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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $161.84
- 5 Days on Market
- MLS # : 14494624
- Updated Date : 01/08/2021 at 19:48
CONSTRUCTION
- Beds : 4
- Floor Size : 2,935 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
BEAUTIFULLY UPDATED 2 STORY WITH A TROPICAL BACKYARD OASIS! Discover a home styled to perfection featuring extensive handscraped wood floors, recent upstairs carpet, updated bathrooms, custom built-ins, an upgraded fireplace & tons of windows that flood the home with natural light. Prepare meals in the remodeled kitchen boasting stainless steel appliances & upgraded cabinets or relax in the huge owner's suite offering a sitting area & frameless shower. Entertain in the backyard paradise showcasing a Pebble Tec pool & spa, built-in patio seating, natural gas grill & a large covered patio with ceiling fans. Other features include radiant barrier & a workbench in the garage, plus recent HVAC units & water heater.
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
Neighborhood: Stone Hill Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stone Hill Farms
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,570 |
| EXPENSES | Loan Payment | -$1,650 |
| Property Tax | -$820 | |
| Property Insurance | -$197 | |
| HOA | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$248
|
||
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.
$475,000
PROJECTED PRICE
$2,570
PROJECTED RENT
0.54%
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
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
2.08
YEARS SAVED
$6,717
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,570
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,561
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
5905 Northcrest Drive Flower Mound, TX 3
- 4 beds 3 baths ∙ 2,935 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,935 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $2,570
- $0.88
-
1208 Stonehedge Place Flower Mound, TX 1
- 4 beds 4 baths ∙ 3,012 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,012 Sqft ∙ Built 2000
![property image]()
LEASED 03/11/20- Rent
- Rent Per SQFT
- $2,400
- $0.80
-
1416 Old Oak Trail Flower Mound, TX 2
- 4 beds 3 baths ∙ 2,896 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,896 Sqft ∙ Built 1998
![property image]()
LEASED 08/04/20- Rent
- Rent Per SQFT
- $2,400
- $0.83
-
2412 Conroe Court Flower Mound, TX 4
- 3 beds 3 baths ∙ 2,873 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,873 Sqft ∙ Built 2003
![property image]()
LEASED 10/20/20- Rent
- Rent Per SQFT
- $2,695
- $0.94
-
1800 Morning Mist Trail Flower Mound, TX 5
- 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 1998
![property image]()
LEASED 04/09/20- Rent
- Rent Per SQFT
- $2,850
- $0.92
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14494624
Last Updated: 01/08/2021
