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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $185.55
- 5 Days on Market
- MLS # : 14487220
- Updated Date : 12/23/2020 at 13:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,506 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Rockwall
Listing Agent's Description
Meticulous 3BR + Study, 2.5 w 2 car garage home. Numerous windows allowing natural light in this transitional designed beautiful home w custom features. Spacious kitchen feat SS appliances, granite counters & custom floor opens to the family & DR. Hand-Finish hardwoods throughout the main LA & office. Bedroom carpets replaced in December. Side & backyard designed for low maintenance, entertaining & relaxing. Enjoy amenities: playgrounds, walking trails & parks. HOA includes front yard + tree & hedge trimming. Easy access to TX-121 & Tollway, mins from Toyota, Liberty Mutual, Chase HQ, Legacy East & West, suited to sports, restaurants, easy commute to DFW, Love Field & surrounding areas. See this home today!
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: Creekside at Stonebriar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Creekside at Stonebriar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,730 |
| EXPENSES | Loan Payment | -$1,716 |
| Property Tax | -$922 | |
| Property Insurance | -$172 | |
| HOA | -$121 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$299
|
||
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.
$465,000
PROJECTED PRICE
$2,730
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$128,975
LOAN DETAILS
$1,716
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
1.5
YEARS SAVED
$5,032
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,730
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$2,400
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
5565 Travis Drive Frisco, TX 4
- 3 beds 3 baths ∙ 2,506 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,506 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,730
- $1.09
-
5821 Chatham Lane The Colony, TX 1
- 3 beds 2 baths ∙ 2,320 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,320 Sqft ∙ Built 2000
LEASED 01/05/20- Rent
- Rent Per SQFT
- $2,100
- $0.91
-
5809 Carroll Drive The Colony, TX 2
- 3 beds 3 baths ∙ 2,490 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,490 Sqft ∙ Built 1991
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,195
- $0.88
-
4134 Constitution Drive Frisco, TX 3
- 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,594 Sqft ∙ Built 2001
LEASED 04/30/20- Rent
- Rent Per SQFT
- $2,400
- $0.93
-
4653 San Marcos Way Frisco, TX 5
- 3 beds 3 baths ∙ 2,507 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,507 Sqft ∙ Built 2001
LEASED 08/10/20- Rent
- Rent Per SQFT
- $2,790
- $1.11
PROPERTY LISTING DETAILS
Keller Williams Rockwall
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14487220
Last Updated: 12/23/2020
