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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $206.95
- 2 Days on Market
- MLS # : 14519277
- Updated Date : 02/19/2021 at 21:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,172 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass Re Texas, Llc
Listing Agent's Description
All this home needs is you! Walk into open, spacious living & dining rooms with wood floors. Windows all around letting in natural light. The fully equipped kitchen has a beautiful island and all the right touches. The master is huge with a walk-in closet and access to the laundry room. Washer & dryer included. Great secondary bedrooms both with good closet space. Enjoy the convenience of your own gated front courtyard plus a private patio with plenty of space for a grill. The Reserve at Kessler Heights is a gated community near plenty of dining, boutique shopping and entertainment - 5 mins to Bishop Arts District, 10 mins to Trinity Groves, golf courses and parks. Less than 15 minutes to downtown Dallas.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: North Oak Cliff
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Oak Cliff
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,080 |
| EXPENSES | Loan Payment | -$1,561 |
| Property Tax | -$1,066 | |
| Property Insurance | -$153 | |
| HOA | -$125 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$76
|
||
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.
$449,500
PROJECTED PRICE
$3,080
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 15.1% |
| Maintenance Year (1-5) | 8.00% |
| 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
$124,868
LOAN DETAILS
$1,561
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,375 |
| Loan Amount | $337,125 |
4.58
YEARS SAVED
$21,985
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,080
LIST RENT -
$1.42
LIST RENT PER SQFT
-
$3,334
COMP ESTIMATED VALUE -
$1.54
COMP AVG. RENT PER SQFT
Comps Range
-
644 Aspen Valley Lane Dallas, TX 2
- 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,172 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $3,080
- $1.42
-
933 W 8th Street Dallas, TX 1
- 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2018
LEASED 02/17/21- Rent
- Rent Per SQFT
- $3,000
- $1.49
-
1952 Kessler Heights Lane Dallas, TX 3
- 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2018
LEASED 03/13/20- Rent
- Rent Per SQFT
- $3,500
- $1.55
-
1868 Stevens Bluff Lane Dallas, TX 4
- 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2016
LEASED 09/28/20- Rent
- Rent Per SQFT
- $3,500
- $1.55
-
1880 Stevens Bluff Lane Dallas, TX 5
- 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2016
LEASED 08/27/20- Rent
- Rent Per SQFT
- $3,500
- $1.55
PROPERTY LISTING DETAILS
Compass Re Texas, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519277
Last Updated: 02/19/2021
