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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $137.40
- 3 Days on Market
- MLS # : 14488285
- Updated Date : 12/18/2020 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,564 sqft
- Baths : 2 full
Listing Agent
Exp Realty, Llc
Listing Agent's Description
Don't miss out of this home!!! Located on a prime cul de sac lot in Marine Creek Hills. This single story features new carpet, 2 car garage, and fresh paint. Upon entry you will see laminate wood floors and a large open living room with great views of the full sized backyard. Split Bedrooms are perfect. Move in ready!
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: Marine Creek Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marine Creek Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$793 |
| Property Tax | -$493 | |
| Property Insurance | -$118 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$78
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$214,900
PROJECTED PRICE
$1,580
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 12.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$62,699
LOAN DETAILS
$793
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $53,725 |
| Loan Amount | $161,175 |
6.33
YEARS SAVED
$18,297
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,580
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 05/04/20- Rent
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- $1,495
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- $1,525
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-
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- 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2001
LEASED 10/05/20- Rent
- Rent Per SQFT
- $1,570
- $1.04
-
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LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,575
- $0.98
PROPERTY LISTING DETAILS
Exp Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488285
Last Updated: 12/18/2020
