Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $163.00
- 6 Days on Market
- MLS # : 14464877
- Updated Date : 11/06/2020 at 10:48
CONSTRUCTION
- Beds : 3
- Floor Size : 2,650 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14464877 - Built by Doug Parr Custom Homes - January completion!!! ~ Our Dodson plan features an open floorplan with a large family room and a dramatic floor to ceiling fireplace. The study and game room provide plenty of flex space to accommodate any of your needs. The covered patio with outdoor fireplace is a great spot for entertaining or relaxing after a long day. **Photos are of the Dodson floor plan previously built, colors and selections will vary**
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 76085
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76085
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,500 |
| EXPENSES | Loan Payment | -$1,594 |
| Property Tax | -$779 | |
| Property Insurance | -$180 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$152
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$431,950
PROJECTED PRICE
$2,500
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 3.00% |
| 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
$116,467
LOAN DETAILS
$1,594
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $107,988 |
| Loan Amount | $323,963 |
3.17
YEARS SAVED
$13,499
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,500
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,544
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
7097 Veal Station Weatherford, TX 1
- 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,500
- $0.94
-
116 Sablewood Court Azle, TX 2
- 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2016
![property image]()
LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,550
- $0.96
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14464877
Last Updated: 11/06/2020
