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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
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- $1,670
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- 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 2002
LEASED 12/07/20- Rent
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- $1,695
- $0.83
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LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,700
- $0.77
PROPERTY LISTING DETAILS
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483791
Last Updated: 12/12/2020
