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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $153.66
- 5 Days on Market
- MLS # : 14520708
- Updated Date : 02/25/2021 at 03:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,692 sqft
- Baths : 2 full
Listing Agent
Keller Williams Arlington
Listing Agent's Description
MULTIPLE OFFERS DEADLINE SATURDAY AT 6PM. Westchester Subdivision HOME AVAILABLE... Come see this very well maintained 3 bd 2 bath home. Beautiful floors throughout the home, nice fireplace, lots of natural light, wood window shutters, high ceilings, water sprinkler system, lots of closet space, beautiful backyard with 8 ft. fence and nice landscape, gutters and much more. Come SEE ASAP : )
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: Westchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$633 | |
| Property Insurance | -$125 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$140
|
||
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.
$259,999
PROJECTED PRICE
$1,620
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.5% |
| 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
$74,650
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $65,000 |
| Loan Amount | $194,999 |
1.67
YEARS SAVED
$2,821
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,637
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
547 Kessler Street Grand Prairie, TX 1
- 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,620
- $0.96
-
4528 Fargo Drive Grand Prairie, TX 2
- 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 1990
LEASED 09/26/20- Rent
- Rent Per SQFT
- $1,700
- $0.99
-
410 Hampton Circle Grand Prairie, TX 3
- 3 beds 3 baths ∙ 1,824 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,824 Sqft ∙ Built 1998
LEASED 09/13/19- Rent
- Rent Per SQFT
- $1,775
- $0.97
-
849 Chaparral Drive Grand Prairie, TX 4
- 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,868 Sqft ∙ Built 1991
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,799
- $0.96
-
4348 Sierra Drive Grand Prairie, TX 5
- 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,889 Sqft ∙ Built 1990
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,800
- $0.95
PROPERTY LISTING DETAILS
Keller Williams Arlington
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14520708
Last Updated: 02/25/2021
