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 2013
- Price/Sqft : $145.24
- 2 Days on Market
- MLS # : 14485621
- Updated Date : 12/12/2020 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,859 sqft
- Baths : 2 full
Listing Agent
Halo Group Realty, Llc
Listing Agent's Description
This beautiful open floor plan home is conveniently located just off of Mountain Creek Parkway and Camp Wisdom which is minutes from I-20, Spur 408-, 360 and US 67! The location can't be beat and neither can the neighborhood. This three bedroom home has a split floorplan with the master on one side of the home and the secondary bedrooms on the other. At the front of the home you will find a flex space that can be used as a fourth bedroom, office or second living area. The kitchen has stainless steel appliances, beautiful granite, ceramic tile and an accent chalkboard wall. The home has been freshly painted, new carpet installed and comes with gorgeous wood laminate floors and a covered back porch. Welcome 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: Mountain Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Terrace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$996 |
| Property Tax | -$640 | |
| Property Insurance | -$135 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$215
|
||
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.
$270,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 9.6% |
| 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
$77,300
LOAN DETAILS
$996
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
1.08
YEARS SAVED
$1,524
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,715
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
5510 Paladium Drive Dallas, TX 3
- 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $1,680
- $0.90
-
6043 Harbor Glen Drive Dallas, TX 1
- 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2006
![property image]()
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,650
- $0.89
-
5727 Hunters Bend Lane Dallas, TX 2
- 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2003
![property image]()
LEASED 12/06/20- Rent
- Rent Per SQFT
- $1,650
- $0.95
-
6550 Lighthouse Way Dallas, TX 4
- 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2007
![property image]()
LEASED 11/18/20- Rent
- Rent Per SQFT
- $1,795
- $0.94
-
8032 Vista Hill Lane Dallas, TX 5
- 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2015
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,950
- $0.91
PROPERTY LISTING DETAILS
Halo Group Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485621
Last Updated: 12/12/2020
