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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $102.89
- 6 Days on Market
- MLS # : 14476973
- Updated Date : 12/05/2020 at 08:15
CONSTRUCTION
- Beds : 4
- Floor Size : 3,352 sqft
- Baths : 2 full , 1 half
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Multiple Offers; Final offers due on Monday 12-7-2020 at 5 PM. Home site on .5 acre lot in a cul-de-sac! This gorgeous home has an extended covered patio. Seller paid additional for piers under the home when builit.Open concept, kitchen has large island and is open to the living room, off the kitchen nook is a large craft room or play room or school room. Huge master suite that has sitting area and master bath featuring separate vanities, jetted tub, and separate glass shower. Home has a private study, all bedrooms are very spacious with large closets. The second floor features a large living area or game room along with a media room and three bedrooms. Patio has 220 wiring great for hot tub.
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: Woodcreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodcreek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$589 | |
| Property Insurance | -$221 | |
| HOA | -$47 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$12
|
||
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.
$344,900
PROJECTED PRICE
$2,240
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.0% |
| 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
$97,149
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,225 |
| Loan Amount | $258,675 |
4.83
YEARS SAVED
$20,160
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$2,536
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
461 Price Fate, TX 2
- 4 beds 3 baths ∙ 3,352 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,352 Sqft ∙ Built 2008
![property image]()
- Rent
- Rent Per SQFT
- $2,240
- $0.67
-
601 Fireberry Drive Fate, TX 1
- 5 beds 4 baths ∙ 3,067 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,067 Sqft ∙ Built 2005
![property image]()
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,050
- $0.67
-
5629 Grove Cove Drive Mckinney, TX 3
- 4 beds 3 baths ∙ 3,048 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,048 Sqft ∙ Built 2016
![property image]()
LEASED 10/29/19- Rent
- Rent Per SQFT
- $2,350
- $0.77
-
101 Equestrian Trail Fate, TX 4
- 5 beds 4 baths ∙ 3,229 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,229 Sqft ∙ Built 2006
![property image]()
LEASED 11/25/20- Rent
- Rent Per SQFT
- $2,675
- $0.83
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14476973
Last Updated: 12/05/2020
