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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $147.11
- 3 Days on Market
- MLS # : 14488341
- Updated Date : 12/18/2020 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,719 sqft
- Baths : 2 full , 1 half
Listing Agent
Jp And Associates Keller
Listing Agent's Description
This beautiful home in Keller has 4 bedrooms, 2.1 bathrooms, an office, and a sunroom. The home features extra-large bedrooms, walk-in closets, 2 living rooms, 2 dining areas, and plenty of storage space. The balcony overlooks the downstairs living room. The home has a lot of upgrades- granite, light fixtures, new carpeting, and flooring. The community offers a playground, greenbelt, and pool within walking distance. Relax in the large back yard under the patio in the hot tub! It's a corner lot with mature trees and 8-foot fencing for privacy, and a 3 car garage. Come see what this stunning home has to offer!
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
Zip Code: 76248
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76248
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,730 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$911 | |
| Property Insurance | -$184 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$39
|
||
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.
$400,000
PROJECTED PRICE
$2,730
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.5% |
| 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
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
4.92
YEARS SAVED
$24,089
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,730
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,488
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
605 Shady Bridge Lane Keller, TX 5
- 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $2,730
- $1.00
-
637 Cottonwood Trail Keller, TX 1
- 3 beds 3 baths ∙ 2,563 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,563 Sqft ∙ Built 1995
![property image]()
LEASED 08/12/20- Rent
- Rent Per SQFT
- $2,385
- $0.93
-
1313 Mcentire Court Keller, TX 2
- 5 beds 4 baths ∙ 2,871 Sqft ∙ Built 2000 5 beds 4 baths ∙ 2,871 Sqft ∙ Built 2000
![property image]()
LEASED 02/06/20- Rent
- Rent Per SQFT
- $2,395
- $0.83
-
620 Shady Bridge Lane Keller, TX 3
- 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 1999
![property image]()
LEASED 02/14/20- Rent
- Rent Per SQFT
- $2,395
- $0.91
-
914 Rush Creek Road Keller, TX 4
- 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1991
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $2,700
- $0.99
PROPERTY LISTING DETAILS
Jp And Associates Keller
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488341
Last Updated: 12/18/2020
