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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $116.82
- 2 Days on Market
- MLS # : 14488612
- Updated Date : 12/18/2020 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,712 sqft
- Baths : 2 full
Listing Agent
Fathom Realty Llc
Listing Agent's Description
Buyers will love this 1-story maintained home with 4 spacious bedrooms, 2 full bathrooms, family room open to the dining area and kitchen, fenced backyard and an attached 2-car garage. Nice block with maintained homes. No neighbors behind you for extra backyard privacy. Agent and buyer should confirm schools. Room sizes are estimated and sq ft was obtained from tax records. Survey attached but buyer is responsible if a new survey is needed.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Neighborhood: Cedar Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cedar Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$474 | |
| Property Insurance | -$126 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$113
|
||
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.
$199,999
PROJECTED PRICE
$1,550
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 13.8% |
| 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
$58,750
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $50,000 |
| Loan Amount | $149,999 |
7.08
YEARS SAVED
$19,871
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,524
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
6678 Cool Morn Drive Dallas, TX 5
- 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $1,550
- $0.91
-
6118 Veranda Way Dallas, TX 1
- 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 2005
![property image]()
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,415
- $0.90
-
3444 Pinebrook Drive Dallas, TX 2
- 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,683 Sqft ∙ Built 2000
![property image]()
LEASED 11/18/19- Rent
- Rent Per SQFT
- $1,450
- $0.86
-
3345 Pinebrook Drive Dallas, TX 3
- 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2010
![property image]()
LEASED 06/28/19- Rent
- Rent Per SQFT
- $1,495
- $0.88
-
6123 Balcony Lane Dallas, TX 4
- 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 2010
![property image]()
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,495
- $0.92
PROPERTY LISTING DETAILS
Fathom Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488612
Last Updated: 12/18/2020
