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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $108.34
- 2 Days on Market
- MLS # : 14488610
- Updated Date : 12/18/2020 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,100 sqft
- Baths : 3 full , 1 half
Listing Agent
Meritage Homes Realty
Listing Agent's Description
Brand NEW energy-efficient home ready March 2021! Try a new recipe in the Bexar’s impressive kitchen, complete with a useful island and large pantry. Dusk cabinets with white-toned quartz countertops, beige tone EVP flooring with dark gray tweed carpet in our Balanced package. Surrounded by wooded open space and creeks, Brookside amenities include community pool, playground and creekside walking trails. Known for their energy-efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 75407
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75407
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,070 |
| EXPENSES | Loan Payment | -$1,239 |
| Property Tax | -$700 | |
| Property Insurance | -$206 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$208
|
||
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.
$335,853
PROJECTED PRICE
$2,070
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 3.00% |
| 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
$91,001
LOAN DETAILS
$1,239
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,963 |
| Loan Amount | $251,890 |
1.58
YEARS SAVED
$4,074
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,070
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$2,124
COMP ESTIMATED VALUE -
$0.69
COMP AVG. RENT PER SQFT
Comps Range
-
499 Crystal Clear Lane Princeton, TX 1
- 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,100 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $2,070
- $0.67
-
2072 Meadow Park Drive Princeton, TX 2
- 5 beds 4 baths ∙ 3,393 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,393 Sqft ∙ Built 2008
![property image]()
LEASED 07/23/20- Rent
- Rent Per SQFT
- $2,195
- $0.65
-
636 Maple Leaf Way Princeton, TX 3
- 5 beds 3 baths ∙ 3,060 Sqft ∙ Built 2020 5 beds 3 baths ∙ 3,060 Sqft ∙ Built 2020
![property image]()
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,199
- $0.72
PROPERTY LISTING DETAILS
Meritage Homes Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488610
Last Updated: 12/18/2020
