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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $120.23
- 2 Days on Market
- MLS # : 14513773
- Updated Date : 02/06/2021 at 18:49
CONSTRUCTION
- Beds : 4
- Floor Size : 3,094 sqft
- Baths : 2 full , 1 half
Listing Agent
Beam Real Estate, Llc
Listing Agent's Description
NORTH FACING - CORNER LOT STUNNING HOME!BRIGHT & OPEN FLOOR PLAN. WOODEN DECK, 4 BEDROOMS + STUDY AND MEDIA ROOM MAKES THIS HOME A MUST SEE. CORNER LOT, AUSTIN STONE, CERAMIC TILE, 42INCH CHERRY CABINETS,BUILT IN APPLS,SECURITY SYSTEM,JETTED TUB,2 IN BLINDS & NEUTRAL COLORS. NEW ROOF IN 2016, NEW FENSE in 2015, NEW STAINLESS STEEL APPLIANCES in 2019, NEW WATER HEATER IN 2018, GRANITE COUNTERTOPS, WOOD LOOK TILE FLOORING ON GROUND FLOOR. NEXT TO STARWOOD!!!
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: Sterling Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sterling Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,680 |
| EXPENSES | Loan Payment | -$1,292 |
| Property Tax | -$737 | |
| Property Insurance | -$206 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$316
|
||
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.
$372,000
PROJECTED PRICE
$2,680
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 8.1% |
| 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
$104,330
LOAN DETAILS
$1,292
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,000 |
| Loan Amount | $279,000 |
8.58
YEARS SAVED
$43,406
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,680
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$3,117
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
5985 Cheyenne Way Frisco, TX 1
- 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $2,680
- $0.87
-
4121 Sechrist Drive Frisco, TX 2
- 3 beds 4 baths ∙ 2,959 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,959 Sqft ∙ Built 2018
![property image]()
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,795
- $0.94
-
6350 Culverdale Lane Frisco, TX 3
- 3 beds 4 baths ∙ 2,874 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,874 Sqft ∙ Built 2018
![property image]()
LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,995
- $1.04
-
4830 Corinthian Bay Drive Frisco, TX 4
- 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,979 Sqft ∙ Built 2002
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $3,100
- $1.04
-
4246 Sevilla Drive Frisco, TX 5
- 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2017
![property image]()
LEASED 11/16/19- Rent
- Rent Per SQFT
- $3,250
- $1.01
PROPERTY LISTING DETAILS
Beam Real Estate, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14513773
Last Updated: 02/06/2021
