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 2009
- Price/Sqft : $142.97
- 3 Days on Market
- MLS # : 14518844
- Updated Date : 02/19/2021 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,294 sqft
- Baths : 2 full
Listing Agent
Jp And Associates Arlington
Listing Agent's Description
This well kept home is conveniently located with easy access to Highway 67 and I-35. Nestled in a quiet neighborhood, this move in ready home is just waiting for its new owners. Could be perfect for first time buyers or even a great investment opportunity. The open kitchen and living room are spacious with high ceilings and a wood burning fireplace for those chilly Texas days. New interior paint and no shoes ever allowed on carpet. The oversized yard has endless possibilities. Extra long extended driveway, 2 car garage and no HOA, could be perfect for storing your boat, RV, or extra vehicles.
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Zip Code: 76009
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76009
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$643 |
| Property Tax | -$424 | |
| Property Insurance | -$102 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$22
|
||
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.
$185,000
PROJECTED PRICE
$1,290
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$54,775
LOAN DETAILS
$643
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
4.67
YEARS SAVED
$8,895
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,404
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
507 N Spears Street Alvarado, TX 1
- 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,294 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $1,290
- $1.00
-
194 S Preston Drive Alvarado, TX 2
- 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2019
LEASED 11/14/19- Rent
- Rent Per SQFT
- $1,350
- $1.11
-
113 Cherokee Trail Alvarado, TX 3
- 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 2001
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,350
- $1.02
-
108 Janis Street Alvarado, TX 4
- 3 beds 2 baths ∙ 1,219 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,219 Sqft ∙ Built 1997
LEASED 11/03/20- Rent
- Rent Per SQFT
- $1,350
- $1.11
-
209 Apache Trail Alvarado, TX 5
- 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 2000
LEASED 01/09/21- Rent
- Rent Per SQFT
- $1,475
- $1.10
PROPERTY LISTING DETAILS
Jp And Associates Arlington
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14518844
Last Updated: 02/19/2021
