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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $154.51
- 8 Days on Market
- MLS # : 14475697
- Updated Date : 11/22/2020 at 18:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,317 sqft
- Baths : 2 full , 1 half
Listing Agent
Brent King Group
Listing Agent's Description
This two-story home has been completely updated. There are 4 bedrooms, 2.5 baths with hardwood floors throughout. Wonderful open floor plan, that creates great space for entertaining. Kitchen includes SS appliances, granite counter tops, island, breakfast bar and formal dining room. Nice size laundry with room for a fridge. The master bedroom is located on the first level. Master bath features dual sinks, walk in closet, separate shower and tub. There are additional 3 bedrooms upstairs with hardwood floors and one full bath. Great size backyard with covered patio. Home is walking distance to community pool and pavilion.
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: Wyndham Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wyndham Village
* 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 | -$1,321 |
| Property Tax | -$751 | |
| Property Insurance | -$161 | |
| HOA | -$92 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$174
|
||
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.
$358,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.63%
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
$100,620
LOAN DETAILS
$1,321
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,500 |
| Loan Amount | $268,500 |
2.17
YEARS SAVED
$6,648
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 -
$0.97
LIST RENT PER SQFT
-
$2,247
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
643 Wyndham Circle Keller, TX 5
- 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $2,250
- $0.97
-
621 Willowwood Trail Keller, TX 1
- 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 1996
![property image]()
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,900
- $0.87
-
1520 Sweetgum Circle Keller, TX 2
- 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1991
![property image]()
LEASED 08/13/20- Rent
- Rent Per SQFT
- $2,245
- $0.98
-
639 Wyndham Circle Keller, TX 3
- 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2002
![property image]()
LEASED 08/06/19- Rent
- Rent Per SQFT
- $2,250
- $1.02
-
745 Saint Andrews Lane Keller, TX 4
- 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 1998
![property image]()
LEASED 06/29/20- Rent
- Rent Per SQFT
- $2,250
- $1.01
PROPERTY LISTING DETAILS
Brent King Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14475697
Last Updated: 11/22/2020
