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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $121.72
- 5 Days on Market
- MLS # : 14477158
- Updated Date : 11/27/2020 at 11:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,487 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty Frisco
Listing Agent's Description
HOME FOR THE HOLIDAYS ~ this one story, brick home, corner lot is going to go fast. Fantastic, convenient location, minutes to access the several highways. Spacious living room with cozy fireplace and extra seating for the winter months. Kitchen is ready for your special touches to get ready for your holiday. Owners retreat with dual sinks, jetted tub, walk in closet. Master bedroom split from the secondary bedrooms, also with good size closets. Great big, large lot with tons of backyard play space, big enough for a pool & play equipment, Shed is included. Convenient to walk to schools. Be sure to check the additional documents needed to make an offer. Please send POF or lender letter with all offers.
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
Neighborhood: Richland Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Richland Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$668 |
| Property Tax | -$397 | |
| Property Insurance | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$193
|
||
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.
$181,000
PROJECTED PRICE
$1,470
PROJECTED RENT
0.81%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.4% |
| 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
$53,715
LOAN DETAILS
$668
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $45,250 |
| Loan Amount | $135,750 |
9.5
YEARS SAVED
$27,961
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,470
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,476
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
5100 Gentling Place North Richland Hills, TX 2
- 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,470
- $0.99
-
5516 Topper Court North Richland Hills, TX 1
- 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1970
LEASED 10/25/20- Rent
- Rent Per SQFT
- $1,400
- $0.99
-
5408 Greenwood Way North Richland Hills, TX 3
- 4 beds 2 baths ∙ 1,506 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,506 Sqft ∙ Built 1965
LEASED 01/20/20- Rent
- Rent Per SQFT
- $1,550
- $1.03
-
7521 Janetta Drive North Richland Hills, TX 4
- 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 1982
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,550
- $0.94
-
5517 Meadow Oak Street North Richland Hills, TX 5
- 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1979
LEASED 09/06/20- Rent
- Rent Per SQFT
- $1,670
- $1.01
PROPERTY LISTING DETAILS
Coldwell Banker Realty Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477158
Last Updated: 11/27/2020
