS SAVED
$8,827
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,170
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Real T Team
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490939
Last Updated: 01/02/2021