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 2016
- Price/Sqft : $117.46
- 3 Days on Market
- MLS # : 14492205
- Updated Date : 01/01/2021 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,767 sqft
- Baths : 3 full , 1 half
Listing Agent
Bray Real Estate Group
Listing Agent's Description
Charming 4 bedroom, 3.5 bath home located in the highly desirable Williamsburg subdivision. This one owner home has been extremely well maintained and provides a great opportunity to live in the award winning RISD. This home features an open concept with updates though-out the entire home. Large master suite with oversized master bath, upstairs provides two additional bedrooms, two full baths and a large game room. Gorgeous backyard oasis with an extended covered patio and Jacuzzi is great for entertaining friends and family. HOA offers multiple pools, walking paths, stocked ponds, fitness center, playgrounds, and splash pad for the kiddos.
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
Zip Code: 75189
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75189
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$555 | |
| Property Insurance | -$187 | |
| HOA | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$207
|
||
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.
$325,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.4% |
| 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
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
7.75
YEARS SAVED
$38,691
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,290
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
555 Bassett Hall Road Fate, TX 4
- 4 beds 4 baths ∙ 2,767 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,767 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $2,310
- $0.83
-
520 Kensington Place Fate, TX 1
- 3 beds 4 baths ∙ 2,582 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,582 Sqft ∙ Built 2016
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,950
- $0.76
-
209 Campbell Court Fate, TX 2
- 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,606 Sqft ∙ Built 2012
LEASED 05/07/20- Rent
- Rent Per SQFT
- $2,200
- $0.84
-
188 Baldwin Drive Fate, TX 3
- 4 beds 4 baths ∙ 2,737 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,737 Sqft ∙ Built 2014
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,250
- $0.82
-
126 Griffin Avenue Fate, TX 5
- 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,962 Sqft ∙ Built 2012
LEASED 11/16/20- Rent
- Rent Per SQFT
- $2,645
- $0.89
PROPERTY LISTING DETAILS
Bray Real Estate Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492205
Last Updated: 01/01/2021
