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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $180.31
- 4 Days on Market
- MLS # : 14510738
- Updated Date : 02/06/2021 at 17:03
CONSTRUCTION
- Beds : 3
- Floor Size : 3,438 sqft
- Baths : 3 full , 1 half
Listing Agent
Sophie Tel Diaz Real Estate
Listing Agent's Description
Gorgeous villa, backing to greenbelt with amazing views and privacy. This home is located in the heart of Colleyville. Open concept floorplan featuring plantation shutters and Travertine flooring. Kitchen with an oversized granite island, butler's pantry, gas cooktop, built-in fridge, stainless steel appliances, and breakfast bar. Living Room with gas fireplace, vaulted ceilings, and a wall of windows, allowing in plenty of natural light. Downstairs Master Retreat and Study with French doors. Upstairs Gameroom with dry bar. Private backyard with large open patio and plenty of yard space with Astroturf for low maintenance. Highly desirable Grapevine- Colleyville ISD!
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: Southwest Colleyville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southwest Colleyville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,570 |
| EXPENSES | Loan Payment | -$2,153 |
| Property Tax | -$1,194 | |
| Property Insurance | -$226 | |
| HOA | -$150 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$252
|
||
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.
$619,900
PROJECTED PRICE
$3,570
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$170,024
LOAN DETAILS
$2,153
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $154,975 |
| Loan Amount | $464,925 |
2.33
YEARS SAVED
$10,804
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,570
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$3,627
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
713 Creekview Lane Colleyville, TX 2
- 3 beds 4 baths ∙ 3,438 Sqft ∙ Built 2008 3 beds 4 baths ∙ 3,438 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $3,570
- $1.04
-
613 Colleyville Terrace Colleyville, TX 1
- 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007
LEASED 01/23/21- Rent
- Rent Per SQFT
- $3,400
- $1.09
-
4805 Lakewood Drive Colleyville, TX 3
- 4 beds 4 baths ∙ 3,595 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,595 Sqft ∙ Built 1997
LEASED 03/03/20- Rent
- Rent Per SQFT
- $3,650
- $1.02
PROPERTY LISTING DETAILS
Sophie Tel Diaz Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14510738
Last Updated: 02/06/2021
