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INVESTimate
$575,000
List Price
$158,125
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2015
- Price/Sqft : $242.92
- 2 Days on Market
- MLS # : 14420955
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,367 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
Country living close to city amenities! Just a short drive to downtown Fort Worth, DFW International Airport, Lockheed Martin, Roanoke (the unique dining capital of TX), 4 miles from recreation at Eagle Mountain Lake, & just minutes to major shopping & restaurants! This estate sits on 2.49 acres & is loaded with extras! If you like wine you will LOVE the private vineyard with Sangiovese grapevines! Not only does this home offer a pristine interior, 3 car garage, water softener, and an ideal set up for entertaining or just relaxing in privacy... but the location is absolutely PERFECT! And if that's not enough to convince you, the saltwater pool just might do it!
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: 76179
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76179
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,640 |
EXPENSES | Loan Payment | -$2,122 |
Property Tax | -$1,399 | |
Property Insurance | -$164 | |
Property Management Fees | -$99 | |
CASH FLOW
-$1,143
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$575,000
PROJECTED PRICE
$2,640
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.78% |
Appreciation Year (1-5) | 7.48% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.39% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$158,125
LOAN DETAILS
$2,122
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $143,750 |
Loan Amount | $431,250 |
-0.17
YEARS SAVED
-$47
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,640
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,639
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420955
Last Updated: 08/25/2020