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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $106.82
- 2 Days on Market
- MLS # : 14496786
- Updated Date : 01/09/2021 at 17:39
CONSTRUCTION
- Beds : 4
- Floor Size : 3,183 sqft
- Baths : 3 full , 1 half
Listing Agent
Century 21 Judge Fite Company
Listing Agent's Description
Corner lot! Pool Home! Well maintained 4bd, 3.5 ba home in an established neighborhood. This home has all the bells and whistles! Home features inground swimming pool with waterfall, Open floor plan, very tall ceilings, A den, Great room boasts a wall of windows and fireplace, Study with French doors, eat-in kitchen with nook, Island ceramic tile backsplash, Master suite has a fireplace, jetted tub and a huge wrap around walk in closet! Separate game room and media room. Cozy backyard, beautiful, landscaped corner lot with sprinklers! Security System(1-Yr old)! Intercom needs update throughout home. Roof 1 year old! This home is located directly across the street from the club house and community swimming pool!
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: Candle Meadow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Candle Meadow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,100 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$813 | |
| Property Insurance | -$211 | |
| HOA | -$65 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$268
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$340,000
PROJECTED PRICE
$2,100
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$95,850
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
0.67
YEARS SAVED
$1,085
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,100
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$2,316
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
-
616 Daisy Drive Desoto, TX 1
- 4 beds 4 baths ∙ 3,183 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,183 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $2,100
- $0.66
-
504 Spicewood Drive Desoto, TX 2
- 5 beds 3 baths ∙ 3,341 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,341 Sqft ∙ Built 2002
LEASED 08/08/20- Rent
- Rent Per SQFT
- $2,150
- $0.64
-
720 Candle Meadow Boulevard Desoto, TX 3
- 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2004
LEASED 09/10/20- Rent
- Rent Per SQFT
- $2,350
- $0.77
-
1212 Ashford Drive Desoto, TX 4
- 4 beds 3 baths ∙ 3,198 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,198 Sqft ∙ Built 2006
LEASED 02/04/20- Rent
- Rent Per SQFT
- $2,400
- $0.75
-
316 Oleander Drive Desoto, TX 5
- 4 beds 3 baths ∙ 3,329 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,329 Sqft ∙ Built 2002
LEASED 07/17/20- Rent
- Rent Per SQFT
- $2,500
- $0.75
PROPERTY LISTING DETAILS
Century 21 Judge Fite Company
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14496786
Last Updated: 01/09/2021
