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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $132.12
- 3 Days on Market
- MLS # : 14497593
- Updated Date : 01/15/2021 at 16:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,005 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty-fm
Listing Agent's Description
Newly Updated Home on huge corner lot has mortar smear and new paint on exterior of home while inside comes with 4 big bedroom's that each include walk-in closets, 2 updated bathrooms and a 2 car garage! living room has a fireplace, built-in desk and open concept to kitchen and dining area. Kitchen has new appliances and has an island! Home is just a mile from Eagle Mountain Lake, multiple parks and other rec areas. New carpet, fresh paint, new cedar fence, new stainless steel stove and dishwasher, new roof Oct. 2020. There is also a new shed on the side of the house for even more storage!
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: Stribling Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stribling Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$576 | |
| Property Insurance | -$143 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$212
|
||
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.
$264,900
PROJECTED PRICE
$1,950
PROJECTED RENT
0.74%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.8% |
| 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
$75,949
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,225 |
| Loan Amount | $198,675 |
8.25
YEARS SAVED
$28,755
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,905
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
700 Kriston Drive Azle, TX 5
- 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,950
- $0.97
-
1787 Rhonda B Road Azle, TX 1
- 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1995
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,495
- $0.90
-
605 Madeline Court Azle, TX 2
- 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 2019
LEASED 01/14/20- Rent
- Rent Per SQFT
- $1,595
- $0.93
-
1341 Briarwood Drive Azle, TX 3
- 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,771 Sqft ∙ Built 2017
LEASED 12/02/20- Rent
- Rent Per SQFT
- $1,750
- $0.99
-
1317 Oak Harbor Boulevard Azle, TX 4
- 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,906 Sqft ∙ Built 1988
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,875
- $0.98
PROPERTY LISTING DETAILS
Keller Williams Realty-fm
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14497593
Last Updated: 01/15/2021
