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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $159.97
- 3 Days on Market
- MLS # : 14477808
- Updated Date : 11/27/2020 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,813 sqft
- Baths : 3 full
Listing Agent
Weichert Realtors - The Harrell Group
Listing Agent's Description
PREPARE TO FALL IN LOVE WITH THIS ONE STORY HOME WITH PRIVATE BACKYARD SPARKING POOL - SPA AND PERGOLA. THIS HOME FEATURES 4 BEDROOMS - 3 BATHS - STUDY WITH FRENCH DOORS - FORMAL LIVING AND DINING - BEAUTIFUL SEE THRU FIREPLACE IS THE FOCAL POINT OF THE LIVING AND FAMILY ROOM - GOURMET ISLAND KITCHEN WITH LOTS OF CABINET AND COUNTER SPACE - SPACIOUS FAMILY ROOM WITH A WALL OF WINDOWS OVERLOOKING THE BACKYARD OASIS! MANY UPGRADES TO THE HOME INCLUDE TILE, PAINT, LIGHT FIXTURES AND UPDATED LAUNDRY ROOM. THIS HOME WILL NOT LAST LONG!
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: Wyndsor Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wyndsor Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,330 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$832 | |
| Property Insurance | -$190 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$484
|
||
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.
$450,000
PROJECTED PRICE
$2,330
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.2% |
| 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
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
0.42
YEARS SAVED
$823
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,330
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,328
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
5706 Southampton Drive Richardson, TX 4
- 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,330
- $0.83
-
2806 Glenwick Court Richardson, TX 1
- 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1997
LEASED 12/18/19- Rent
- Rent Per SQFT
- $2,095
- $0.78
-
2809 Glenwick Court Richardson, TX 2
- 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 1997
LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,150
- $0.79
-
5709 Eaglebend Drive Richardson, TX 3
- 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2001
LEASED 01/16/20- Rent
- Rent Per SQFT
- $2,295
- $0.85
-
5703 Southampton Drive Richardson, TX 5
- 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 1997
LEASED 02/26/20- Rent
- Rent Per SQFT
- $2,400
- $0.89
PROPERTY LISTING DETAILS
Weichert Realtors - The Harrell Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477808
Last Updated: 11/27/2020
