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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $88.30
- 3 Days on Market
- MLS # : 14513316
- Updated Date : 02/05/2021 at 16:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,001 sqft
- Baths : 2 full , 1 half
Listing Agent
Jp And Associates Southlake
Listing Agent's Description
Amazingly spacious home with fresh updates! New roof, new solar screens,new carpet,newer HVAC and so much ROOM! Very open floor plan leads in from a nice foyer into a formal living and dining.Walk through the large living room w wood burning fireplace, light and bright throughout. Dining area or breakfast space, gourmet kitchen with island has bar seating.Stainless steel appliances,lovely cabinetry and lots of counter space.HUGE pantry with shelves galore! Every bedroom is HUGE with walk in closets.Master bedroom has 2 walk in closets,en suite bathroom with makeup vanity and garden tub.Spacious game room and wide hallways.Great location,close to shopping,dining,and lake recreation.Welcome home!
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: Cheyenne Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cheyenne Ridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$920 |
| Property Tax | -$607 | |
| Property Insurance | -$201 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$52
|
||
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.
$265,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.5% |
| 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
$75,975
LOAN DETAILS
$920
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,250 |
| Loan Amount | $198,750 |
5.08
YEARS SAVED
$13,948
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.63
LIST RENT PER SQFT
-
$1,943
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
-
7153 Little Mohican Drive Fort Worth, TX 4
- 4 beds 3 baths ∙ 3,001 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,001 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,900
- $0.63
-
6348 Apalachee Trail Fort Worth, TX 1
- 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2007
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,775
- $0.59
-
7424 Innisbrook Lane Fort Worth, TX 2
- 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,678 Sqft ∙ Built 2006
LEASED 12/22/20- Rent
- Rent Per SQFT
- $1,895
- $0.71
-
5833 Deck House Road Fort Worth, TX 3
- 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,049 Sqft ∙ Built 2008
LEASED 08/30/19- Rent
- Rent Per SQFT
- $1,900
- $0.62
-
6672 Cascade Canyon Trail Fort Worth, TX 5
- 5 beds 5 baths ∙ 3,189 Sqft ∙ Built 2006 5 beds 5 baths ∙ 3,189 Sqft ∙ Built 2006
LEASED 11/30/20- Rent
- Rent Per SQFT
- $2,150
- $0.67
PROPERTY LISTING DETAILS
Jp And Associates Southlake
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14513316
Last Updated: 02/05/2021
