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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $156.29
- 4 Days on Market
- MLS # : 14521703
- Updated Date : 02/25/2021 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,297 sqft
- Baths : 2 full
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
Entering through a charming courtyard, this 3 bed 2 bath supplies a fantastic floorplan. Living area with 11-foot ceilings and has an adjoining dining area with hardwood floors, a gas burning fireplace & plantation shutters. Kitchen includes double ovens, a breakfast island, & walk-in pantry. The primary bedroom is generously sized has an ensuite bath with separate tub and shower & large master closet. The two additional bedrooms are separated by a study with built ins. Top notch outdoor kitchen that includes a built-in grill, ice box, griddle, & bar top. Finished garage with tile floors, accent paint and plantation shutters. The neighborhood of Reata West has quiet streets and a gated entry.
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: 76126
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76126
* 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 | -$1,247 |
| Property Tax | -$774 | |
| Property Insurance | -$160 | |
| HOA | -$88 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$197
|
||
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.
$359,000
PROJECTED PRICE
$2,170
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 5.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$100,885
LOAN DETAILS
$1,247
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,750 |
| Loan Amount | $269,250 |
1.58
YEARS SAVED
$3,660
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 -
$0.94
LIST RENT PER SQFT
-
$2,182
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
4932 Ridge Circle Benbrook, TX 3
- 3 beds 2 baths ∙ 2,297 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,297 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $2,170
- $0.94
-
8464 Arroyo Lane Benbrook, TX 1
- 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 2006
LEASED 11/19/20- Rent
- Rent Per SQFT
- $2,000
- $0.87
-
313 Sterling Drive Benbrook, TX 2
- 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,210 Sqft ∙ Built 2007
LEASED 04/13/20- Rent
- Rent Per SQFT
- $2,138
- $0.97
-
5212 Estrella Lane Benbrook, TX 4
- 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 2004
LEASED 04/02/20- Rent
- Rent Per SQFT
- $2,195
- $1.01
PROPERTY LISTING DETAILS
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14521703
Last Updated: 02/25/2021
