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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $161.45
- 2 Days on Market
- MLS # : 14501218
- Updated Date : 01/16/2021 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,948 sqft
- Baths : 2 full
Listing Agent
Jp And Associates Southlake
Listing Agent's Description
Completely remodeled and full of designer touches, colors and finishes!! Everything is brand new! Thoughtful layout features 3 beds + private office and 2 living spaces. You'll love the farmhouse kitchen that boasts quartz counter tops, a butcher block island, farm sink, ss samsung appliance suite, shiplap and more! Charming master bedroom with sliding barn door leads to your renovated ensuite bath. Enjoy open spaces on this corner lot with new landscaping, a grilling deck, and large covered back porch! A must see, totally turn key and ready for you!
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: Country Lakes North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Country Lakes North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,092 |
| Property Tax | -$625 | |
| Property Insurance | -$140 | |
| HOA | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$147
|
||
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.
$314,500
PROJECTED PRICE
$1,870
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.8% |
| 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
$89,093
LOAN DETAILS
$1,092
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,625 |
| Loan Amount | $235,875 |
2.17
YEARS SAVED
$4,784
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,977
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
5800 Meadowglen Drive Denton, TX 2
- 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,870
- $0.96
-
9804 Garden Court Denton, TX 1
- 4 beds 2 baths ∙ 2,012 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,012 Sqft ∙ Built 2005
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,850
- $0.92
-
5904 Meadowglen Drive Denton, TX 3
- 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2003
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,895
- $1.08
-
6000 Parkplace Drive Denton, TX 4
- 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,034 Sqft ∙ Built 2009
LEASED 07/03/20- Rent
- Rent Per SQFT
- $2,095
- $1.03
-
5700 Balmorhea Drive Denton, TX 5
- 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,046 Sqft ∙ Built 2013
LEASED 05/18/20- Rent
- Rent Per SQFT
- $2,100
- $1.03
PROPERTY LISTING DETAILS
Jp And Associates Southlake
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14501218
Last Updated: 01/16/2021
