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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $128.93
- 6 Days on Market
- MLS # : 14472740
- Updated Date : 11/18/2020 at 17:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,939 sqft
- Baths : 2 full
Listing Agent
Exp Realty, Llc
Listing Agent's Description
Built in 2014 this masterfully designed 4 bedroom home in desirable Tolar ISD sits in a private cul-de-sac; You'll love this manicured lawn and beautifully landscaped oversized lot with a sprinkler system. But don't stop there, come on in! The interior features rich dark wood cabinets and built ins, and granite counter tops throughout the home. Check out the incredible features in the photos, such as the wood burning stone fireplace, double crown molding the tiered living room ceiling, stainless steel appliances and walk in pantry. Master suite has a garden bathtub, and separate shower and separate vanities. Entertain on the covered outdoor patio! Don't' wait! Schedule your showing today before its gone!
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
Zip Code: 76476
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76476
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$486 | |
| Property Insurance | -$139 | |
| HOA | -$8 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$35
|
||
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.
$250,000
PROJECTED PRICE
$1,690
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 5.1% |
| 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
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
5.42
YEARS SAVED
$16,965
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,784
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
712 Denali Court Tolar, TX 2
- 4 beds 2 baths ∙ 1,939 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,939 Sqft ∙ Built 2014
![property image]()
- Rent
- Rent Per SQFT
- $1,690
- $0.87
-
9118 Parkview Circle Tolar, TX 1
- 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,637 Sqft ∙ Built 2010
![property image]()
LEASED 08/23/19- Rent
- Rent Per SQFT
- $1,500
- $0.92
PROPERTY LISTING DETAILS
Exp Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14472740
Last Updated: 11/18/2020
