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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $92.59
- 2 Days on Market
- MLS # : 14487442
- Updated Date : 12/19/2020 at 21:28
CONSTRUCTION
- Beds : 3
- Floor Size : 2,052 sqft
- Baths : 2 full
Listing Agent
Ultima Real Estate
Listing Agent's Description
Living in the countryside with all amenities of the city, enjoy the tranquility of the countryside. With a little TLC this home could be a castle, it needs a good handyman. The property is offered as-is, The seller is not wailing to make any repairs.
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
Zip Code: 75474
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75474
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$701 |
| Property Tax | -$315 | |
| Property Insurance | -$146 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$570
|
||
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.
$190,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.96%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.0% |
| 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
$56,100
LOAN DETAILS
$701
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $47,500 |
| Loan Amount | $142,500 |
16.5
YEARS SAVED
$60,914
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,990
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
6767 Fm 36 Quinlan, TX 2
- 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,052 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,830
- $0.89
-
1859 Hollow Way Lane Quinlan, TX 1
- 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1997
LEASED 10/04/19- Rent
- Rent Per SQFT
- $1,700
- $0.97
PROPERTY LISTING DETAILS
Ultima Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14487442
Last Updated: 12/19/2020
