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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $203.82
- 2 Days on Market
- MLS # : 14488261
- Updated Date : 12/19/2020 at 13:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,432 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Welcome home to your immaculate Canyon Falls Retreat! Enjoy soaring ceilings, abundant natural light and an oversized backyard patio for relaxing on summer evenings. The chef inspired kitchen features a large working island with quartz countertops, affinity tile backsplash, stainless steel appliances, pantry and dry bar! The main living area anchored by a cozy fireplace is the perfect space for entertaining guests. Your master suite is sure to impress with leather granite, dual vanities, separate shower and a large walk-in closet! Plantation shutters throughout the entire home is an added bonus! Be sure to explore nearby community amenities including pools, park, clubhouse, gym, trails & more!
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: 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 | $2,650 |
| EXPENSES | Loan Payment | -$1,829 |
| Property Tax | -$856 | |
| Property Insurance | -$168 | |
| HOA | -$207 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$509
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$495,700
PROJECTED PRICE
$2,650
PROJECTED RENT
0.53%
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) | 3.00% |
| 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
$133,361
LOAN DETAILS
$1,829
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $123,925 |
| Loan Amount | $371,775 |
0.5
YEARS SAVED
$1,110
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,650
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$2,700
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
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6375 Prairie Brush Trail Flower Mound, TX 4
- 3 beds 3 baths ∙ 2,432 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,432 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,650
- $1.09
-
1421 Westborough Lane Northlake, TX 1
- 3 beds 2 baths ∙ 2,193 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,193 Sqft ∙ Built 2016
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LEASED 08/02/19- Rent
- Rent Per SQFT
- $2,395
- $1.09
-
11409 Winecup Road Flower Mound, TX 2
- 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 2014
![property image]()
LEASED 09/10/19- Rent
- Rent Per SQFT
- $2,400
- $1.14
-
6333 Crossvine Trail Flower Mound, TX 3
- 3 beds 2 baths ∙ 2,181 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,181 Sqft ∙ Built 2016
![property image]()
LEASED 09/26/19- Rent
- Rent Per SQFT
- $2,550
- $1.17
-
11417 Winecup Road Flower Mound, TX 5
- 3 beds 4 baths ∙ 2,680 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,680 Sqft ∙ Built 2014
![property image]()
LEASED 08/05/20- Rent
- Rent Per SQFT
- $2,800
- $1.04
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488261
Last Updated: 12/19/2020
