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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $155.65
- 3 Days on Market
- MLS # : 14477479
- Updated Date : 11/27/2020 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,405 sqft
- Baths : 3 full , 1 half
Listing Agent
Compass Re Texas, Llc.
Listing Agent's Description
BEAUTIFUL 4 bedroom 3 and a half bath home with study in highly sought after Argyle ISD and Canyon Falls community! This popular Katy floor plan by Ashton Woods is full of upgrades, including GORGEOUS wood look tile floors. Modern neutral color palette, stylish light fixtures, and linear stone fireplace give this home a modern yet transitional feel. The kitchen features beautiful white shaker style cabinetry, gourmet island, quartz counters, kitchenaid appliances, and walk in pantry. The master suite is conveniently located on the main level with double vanities, separate tub and shower, and walk in closet. Upstairs are 3 additional bedrooms, loft, and media room. This home is MUST SEE before it’s too late!
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: Canyon Falls
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Falls
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,200 |
| EXPENSES | Loan Payment | -$1,955 |
| Property Tax | -$915 | |
| Property Insurance | -$224 | |
| HOA | -$207 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$201
|
||
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.
$530,000
PROJECTED PRICE
$3,200
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.6% |
| 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
$146,200
LOAN DETAILS
$1,955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $132,500 |
| Loan Amount | $397,500 |
2.67
YEARS SAVED
$13,793
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,200
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$3,587
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
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- Rent
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- $3,200
- $0.94
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LEASED 11/12/20- Rent
- Rent Per SQFT
- $3,200
- $0.99
-
6637 Elderberry Way Flower Mound, TX 3
- 4 beds 4 baths ∙ 3,419 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,419 Sqft ∙ Built 2018
![property image]()
LEASED 07/13/20- Rent
- Rent Per SQFT
- $3,600
- $1.05
-
6600 Elderberry Way Flower Mound, TX 4
- 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2019
![property image]()
LEASED 06/14/20- Rent
- Rent Per SQFT
- $3,700
- $1.12
PROPERTY LISTING DETAILS
Compass Re Texas, Llc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477479
Last Updated: 11/27/2020
