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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $124.96
- 4 Days on Market
- MLS # : 14479524
- Updated Date : 12/03/2020 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,873 sqft
- Baths : 3 full
Listing Agent
Century 21 Judge Fite Co.
Listing Agent's Description
Beautiful open concept home with plenty of room for everyone! This home offers soft, natural light throughout surrounded by gorgeous hardwood floors, granite countertops, a huge kitchen island, double ovens, a gas stove, and a butler's pantry in the kitchen. Home has 3 full baths, a formal dining area, an office, and 3 separate living areas. The master suite is the perfect retreat including a full en suite bath. You will love spending time in the spacious backyard and entertaining on the extended, tiled patio. The shed is the perfect place to store all of your outdoor tools. The three car garage also allows for even more storage if needed. Home also includes a tankless water heater. (Virtual tour provided)
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Zip Code: 76065
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76065
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,440 |
| EXPENSES | Loan Payment | -$1,325 |
| Property Tax | -$783 | |
| Property Insurance | -$193 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$15
|
||
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.
$359,000
PROJECTED PRICE
$2,440
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| 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
$100,885
LOAN DETAILS
$1,325
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,750 |
| Loan Amount | $269,250 |
4.58
YEARS SAVED
$19,939
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,440
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,435
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
510 Dover Drive Midlothian, TX 5
- 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,873 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,440
- $0.85
-
3454 Charing Cross Road Midlothian, TX 1
- 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2003
LEASED 07/22/19- Rent
- Rent Per SQFT
- $2,245
- $0.87
-
3622 Hershal Drive Midlothian, TX 2
- 4 beds 3 baths ∙ 2,933 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,933 Sqft ∙ Built 2007
LEASED 04/24/20- Rent
- Rent Per SQFT
- $2,295
- $0.78
-
1106 Pheasant Drive Midlothian, TX 3
- 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2002
LEASED 09/16/20- Rent
- Rent Per SQFT
- $2,295
- $0.88
-
1526 Summer Lane Midlothian, TX 4
- 4 beds 3 baths ∙ 2,761 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,761 Sqft ∙ Built 2016
LEASED 07/17/19- Rent
- Rent Per SQFT
- $2,375
- $0.86
PROPERTY LISTING DETAILS
Century 21 Judge Fite Co.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14479524
Last Updated: 12/03/2020
