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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $259.84
- 3 Days on Market
- MLS # : 14506750
- Updated Date : 01/29/2021 at 21:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,328 sqft
- Baths : 3 full
Listing Agent
Redfin Corporation
Listing Agent's Description
Showstopper! Stunning modern renovation in coveted Prestonwood zoned to RISD and sought after Brentfield, Parkhill, and Pearce. Spacious plan with formal dining open to kitchen and living that overlooks beautiful pool and spa. Professionally designed renovations. Soaring ceilings and large windows fill the home with natural light. Elegance flows throughout and no detail was missed in renovations. The serene primary suite features an amazing bath with a stylish tub, separate shower, dual sinks, and custom walk-in closet. Private backyard oasis with patio and sparkling pool provides additional outdoor living and entertaining space. Don't miss the full list of updates attached! 3D tour online!
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: Prestonwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Prestonwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$2,101 |
| Property Tax | -$1,434 | |
| Property Insurance | -$162 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,354
|
||
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.
$604,900
PROJECTED PRICE
$2,450
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.8% |
| 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
$166,049
LOAN DETAILS
$2,101
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $151,225 |
| Loan Amount | $453,675 |
-0.33
YEARS SAVED
$218
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,450
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$2,450
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
6526 La Manga Drive Dallas, TX 2
- 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $2,450
- $1.05
-
6312 Hickory Hill Drive Dallas, TX 1
- 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,397 Sqft ∙ Built 1983
LEASED 12/24/20- Rent
- Rent Per SQFT
- $2,400
- $1.00
-
15624 Golden Creek Road Dallas, TX 3
- 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 1983
LEASED 06/29/20- Rent
- Rent Per SQFT
- $2,500
- $1.03
-
7329 Foxworth Drive Dallas, TX 4
- 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 1972 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 1972
LEASED 11/23/20- Rent
- Rent Per SQFT
- $2,500
- $1.09
-
6901 Brentfield Drive Dallas, TX 5
- 4 beds 4 baths ∙ 2,481 Sqft ∙ Built 1977 4 beds 4 baths ∙ 2,481 Sqft ∙ Built 1977
LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,695
- $1.09
PROPERTY LISTING DETAILS
Redfin Corporation
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14506750
Last Updated: 01/29/2021
