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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $155.22
- 4 Days on Market
- MLS # : 14462371
- Updated Date : 11/05/2020 at 16:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,184 sqft
- Baths : 2 full
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Welcome to the neighborhood. KellerISD! A beautifully updated 4 bd 2 b within walking distance of Bear Creek Park! It boasts 2 generously sized liv areas or flex space flooded with natural light. Walk in closets in every bedrm with a must see gorgeous feature wall in primary bedroom. You'll immediately notice crown molding w high quality, wood laminate flooring as you enter. Great flow, primary bdrm on other side of house, brand new stainless appliances in kitchen, new paint and fixtures throughout. The light and bright prim bath is a relaxing retreat with large tub and separate shower. This home also has sprinkler and security syst, new garage door w updated ext led lights. Great private back yard. No HOA!
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
Neighborhood: Westpark Keller
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westpark Keller
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,251 |
| Property Tax | -$711 | |
| Property Insurance | -$153 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$36
|
||
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.
$339,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.5% |
| 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
$95,585
LOAN DETAILS
$1,251
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
5.17
YEARS SAVED
$21,639
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$2,233
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
643 W Park Drive Keller, TX 4
- 4 beds 2 baths ∙ 2,184 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,184 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $2,250
- $1.03
-
1308 Carriage Lane Keller, TX 1
- 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 2000
![property image]()
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,900
- $1.01
-
405 Charles Street Keller, TX 2
- 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2003
![property image]()
LEASED 03/19/20- Rent
- Rent Per SQFT
- $1,945
- $1.05
-
646 W Park Drive Keller, TX 3
- 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1998
![property image]()
LEASED 10/14/20- Rent
- Rent Per SQFT
- $2,000
- $0.98
-
997 Pheasant Ridge Keller, TX 5
- 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,340 Sqft ∙ Built 1991
![property image]()
LEASED 07/28/20- Rent
- Rent Per SQFT
- $2,450
- $1.05
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14462371
Last Updated: 11/05/2020
