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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $129.75
- 2 Days on Market
- MLS # : 14493128
- Updated Date : 01/02/2021 at 05:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,849 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Charming one owner home in Spring Meadows. Interior features an open floor plan with good size secondary bedrooms, large family room and a formal dining area. Gorgeous wood laminate flooring recently installed throughout with ceramic tile in the wet areas. Plenty of room to have family and friends over with a 10x22 covered deck out back. Master bath features dual sinks, separate shower, garden tub and walk in closet. Close to community schools, shopping and highway access. Come check out this one before it's gone!
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
Zip Code: 75087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75087
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$410 | |
| Property Insurance | -$134 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$80
|
||
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.
$239,900
PROJECTED PRICE
$1,640
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.2% |
| 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
$69,324
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,975 |
| Loan Amount | $179,925 |
6.42
YEARS SAVED
$21,196
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,632
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
522 Indian Paintbrush Fate, TX 3
- 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $1,640
- $0.89
-
520 Sundrop Fate, TX 1
- 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 2007
![property image]()
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,550
- $0.90
-
510 Indian Paintbrush Fate, TX 2
- 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2007
![property image]()
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,600
- $0.87
-
506 Azalea Drive Fate, TX 4
- 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 2008
![property image]()
LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,650
- $0.88
-
517 Azalea Drive Fate, TX 5
- 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 2008
![property image]()
LEASED 01/26/20- Rent
- Rent Per SQFT
- $1,650
- $0.88
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14493128
Last Updated: 01/02/2021
