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5813 Fall Creek Lane 
The Colony, TX
75056
4 Beds 4 Baths 3,157 sqft
Built 2017
INVESTimate
$529,900
List Price
$146,174
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PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $167.85
- 2 Days on Market
- MLS # : 14420237
- Updated Date : 08/25/2020 at 20:08
CONSTRUCTION
- Beds : 4
- Floor Size : 3,157 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty
Listing Agent's Description
Privacy! Creek Lot! Energy-Efficient home with all the bells and whistles! Stunning 2-story floorplan includes a spacious kitchen-breakfast with eat-at island that is great for holiday entertaining. Upstairs family fun Game Room! Secondary bedrooms have walk-in closets. Centrally located near shopping & entertainment. Known for their energy efficient features, these homes help you live a healthier & quieter lifestyle while saving thousands of dollars on utility bills.
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: Austin Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Austin Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,950 |
| EXPENSES | Loan Payment | -$1,955 |
| Property Tax | -$1,014 | |
| Property Insurance | -$210 | |
| HOA | -$91 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$419
|
||
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.
$529,900
PROJECTED PRICE
$2,950
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 1.68% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$146,174
LOAN DETAILS
$1,955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $132,475 |
| Loan Amount | $397,425 |
1.25
YEARS SAVED
$3,749
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,950
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$3,149
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
5813 Fall Creek Lane The Colony, TX 2
- 4 beds 4 baths ∙ 3,157 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,157 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $2,950
- $0.93
-
3232 Prestonwood Drive Plano, TX 1
- 3 beds 4 baths ∙ 2,965 Sqft ∙ Built 1997 3 beds 4 baths ∙ 2,965 Sqft ∙ Built 1997
![property image]()
LEASED 02/14/20- Rent
- Rent Per SQFT
- $2,900
- $0.98
-
6509 Village Springs Drive Plano, TX 3
- 4 beds 4 baths ∙ 3,315 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,315 Sqft ∙ Built 2001
![property image]()
LEASED 10/19/19- Rent
- Rent Per SQFT
- $3,200
- $0.97
-
2660 Barton Creek Boulevard The Colony, TX 4
- 4 beds 4 baths ∙ 3,505 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,505 Sqft ∙ Built 2016
![property image]()
LEASED 07/21/20- Rent
- Rent Per SQFT
- $3,300
- $0.94
-
2161 Balcones Drive Carrollton, TX 5
- 4 beds 3 baths ∙ 3,089 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,089 Sqft ∙ Built 2016
![property image]()
LEASED 07/06/20- Rent
- Rent Per SQFT
- $3,400
- $1.10
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420237
Last Updated: 08/25/2020
