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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $116.39
- 3 Days on Market
- MLS # : 14488133
- Updated Date : 12/19/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,062 sqft
- Baths : 2 full
Listing Agent
Halo Group Realty, Llc
Listing Agent's Description
A great home in the heart of a growing community! Near Eagle Mountain Lake and Shady Grove Park, this home has it all. Beautiful 4 bedroom 2 bath home with new carpet in master and vaulted ceilings throughout. There are many memories to be made in this spacious home graced with a brick fireplace, split bedrooms, covered front and back porches, and a great storage workshop in the backyard. Master bedroom suite offers a garden tub, separate shower & double vanity.
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: Stribling Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stribling Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,890 |
| EXPENSES | Loan Payment | -$885 |
| Property Tax | -$522 | |
| Property Insurance | -$146 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$237
|
||
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.
$239,999
PROJECTED PRICE
$1,890
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.8% |
| 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
$69,350
LOAN DETAILS
$885
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,000 |
| Loan Amount | $179,999 |
9.25
YEARS SAVED
$35,525
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,890
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,990
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
625 Madeline Court Azle, TX 5
- 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,890
- $0.92
-
605 Madeline Court Azle, TX 1
- 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 2019
LEASED 01/14/20- Rent
- Rent Per SQFT
- $1,595
- $0.93
-
1357 Briarwood Drive Azle, TX 2
- 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2018
LEASED 08/28/19- Rent
- Rent Per SQFT
- $1,750
- $0.96
-
1341 Briarwood Drive Azle, TX 3
- 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 2017
LEASED 12/02/20- Rent
- Rent Per SQFT
- $1,750
- $0.99
-
1317 Oak Harbor Boulevard Azle, TX 4
- 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1988
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,875
- $0.98
PROPERTY LISTING DETAILS
Halo Group Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488133
Last Updated: 12/19/2020
