Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $150.40
- 2 Days on Market
- MLS # : 14500826
- Updated Date : 01/16/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,496 sqft
- Baths : 2 full
Listing Agent
Listing Spark
Listing Agent's Description
Beautiful home available in South Grand Prairie and Joe Pool Lake area. It has a great layout, with vaulted ceilings. The home has been completely redone, with fresh paint both inside and outside. All new lights and bathroom fixtures. Newer roof, AC, and water heater. Granite countertops in both bathrooms and kitchen. New carpet in all bedrooms and wood laminate in living, dining room, and hallways. You will enjoy the great view of the city from your covered back porch. The home is close to Joe Pool lake and with great parks and trails nearby. It is ready to be moved in.
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: Fox Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fox Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$782 |
| Property Tax | -$533 | |
| Property Insurance | -$114 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$131
|
||
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.
$225,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 9.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$65,375
LOAN DETAILS
$782
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
1.5
YEARS SAVED
$1,898
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,436
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
6034 Fox Point Trail Dallas, TX 1
- 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,430
- $0.96
-
9503 Cutleaf Court Dallas, TX 2
- 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1980
LEASED 12/29/19- Rent
- Rent Per SQFT
- $1,450
- $0.99
-
1806 Straus Road Cedar Hill, TX 3
- 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1997
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,475
- $0.95
-
5908 Firethorn Drive Dallas, TX 4
- 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1988
LEASED 07/25/19- Rent
- Rent Per SQFT
- $1,495
- $0.90
-
8762 Timber Falls Drive Dallas, TX 5
- 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2010
LEASED 10/18/20- Rent
- Rent Per SQFT
- $1,800
- $1.00
PROPERTY LISTING DETAILS
Listing Spark
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14500826
Last Updated: 01/16/2021
