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 1997
- Price/Sqft : $191.49
- 2 Days on Market
- MLS # : 14488809
- Updated Date : 12/19/2020 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,822 sqft
- Baths : 2 full
Listing Agent
Re/max Dfw Associates
Listing Agent's Description
1 story home in a prime Flower Mound location! No detail has been overlooked in this immaculate home boasting wood-look porcelain tile floors, new carpet, fresh paint throughout living, dining and kitchen. Quality updates includes travertine tile backsplash in kitchen & master bath, plus granite countertops in both bathrooms and kitchen, stainless steel appliances & much more. Find flowing floorplan w kitchen open to living area Split master bedroom with walk in shower, ample cabinet space & dual sinks. Great size laundry room! New hot water heater. Relax in backyard under cedar pergola, large grassy space. Storage shed stays with the property. Must see!
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
Neighborhood: Timberview Estates West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Timberview Estates West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,980 |
| EXPENSES | Loan Payment | -$1,287 |
| Property Tax | -$602 | |
| Property Insurance | -$133 | |
| HOA | -$24 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$165
|
||
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.
$348,900
PROJECTED PRICE
$1,980
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.8% |
| 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
$98,209
LOAN DETAILS
$1,287
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,225 |
| Loan Amount | $261,675 |
2.5
YEARS SAVED
$8,320
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,980
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,991
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
5116 Timberland Parkway Flower Mound, TX 3
- 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,822 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,980
- $1.09
-
2836 Chelsea Lane Flower Mound, TX 1
- 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,660 Sqft ∙ Built 1983
LEASED 11/23/20- Rent
- Rent Per SQFT
- $1,770
- $1.07
-
1817 Newton Drive Flower Mound, TX 2
- 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1994
LEASED 04/09/20- Rent
- Rent Per SQFT
- $1,950
- $1.05
-
1732 Meyerwood Lane Flower Mound, TX 4
- 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,784 Sqft ∙ Built 1994
LEASED 11/12/20- Rent
- Rent Per SQFT
- $2,000
- $1.12
-
4321 Hillshire Court Flower Mound, TX 5
- 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1986
LEASED 09/08/20- Rent
- Rent Per SQFT
- $2,100
- $1.13
PROPERTY LISTING DETAILS
Re/max Dfw Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488809
Last Updated: 12/19/2020
