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
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $114.06
- 2 Days on Market
- MLS # : 14483791
- Updated Date : 12/12/2020 at 13:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,148 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
Fantastic 3 BR, 2.5 Bath home w GameRm set on premium lot backing to greenbelt in Marine Creek Estates! Open plan, spacious Dining Rm, Family Rm w corner WBFP, Brkst Area, Island Kitchen w granite, Laundry Rm w wlkin pantry-storage. All BRs up w GameRm ready for family fun! Back BR & GameRm offer greenbelt-lake views & distant views of downtown Ft Worth! Primary BR has wlkin closet, ensuite bath w garden tub,sep.shower & 2 sinks. Large backyrd w wood privacy fence has gate opening to greenbelt & lake trails. The 250 acre Marine Creek Lake offers 6-miles of scenic trails around the peaceful reservoir; 2 public boat ramps w large shoreline areas for bank fishing. 2 car garage. Roof replaced 2020. This is HOME!
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Marine Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marine Creek
* 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 | -$904 |
Property Tax | -$562 | |
Property Insurance | -$151 | |
HOA | -$25 | |
Property Management Fees | -$99 | |
CASH FLOW
-$101
|
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.
$245,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.74% |
Appreciation Year (1-5) | 9.2% |
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
$70,675
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $61,250 |
Loan Amount | $183,750 |
2.33
YEARS SAVED
$4,965
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 -
$0.76
LIST RENT PER SQFT
-
$1,729
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483791
Last Updated: 12/12/2020