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 1985
- Price/Sqft : $164.70
- 1 Days on Market
- MLS # : 14487989
- Updated Date : 12/19/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,694 sqft
- Baths : 2 full
Listing Agent
The Property Shop
Listing Agent's Description
This Lovely Priarie Creek home in Flower Mound has high ceilings and large kithen with GAS stove and SS appliances. Home has ceramic tile floors thoughout the main living of the home and laminate hardwood in the bedrooms. Master bath has been updated with mosaic top vanity and floating glass shower doors. Lots of natural light flows through with a wonderful size back yard! Owner had new plumber done few years ago, HVAC replace September 2020, Foundation repaired by Structure Foundation in 2014 with transferable warranty. Walking distance from Prairie Creek Park and Tons of city bike ridding trails! Endless places to eat and shop nearby. Marcus High School ISD.
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: Prairie Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Prairie Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,029 |
| Property Tax | -$482 | |
| Property Insurance | -$125 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$95
|
||
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.
$279,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.66%
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
$79,685
LOAN DETAILS
$1,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
6.58
YEARS SAVED
$25,721
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,825
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
5208 Colonial Drive Flower Mound, TX 4
- 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $1,830
- $1.08
-
5212 Timber Creek Road Flower Mound, TX 1
- 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1983
LEASED 01/22/20- Rent
- Rent Per SQFT
- $1,640
- $1.07
-
1319 Colony Court Flower Mound, TX 2
- 3 beds 4 baths ∙ 1,538 Sqft ∙ Built 1984 3 beds 4 baths ∙ 1,538 Sqft ∙ Built 1984
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,675
- $1.09
-
5201 Timber Creek Road Flower Mound, TX 3
- 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1983
LEASED 04/12/20- Rent
- Rent Per SQFT
- $1,695
- $1.11
-
5224 Timber Creek Road Flower Mound, TX 5
- 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,776 Sqft ∙ Built 1983
LEASED 09/29/20- Rent
- Rent Per SQFT
- $1,850
- $1.04
PROPERTY LISTING DETAILS
The Property Shop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14487989
Last Updated: 12/19/2020
