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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $149.44
- 7 Days on Market
- MLS # : 14493838
- Updated Date : 01/06/2021 at 10:52
CONSTRUCTION
- Beds : 4
- Floor Size : 2,844 sqft
- Baths : 2 full , 1 half
Listing Agent
United Real Estate Dfw
Listing Agent's Description
AMAZING Area of TROPHY CLUB that rest in a calming cul-de-sac. Come and check out the inviting Kitchen with granite counter tops and great storage cabinets. Elegant formal dining. Living area offers a cozy fireplace with accent beams and skylight for plenty of natural light. Look over to see the Lovely treed backyard that is great for entertaining Family and friends. Complete with outdoor Kitchen.
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: Trophy Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trophy Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,690 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$807 | |
| Property Insurance | -$192 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$116
|
||
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.
$425,000
PROJECTED PRICE
$2,690
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.9% |
| 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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
5.83
YEARS SAVED
$28,782
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,690
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,709
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
6 Colonial Court Trophy Club, TX 3
- 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $2,690
- $0.95
-
153 Creek Courts Drive Trophy Club, TX 1
- 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 1985
LEASED 08/25/20- Rent
- Rent Per SQFT
- $2,495
- $0.86
-
7 Saint Andrews Court Trophy Club, TX 2
- 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2000
LEASED 01/15/20- Rent
- Rent Per SQFT
- $2,500
- $0.90
-
550 Indian Creek Drive Trophy Club, TX 4
- 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 1985 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 1985
LEASED 03/30/20- Rent
- Rent Per SQFT
- $2,950
- $1.01
-
120 Carnoustie Drive Trophy Club, TX 5
- 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1983
LEASED 02/16/20- Rent
- Rent Per SQFT
- $2,950
- $1.04
PROPERTY LISTING DETAILS
United Real Estate Dfw
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14493838
Last Updated: 01/06/2021
