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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $164.26
- 4 Days on Market
- MLS # : 14507318
- Updated Date : 01/29/2021 at 13:00
CONSTRUCTION
- Beds : 5
- Floor Size : 4,566 sqft
- Baths : 3 full , 1 half
Listing Agent
Mersal Realty
Listing Agent's Description
Spectacular home in Marshall Ridge, only 400 ft. from award winning elementary school. Unique floor plan for this corner lot Meritage Home. *SEE uploaded list of upgrades* 22' Ceiling entry with hand scraped flooring, upgraded iron spiral staircase, extended metal roof and patios , double iron gate with stone columns, custom built Koi pond with waterfall, added elevation with Austin stone, 10' ceilings, 8' solid wood doors, Iron entry door, custom built-ins, landscaping, 33 trees, spacious grounds with waterfalls, Wet bar with built in fridge, Chefs kitchen with upgraded appliances, motorized blinds in office and game room. This 5 bdrm was converted to a 4+ suite, easy to return to 5 bdrm! MUST SEE!!
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: 76248
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76248
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,640 |
| EXPENSES | Loan Payment | -$2,605 |
| Property Tax | -$1,574 | |
| Property Insurance | -$291 | |
| HOA | -$72 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,000
|
||
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.
$750,000
PROJECTED PRICE
$3,640
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.5% |
| 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
$204,500
LOAN DETAILS
$2,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
0.08
YEARS SAVED
$38
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,640
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$3,288
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
501 Royal Glade Drive Keller, TX 2
- 5 beds 4 baths ∙ 4,566 Sqft ∙ Built 2009 5 beds 4 baths ∙ 4,566 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $3,640
- $0.80
-
5525 Smokethorn Drive Fort Worth, TX 1
- 5 beds 4 baths ∙ 4,222 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,222 Sqft ∙ Built 2004
LEASED 04/17/20- Rent
- Rent Per SQFT
- $2,700
- $0.64
-
2028 Sterling Trace Drive Keller, TX 3
- 5 beds 4 baths ∙ 4,640 Sqft ∙ Built 2010 5 beds 4 baths ∙ 4,640 Sqft ∙ Built 2010
LEASED 01/18/20- Rent
- Rent Per SQFT
- $3,700
- $0.80
PROPERTY LISTING DETAILS
Mersal Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14507318
Last Updated: 01/29/2021
