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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $145.89
- 2 Days on Market
- MLS # : 14502371
- Updated Date : 02/06/2021 at 08:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,885 sqft
- Baths : 2 full
Listing Agent
Briko Realty Services
Listing Agent's Description
Beautifully maintained home with open floor plan, split bedrooms, c-tile entry, kitchen, breakfast, baths, & utility room. Large master suite includes garden tub & separate shower, double vanity and walk in closet. Study could be 4th bdrm. Beautiful landscape with full sprinkler sys. Loads of floored attic space for storage, has actual steps to attic instead of ladder. Great for entertaining! All information herein deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information. Showings will not be scheduled before 1pm on Saturday, February 6th. All showings must be scheduled through Showing Time.
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: The Preserve at Pecan Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Preserve at Pecan Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$547 | |
| Property Insurance | -$136 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$55
|
||
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.
$275,000
PROJECTED PRICE
$1,720
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.9% |
| 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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
3.42
YEARS SAVED
$8,234
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,800
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
6117 Sun Ray Drive Denton, TX 3
- 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 2005
![property image]()
- Rent
- Rent Per SQFT
- $1,720
- $0.91
-
3712 San Lucas Lane Denton, TX 1
- 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2008
![property image]()
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,695
- $0.94
-
3604 Monte Verde Way Denton, TX 2
- 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2009
![property image]()
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,700
- $0.94
-
4817 Green River Drive Denton, TX 4
- 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,772 Sqft ∙ Built 2014
![property image]()
LEASED 03/06/20- Rent
- Rent Per SQFT
- $1,750
- $0.99
-
6117 Goldenrod Drive Denton, TX 5
- 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 2005
![property image]()
LEASED 10/03/20- Rent
- Rent Per SQFT
- $1,799
- $0.95
PROPERTY LISTING DETAILS
Briko Realty Services
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14502371
Last Updated: 02/06/2021
