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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $130.14
- 2 Days on Market
- MLS # : 14478289
- Updated Date : 12/05/2020 at 16:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,651 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Central
Listing Agent's Description
WOW! Fantastic opportunity to purchase an updated ONE STORY home near Firewheel Golf Park and Breckinridge Park featuring abundant open space and trails for an active lifestyle! Great living space in this house with 2 huge living rooms as well as extended patio perfect for outdoor living space. Private master suite features exterior door to patio. Secondary bedrooms share a dual sink bathroom & sit in a quiet corner of the house with privacy door from living room to hallway. BONUS room off the kitchen makes a great study, craft, workout room or even 5th bedroom with small storage closet. Huge laundry room, half bath, exterior door from garage to back patio are just a few more bonus features in this house!
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Neighborhood: Greens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,190 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$811 | |
| Property Insurance | -$180 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$173
|
||
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.
$345,000
PROJECTED PRICE
$2,190
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 2.4% |
| 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
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
2.08
YEARS SAVED
$5,958
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,190
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,247
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
6406 Limerick Lane Garland, TX 1
- 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 1992
![property image]()
- Rent
- Rent Per SQFT
- $2,190
- $0.83
-
1404 Westgate Drive Sachse, TX 2
- 4 beds 3 baths ∙ 2,671 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,671 Sqft ∙ Built 1998
![property image]()
LEASED 06/07/20- Rent
- Rent Per SQFT
- $2,195
- $0.82
-
2808 Glenwick Court Richardson, TX 3
- 5 beds 3 baths ∙ 2,712 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,712 Sqft ∙ Built 1997
![property image]()
LEASED 11/20/20- Rent
- Rent Per SQFT
- $2,250
- $0.83
-
5709 Eaglebend Drive Richardson, TX 4
- 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2001
![property image]()
LEASED 01/16/20- Rent
- Rent Per SQFT
- $2,295
- $0.85
-
5703 Southampton Drive Richardson, TX 5
- 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 1997
![property image]()
LEASED 02/26/20- Rent
- Rent Per SQFT
- $2,400
- $0.89
PROPERTY LISTING DETAILS
Keller Williams Central
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14478289
Last Updated: 12/05/2020
