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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $218.81
- 3 Days on Market
- MLS # : 14475190
- Updated Date : 11/20/2020 at 14:46
CONSTRUCTION
- Beds : 3
- Floor Size : 2,100 sqft
- Baths : 2 full , 1 half
Listing Agent
Elevate Realty Group
Listing Agent's Description
Brand new custom home on over an acre. Come enjoy the peace and quiet of the country, while still being close to town. This new home includes custom tiled flooring, vaulted ceilings, custom trim and cabinetry, open concept, modern finishes and design. Buyer still has time to choose paint colors and granite. This new home also comes with a BRAND NEW CUSTOM POOL in the backyard, sprinkler system, 3-car garage, and pool perimeter fencing. You'll love the spacious bedrooms with custom en suites and all that this home has to offer. Highly efficient features include: TRANE HVAC, double-paned windows, blown insulation, efficient WH and LED lighting. Come see this gem while it lasts!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 76048
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76048
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,240 |
EXPENSES | Loan Payment | -$1,695 |
Property Tax | -$623 | |
Property Insurance | -$149 | |
Property Management Fees | -$99 | |
CASH FLOW
-$325
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$459,500
PROJECTED PRICE
$2,240
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.78% |
Appreciation Year (1-5) | 5.4% |
Maintenance Year (1-5) | 3.00% |
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
$123,768
LOAN DETAILS
$1,695
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $114,875 |
Loan Amount | $344,625 |
1.75
YEARS SAVED
$6,461
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$2,268
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Elevate Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475190
Last Updated: 11/20/2020