Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $144.43
- 3 Days on Market
- MLS # : 14480430
- Updated Date : 12/04/2020 at 13:00
CONSTRUCTION
- Beds : 5
- Floor Size : 4,137 sqft
- Baths : 4 full
Listing Agent
Ebby Halliday, Realtors/fm
Listing Agent's Description
THIS IS IT! ~ Rare opportunity in Flower Mound on almost half an acre! Homes are seldom for sale in this exclusive neighborhood. ~ Idyllic setting, surrounded by trees. Cul de sac lot. ~ Complete with swimming pool with expansive yard left over for entertaining & play. ~ LOADED with windows & light! ~ Plenty of rooms for everyone, including a BONUS room currently used for exercise and extra office. ~ Downstairs master suite features his and her separate closets. ~ Entertains beautifully inside & out. ~ Three car garage. ~ Great schools! ~ This home is EXCEPTIONALLY clean!
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Neighborhood: Oak Bend Est
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oak Bend Est
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,720 |
| EXPENSES | Loan Payment | -$2,205 |
| Property Tax | -$1,032 | |
| Property Insurance | -$266 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$81
|
||
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.
$597,500
PROJECTED PRICE
$3,720
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.8% |
| 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
$164,088
LOAN DETAILS
$2,205
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $149,375 |
| Loan Amount | $448,125 |
5.42
YEARS SAVED
$42,206
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,720
LIST RENT -
$0.9
LIST RENT PER SQFT
-
COMP ESTIMATED VALUE -
COMP AVG. RENT PER SQFT
Comps Range
-
4609 Oak Springs Drive Flower Mound, TX
- 5 beds 4 baths ∙ 4,137 Sqft ∙ Built 1995 5 beds 4 baths ∙ 4,137 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $3,720
- $0.90
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors/fm
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14480430
Last Updated: 12/04/2020
