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 2021
- Price/Sqft : $201.57
- 1 Days on Market
- MLS # : 14532297
- Updated Date : 03/13/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,924 sqft
- Baths : 3 full
Listing Agent
Keller Williams Realty Dpr
Listing Agent's Description
Your search is over! This new home near Bear Creek Park in the heart of Keller has everything on your wish list! Featuring 4 spacious Bedrooms, 3 Bathrooms, an Open Concept Living Room, Gourmet Kitchen w butler's pantry, Breakfast Nook & Study, plus a Game Room & 2 Car Garage + storage space on a corner lot! The beautiful kitchen w island & granite counters overlooks the lg living room w fireplace. First floor master suite w garden tub, separate vanities, & huge closet. 1 bedroom w full bath down. 2 bedrooms, full bath, & game room up w loft area. Big backyard with full sod & sprinklers. Energy efficient + Smart Home tech. Ready in Fall 2021. Ask about our Hometown Heroes program and pref. lender incentives!
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: Westpark Keller
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westpark Keller
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$2,047 |
| Property Tax | -$1,237 | |
| Property Insurance | -$196 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,499
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$589,392
PROJECTED PRICE
$2,080
PROJECTED RENT
0.35%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 3.00% |
| 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
$158,189
LOAN DETAILS
$2,047
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $147,348 |
| Loan Amount | $442,044 |
-0.33
YEARS SAVED
$2,416
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,544
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
523 Big Bend Drive Keller, TX 1
- 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,924 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $2,080
- $0.71
-
5212 Lori Valley Lane Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 2006
![property image]()
LEASED 08/23/20- Rent
- Rent Per SQFT
- $2,295
- $0.80
-
5233 Memorial Drive Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,796 Sqft ∙ Built 2008
![property image]()
LEASED 08/10/20- Rent
- Rent Per SQFT
- $2,300
- $0.82
-
220 Longford Court Keller, TX 4
- 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,742 Sqft ∙ Built 2003
![property image]()
LEASED 11/21/19- Rent
- Rent Per SQFT
- $2,425
- $0.88
-
228 Carlow Court Keller, TX 5
- 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,704 Sqft ∙ Built 2006
![property image]()
LEASED 03/17/20- Rent
- Rent Per SQFT
- $2,650
- $0.98
PROPERTY LISTING DETAILS
Keller Williams Realty Dpr
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14532297
Last Updated: 03/13/2021
