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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $173.88
- 5 Days on Market
- MLS # : 14491839
- Updated Date : 01/06/2021 at 15:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,875 sqft
- Baths : 3 full , 1 half
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
HUGE CUL-DE-SAC LOT with a TROPICAL BACKYARD OASIS! There are many memories to be made in this spacious home graced with an open-concept floorplan, soaring ceilings, wood flooring, a Nest thermostat & tons of windows that flood the home with natural light. Cooking is a breeze in the gourmet kitchen offering granite counters, custom cabinets & pull-out drawers. Unwind in the private owner's suite showcasing a bay window sitting area, dual sink vanity & jetted tub, or relax in the upstairs game room. Entertain in the backyard paradise boasting a Pebble Tec pool & spa, mature trees, flagstone patio & pergola with a ceiling fan & outdoor TV. 3 car garage & refurbished shed, plus recent water heaters & wood fence!
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Belmont at Bridlewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Belmont at Bridlewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,930 |
| EXPENSES | Loan Payment | -$1,736 |
| Property Tax | -$863 | |
| Property Insurance | -$193 | |
| HOA | -$79 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$41
|
||
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.
$499,900
PROJECTED PRICE
$2,930
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.5% |
| 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
$138,224
LOAN DETAILS
$1,736
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
4.17
YEARS SAVED
$19,948
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,930
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$2,911
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
5516 Belstrum Court Flower Mound, TX 2
- 4 beds 4 baths ∙ 2,875 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,875 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,930
- $1.02
-
3429 Camden Drive Flower Mound, TX 1
- 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 1992
LEASED 07/21/19- Rent
- Rent Per SQFT
- $2,600
- $0.97
-
4425 Ironwood Drive Flower Mound, TX 3
- 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2002
LEASED 07/10/19- Rent
- Rent Per SQFT
- $2,950
- $0.98
-
5109 Par Drive Flower Mound, TX 4
- 4 beds 3 baths ∙ 2,985 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,985 Sqft ∙ Built 1999
LEASED 04/20/20- Rent
- Rent Per SQFT
- $3,100
- $1.04
-
4012 Beacon Street Flower Mound, TX 5
- 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,060 Sqft ∙ Built 1999
LEASED 10/10/20- Rent
- Rent Per SQFT
- $3,250
- $1.06
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14491839
Last Updated: 01/06/2021
