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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $127.84
- 3 Days on Market
- MLS # : 14522513
- Updated Date : 02/26/2021 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,425 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass Re Texas, Llc.
Listing Agent's Description
Open House February, 27th from 12pm-2pm. BEAUTIFUL 4 bedroom 2 and a half bath home in award winning Keller ISD. Home features GORGEOUS laminate wood flooring, BRAND NEW carpet, stainless steel appliances, and game room. The master suite offers double vanities, separate tub and shower, and is conveniently located on the main floor. This home is a MUST SEE before it’s too late! Neighborhood has community pool and park. Great location! Close to shopping, entertainment, and dining. Easy access to Highway 377, 170, and 114.
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: Rolling Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rolling Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,077 |
| Property Tax | -$711 | |
| Property Insurance | -$167 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$65
|
||
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.
$310,000
PROJECTED PRICE
$2,020
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.3% |
| 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
$87,900
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
3.17
YEARS SAVED
$8,275
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,019
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
4709 Sleepy Meadows Drive Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,425 Sqft ∙ Built 2011
- Rent
- Rent Per SQFT
- $2,020
- $0.83
-
4517 Grassy Glen Drive Fort Worth, TX 1
- 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005
LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,895
- $0.79
-
4628 Sleepy Meadows Drive Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,371 Sqft ∙ Built 2012
LEASED 09/21/20- Rent
- Rent Per SQFT
- $2,025
- $0.85
-
13128 Larks View Point Fort Worth, TX 4
- 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2011
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,099
- $0.84
-
13245 Palancar Drive Fort Worth, TX 5
- 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,515 Sqft ∙ Built 2014
LEASED 06/02/20- Rent
- Rent Per SQFT
- $2,150
- $0.85
PROPERTY LISTING DETAILS
Compass Re Texas, Llc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14522513
Last Updated: 02/26/2021
