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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $125.14
- 4 Days on Market
- MLS # : 14490565
- Updated Date : 12/24/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,957 sqft
- Baths : 2 full
Listing Agent
Keller Williams-johnson County
Listing Agent's Description
Just listed in the beautiful Deer Creek Estates neighborhood of Crowley. This spacious 4 bedroom 2 bathroom home has an additional dining room area that could be used for any purpose. The kitchen features a breakfast area, ample storage space, which is conveniently located next to the laundry room. The owners suite includes double vanity, stand alone shower, garden tub, and a huge walk in closet. The expansive backyard has a large patio with a retractable awning perfect for entertaining. Experience reduced electric bills with this homes energy efficient solar panels. Enjoy the community pool, walking trails, tennis courts, playground, and lake as part of your neighborhood amenities.
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: Deer Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deer Creek Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$904 |
| Property Tax | -$607 | |
| Property Insurance | -$140 | |
| HOA | -$53 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$182
|
||
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.
$244,900
PROJECTED PRICE
$1,620
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.7% |
| 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
$70,649
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,225 |
| Loan Amount | $183,675 |
1.25
YEARS SAVED
$1,680
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,761
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
608 Sunfish Drive Crowley, TX 2
- 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,957 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,620
- $0.83
-
117 Downwood Drive Burleson, TX 1
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 1994
LEASED 02/17/20- Rent
- Rent Per SQFT
- $1,595
- $0.86
-
853 Canyon Cove Drive Burleson, TX 3
- 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,848 Sqft ∙ Built 2001
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,700
- $0.92
-
1133 Mourning Dove Drive Burleson, TX 4
- 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2007
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,825
- $0.87
-
125 Phlox Lane Burleson, TX 5
- 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,986 Sqft ∙ Built 2003
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,895
- $0.95
PROPERTY LISTING DETAILS
Keller Williams-johnson County
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490565
Last Updated: 12/24/2020
