Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $173.00
- 3 Days on Market
- MLS # : 14466919
- Updated Date : 11/06/2020 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,175 sqft
- Baths : 2 full
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14466919 - Built by Altura Homes - December completion! ~ Jackson Run is a lovely community just off the 380 & Interstate 30 corridor, in Greenville.. A very desirable proximity to schools, shopping with easy access to the interstate. Greenville is a vibrant and dynamic small town with a great big heart and lots of room to grow. Making this a wonderful place for your family to call home! This single story home in an incredibly beautiful subdivision offers a serene setting with an adorable family friendly floor plan and beautiful upgraded features all included. Come experience the quality of life you can only find here!
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 75402
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75402
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,120 |
| EXPENSES | Loan Payment | -$750 |
| Property Tax | -$457 | |
| Property Insurance | -$95 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$289
|
||
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.
$203,270
PROJECTED PRICE
$1,120
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| 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
$55,867
LOAN DETAILS
$750
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $50,818 |
| Loan Amount | $152,453 |
0.08
YEARS SAVED
$27
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,120
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,113
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
6411 Graceland Greenville, TX 1
- 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,175 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $1,120
- $0.95
-
1429 Reiger Drive Greenville, TX 2
- 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,470 Sqft ∙ Built 2006
![property image]()
LEASED 10/17/19- Rent
- Rent Per SQFT
- $1,350
- $0.92
-
1421 Reiger Drive Greenville, TX 3
- 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 2014
![property image]()
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.97
-
1409 Jacksons Run Greenville, TX 4
- 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2005
![property image]()
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,395
- $0.94
-
1417 Thibodaux Drive Greenville, TX 5
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 2016
![property image]()
LEASED 09/28/19- Rent
- Rent Per SQFT
- $1,450
- $0.96
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14466919
Last Updated: 11/06/2020
