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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $135.54
- 3 Days on Market
- MLS # : 14500090
- Updated Date : 01/16/2021 at 11:53
CONSTRUCTION
- Beds : 4
- Floor Size : 3,025 sqft
- Baths : 3 full
Listing Agent
E 5 Realty
Listing Agent's Description
Multiple offers received. All offer send in by 1-17 4 PM. Beautifully updated home features engineered hardwood flooring throughout, hand scrapped white oak hardwood flooring on the stairs. The chef in your family will love this gorgeous Kitchen featuring stainless steel appliances, granite countertops, an island and plenty of cabinets and counter space. Upstairs features a master bedroom with updated master bathroom and walk-in closet, a second living area can be used as a game room and watch your favorite movies in the entertainment room. Guest room downstair and also be used as a office. Backyard features a BOB fence; you will have plenty of privacy while you relax and unwind on your backyard patio.
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: Country Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Country Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,590 |
| EXPENSES | Loan Payment | -$1,424 |
| Property Tax | -$708 | |
| Property Insurance | -$202 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$125
|
||
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.
$410,000
PROJECTED PRICE
$2,590
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.0% |
| 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
$114,400
LOAN DETAILS
$1,424
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,500 |
| Loan Amount | $307,500 |
6.17
YEARS SAVED
$29,323
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,590
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,738
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
6314 Eagle Creek Drive Flower Mound, TX 2
- 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $2,590
- $0.86
-
6212 Coldwater Flower Mound, TX 1
- 4 beds 3 baths ∙ 2,990 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,990 Sqft ∙ Built 1999
![property image]()
LEASED 05/02/20- Rent
- Rent Per SQFT
- $2,400
- $0.80
-
2412 Conroe Court Flower Mound, TX 3
- 3 beds 3 baths ∙ 2,873 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,873 Sqft ∙ Built 2003
![property image]()
LEASED 10/20/20- Rent
- Rent Per SQFT
- $2,695
- $0.94
-
2508 Blue Ridge Trail Flower Mound, TX 4
- 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,025 Sqft ∙ Built 1998
![property image]()
LEASED 01/03/21- Rent
- Rent Per SQFT
- $2,750
- $0.91
-
2305 Conroe Court Flower Mound, TX 5
- 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2001
![property image]()
LEASED 09/27/20- Rent
- Rent Per SQFT
- $2,945
- $0.97
PROPERTY LISTING DETAILS
E 5 Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14500090
Last Updated: 01/16/2021
