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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $186.61
- 5 Days on Market
- MLS # : 14473686
- Updated Date : 11/19/2020 at 14:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,688 sqft
- Baths : 2 full
Listing Agent
Ebby Halliday, Realtors Mck
Listing Agent's Description
Very nice Country Home situated on a One acre cul de sac lot. If you are looking for more space in the country this is the one. Ceramic tile in all wet areas and laminate hardwood flooring in most of the living areas and enclosed sunroom. Decorative paint through out, open kitchen and breakfast bar with freshly painted cabinetry . Large covered back porch. Large fenced in backyard with cross fences. Lots of space to park a camper or motor home. Has RV Hookup and parking with second carport and workshop with electricity. HVAC and Roof replaced in 2016,Water Heater in 2017. Come take a look-This one has something for everyone in the family. Deed restrictions do not allow for horses in the neighborhood.
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
Zip Code: 75173
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75173
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$479 | |
| Property Insurance | -$125 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$205
|
||
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.
$315,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.7% |
| 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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
2.08
YEARS SAVED
$5,106
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,401
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
6626 Meadow Ridge Circle Nevada, TX 2
- 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,660
- $0.98
-
6985 Meadow Ridge Circle Nevada, TX 1
- 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 2001
LEASED 08/03/19- Rent
- Rent Per SQFT
- $1,550
- $0.83
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors Mck
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14473686
Last Updated: 11/19/2020
