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 2020
- Price/Sqft : $145.78
- 3 Days on Market
- MLS # : 14481677
- Updated Date : 12/04/2020 at 16:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,636 sqft
- Baths : 2 full
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14481677 - Built by Starlight Homes - January completion! ~ Come visit one of our last homes in Phase 1 of McPherson Village. This Aurora floor plan offers an open living room and kitchen with granite countertops and stainless steel appliances. The home has a fully sodded yard and sprinkler system enclosed by a stained wood fence with metal posts. Please call for an appointment.
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Neighborhood: Panther Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Panther Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$880 |
| Property Tax | -$591 | |
| Property Insurance | -$122 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$162
|
||
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.
$238,490
PROJECTED PRICE
$1,550
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.5% |
| 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
$65,200
LOAN DETAILS
$880
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,623 |
| Loan Amount | $178,868 |
1.42
YEARS SAVED
$2,272
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,558
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
5405 Lady Town Lane Fort Worth, TX 2
- 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,636 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,550
- $0.95
-
4837 Elkhart Drive Fort Worth, TX 1
- 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2008
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,550
- $0.94
-
9600 Flowering Spring Trail Fort Worth, TX 3
- 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2005
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,695
- $0.91
-
9601 Willow Branch Way Fort Worth, TX 4
- 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 2009
![property image]()
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,750
- $0.97
-
4504 Barberry Tree Cove Fort Worth, TX 5
- 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,818 Sqft ∙ Built 2014
![property image]()
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,795
- $0.99
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14481677
Last Updated: 12/04/2020
