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 1986
- Price/Sqft : $186.63
- 2 Days on Market
- MLS # : 14514212
- Updated Date : 02/06/2021 at 13:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,661 sqft
- Baths : 2 full
Listing Agent
Jp & Associates Frisco
Listing Agent's Description
Come see this beautiful well-maintained home, sits on a third of an acre! 3 bedrooms, 2 baths, and office space. Nestled in the amazing community of Redbird. Open concept floor-plan, granite counter tops, stainless steel appliances in the kitchen, recently updated, ceramic title and luxury vinyl planks throughout the home. Vaulted ceilings in primary bedroom, walk-in closet, dual sinks in bathroom. Covered patio, epoxy flooring in the 2 car garage. Long driveway. If you are looking for a spacious lot, look no further. Schedule your showing today!
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
Neighborhood: Cedar Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cedar Vista
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,077 |
| Property Tax | -$735 | |
| Property Insurance | -$123 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$464
|
||
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.
$310,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.6% |
| 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
$87,900
LOAN DETAILS
$1,077
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
0
YEARS SAVED
$8
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,561
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
5534 Kiwanis Road Dallas, TX 2
- 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,570
- $0.95
-
6724 Cedar Forest Trail Dallas, TX 1
- 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 1989
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.98
-
6751 Cedar Forest Trail Dallas, TX 3
- 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1990
LEASED 02/13/20- Rent
- Rent Per SQFT
- $1,600
- $0.93
-
6747 Mountain Cedar Lane Dallas, TX 4
- 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1989
LEASED 03/22/20- Rent
- Rent Per SQFT
- $1,625
- $0.95
-
5729 Mona Lane Dallas, TX 5
- 3 beds 2 baths ∙ 1,935 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,935 Sqft ∙ Built 1994
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,750
- $0.90
PROPERTY LISTING DETAILS
Jp & Associates Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14514212
Last Updated: 02/06/2021
