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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $108.99
- 2 Days on Market
- MLS # : 14506720
- Updated Date : 03/06/2021 at 11:00
CONSTRUCTION
- Beds : 6
- Floor Size : 4,083 sqft
- Baths : 4 full
Listing Agent
Keller Williams Realty Best Sw
Listing Agent's Description
This one is a must-see!!! This well-maintained beauty has all that you need to allow you the capabilities to work from home or home school which features not only 6 bedrooms and 4 full baths but also a study, media room, game room, and large family room for entertaining. Two of the bedrooms are downstairs which includes a large master suite, nice size bedrooms, and walk-in closets throughout the home. Beautiful wood floors in entry, kitchen, family room dining, and master bedroom, granite counter-tops and stainless steel appliances in the kitchen, stone fireplace, rod iron stairway, and a double-wide covered patio to overlook the large fenced backyard which makes this the perfect place to call home!!
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: Estates at Grady Niblo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estates at Grady Niblo
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,930 |
| EXPENSES | Loan Payment | -$1,546 |
| Property Tax | -$1,055 | |
| Property Insurance | -$263 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$70
|
||
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.
$445,000
PROJECTED PRICE
$2,930
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.6% |
| 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
$123,675
LOAN DETAILS
$1,546
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
3.25
YEARS SAVED
$12,587
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,930
LIST RENT -
$0.72
LIST RENT PER SQFT
-
$3,634
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
6719 Old Settlers Way Dallas, TX 1
- 6 beds 4 baths ∙ 4,083 Sqft ∙ Built 2012 6 beds 4 baths ∙ 4,083 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $2,930
- $0.72
-
6815 Sunshade Lane Dallas, TX 2
- 5 beds 5 baths ∙ 4,270 Sqft ∙ Built 2015 5 beds 5 baths ∙ 4,270 Sqft ∙ Built 2015
LEASED 07/21/20- Rent
- Rent Per SQFT
- $3,800
- $0.89
PROPERTY LISTING DETAILS
Keller Williams Realty Best Sw
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14506720
Last Updated: 03/06/2021
