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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $131.11
- 2 Days on Market
- MLS # : 14499937
- Updated Date : 01/16/2021 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,945 sqft
- Baths : 2 full
Listing Agent
Jp And Associates Southlake
Listing Agent's Description
ADORABLE home on oversized culdesac lot. 4 bed or flex study space plus 2 bath. Open & bright layout completely updated including new roof summer 2020. Kitchen with granite counters, island & plenty of counter space. 2 large living rooms & 2 dining areas perfect for entertaining & a growing family. Updated paint, newer carpet and flooring throughout. Spacious bathrooms nicely updated with granite. Oversized back patio with GORGEOUS flagstone, cedar that extends length of the house, lighting & ceiling fan. Enjoy oversized backyard with newer double slatted wood fence 2016, Newer 4 ton 14 seer AC with heat pump, upgraded 5 ton air handler. Newer hot water heater 2015. Don't miss out!
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
Zip Code: 76137
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76137
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$563 | |
| Property Insurance | -$140 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$93
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$255,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$73,325
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $63,750 |
| Loan Amount | $191,250 |
6.17
YEARS SAVED
$18,111
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,765
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
5501 Spring Ridge Drive Watauga, TX 4
- 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,780
- $0.92
-
5561 Spring Ridge Drive Watauga, TX 1
- 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 2002
LEASED 03/04/20- Rent
- Rent Per SQFT
- $1,650
- $0.84
-
5552 Spring Ridge Drive Watauga, TX 2
- 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 2002
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,750
- $0.89
-
5404 Caribou Ridge Drive Watauga, TX 3
- 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 2000
LEASED 11/24/20- Rent
- Rent Per SQFT
- $1,750
- $0.95
-
5332 Stillwater Drive Fort Worth, TX 5
- 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,948 Sqft ∙ Built 1997
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,850
- $0.95
PROPERTY LISTING DETAILS
Jp And Associates Southlake
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14499937
Last Updated: 01/16/2021
