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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $153.41
- 2 Days on Market
- MLS # : 14502500
- Updated Date : 01/30/2021 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,275 sqft
- Baths : 2 full , 1 half
Listing Agent
Easy Life Realty
Listing Agent's Description
Magnolia Village WELCOMES you to 4717 Dry Creek! This gorgeous home has a ton of beautiful qualities that you do not want to miss out on! To name a few, this amazing house has quartz countertops throughout, a tankless water heater, gorgeous vinyl plank flooring, shiplap accent walls, elegant lighting, farm apron kitchen sink, stainless steel appliances and a master bedroom that you will fall in love with. To top it all off there are lots of windows throughout the house to bring in the beautiful natural light AND a large fenced-in backyard for any kind of activities your heart could desire! Make your appointment today, get your pre-approval letter ready and write a contract.
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
Zip Code: 75092
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75092
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$1,212 |
| Property Tax | -$617 | |
| Property Insurance | -$151 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$76
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$349,000
PROJECTED PRICE
$2,170
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 2.50% |
| Appreciation Year (1-5) | 6.1% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.00% |
| 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
$94,485
LOAN DETAILS
$1,212
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
4.33
YEARS SAVED
$14,812
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,170
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,161
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
4717 Dry Creek Drive Sherman, TX 2
- 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,275 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,170
- $0.95
-
3710 Sumner Court Sherman, TX 1
- 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 2006
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,975
- $0.91
-
520 Appaloosa Lane Sherman, TX 3
- 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2016
LEASED 12/14/20- Rent
- Rent Per SQFT
- $2,400
- $0.97
-
4909 Ambergate Lane Sherman, TX 4
- 4 beds 4 baths ∙ 2,582 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,582 Sqft ∙ Built 2018
LEASED 05/14/20- Rent
- Rent Per SQFT
- $2,500
- $0.97
PROPERTY LISTING DETAILS
Easy Life Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14502500
Last Updated: 01/30/2021
