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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $144.55
- 3 Days on Market
- MLS # : 14481426
- Updated Date : 12/04/2020 at 11:50
CONSTRUCTION
- Beds : 4
- Floor Size : 2,388 sqft
- Baths : 2 full , 1 half
Listing Agent
Legacy Realty Group
Listing Agent's Description
NEW JOHN HOUSTON CUSTOM HOME IN THE HAVEN AT NORTH GROVE IN WAXAHACHIE, TX. This beautiful home features a beautiful stone-accented elevation, large covered patio, and spacious master suite. The living and kitchen-nook area features an open floor concept that is great for entertaining. This home also includes engineered wood flooring, custom painted cabinets to ceiling, custom wood hood, 8-foot interior doors, upgraded countertops, tile and more. READY IN FEBRUARY!
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: Twin Creeks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Twin Creeks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$1,274 |
| Property Tax | -$749 | |
| Property Insurance | -$165 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$30
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$345,176
PROJECTED PRICE
$2,290
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 3.6% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 7.37% |
| 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
$93,472
LOAN DETAILS
$1,274
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,294 |
| Loan Amount | $258,882 |
3.92
YEARS SAVED
$15,183
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,287
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
469 Alamosa Drive Waxahachie, TX 4
- 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,388 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,290
- $0.96
-
1413 Snowberry Drive Allen, TX 1
- 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 2006
LEASED 02/26/20- Rent
- Rent Per SQFT
- $2,100
- $0.95
-
1428 Tudor Drive Allen, TX 2
- 4 beds 2 baths ∙ 2,216 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,216 Sqft ∙ Built 2002
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.95
-
1439 Kingsley Drive Allen, TX 3
- 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 2002
LEASED 10/23/20- Rent
- Rent Per SQFT
- $2,100
- $0.94
-
1429 Lampasas Drive Allen, TX 5
- 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2007
LEASED 01/30/20- Rent
- Rent Per SQFT
- $2,490
- $0.99
PROPERTY LISTING DETAILS
Legacy Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481426
Last Updated: 12/04/2020
