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 2014
- Price/Sqft : $140.00
- 2 Days on Market
- MLS # : 14509641
- Updated Date : 01/30/2021 at 14:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,659 sqft
- Baths : 2 full , 1 half
Listing Agent
Ready Real Estate
Listing Agent's Description
A REWARDING ESCAPE YOU DESERVE TO CALL HOME this 2,659 SqFT, 4 bed 2.1 bath has everything you could ever want. Boasting in array of sleek finishes with a thoughtful open floor plan. Perfect home for entertaining including luxurious living space wpeaceful fire place GAME ROOM & MEDIA ROOM. Stunning Kitchen with Granite, 42 upper Maple Cabinets. Complete with large beautiful fenced in back yard to relax & play. Buyer to verify any & all information.
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: 75166
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75166
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,293 |
| Property Tax | -$715 | |
| Property Insurance | -$181 | |
| HOA | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$584
|
||
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.
$372,260
PROJECTED PRICE
$1,770
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.4% |
| 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
$104,399
LOAN DETAILS
$1,293
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,065 |
| Loan Amount | $279,195 |
-0.08
YEARS SAVED
$1
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,906
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
479 Coolidge Lane Lavon, TX 1
- 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,770
- $0.67
-
521 Coolidge Lane Lavon, TX 2
- 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2006
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,795
- $0.68
-
848 Bowie Drive Lavon, TX 3
- 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2006
LEASED 12/12/19- Rent
- Rent Per SQFT
- $1,895
- $0.71
-
204 San Jacinto Lavon, TX 4
- 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006
LEASED 09/26/19- Rent
- Rent Per SQFT
- $1,995
- $0.76
PROPERTY LISTING DETAILS
Ready Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509641
Last Updated: 01/30/2021
