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
- Single Family
- Built In 1995
- Price/Sqft : $130.19
- 4 Days on Market
- MLS # : 14483580
- Updated Date : 12/12/2020 at 11:29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,421 sqft
- Baths : 2 full
Listing Agent
Re/max Trinity
Listing Agent's Description
OPEN HOUSE SATURDAY DEC 12 1-3PM! Rare opportunity to own a wonderful home in a highly desirable neighborhood located in Benbrook and close proximity to I20! This home features three oversized bedrooms, all with huge walk in closets. This open concept floor plan has vaulted ceilings in the living room and feels larger than actual square footage. Wood burning fireplace, covered deck, storage building, and oversized two car garage are also featured amenities. Cosmetic updates are needed but roof and HVAC unit, inside and out, were replaced within the last year. Two refrigerators, washer and dryer all convey with the sale. Seller will not be doing any repairs. Lender required or otherwise.
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
Neighborhood: Winchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Winchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$683 |
| Property Tax | -$399 | |
| Property Insurance | -$109 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$130
|
||
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.
$185,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.77%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 6.8% |
| 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
$54,775
LOAN DETAILS
$683
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
8
YEARS SAVED
$22,449
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,478
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
7216 Stonegate Drive Benbrook, TX 1
- 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1995
![property image]()
- Rent
- Rent Per SQFT
- $1,420
- $1.00
-
10708 Cobblestone Drive Benbrook, TX 2
- 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 1996
![property image]()
LEASED 04/05/20- Rent
- Rent Per SQFT
- $1,475
- $1.06
-
7336 Royal Oak Drive Benbrook, TX 3
- 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1997
![property image]()
LEASED 09/26/19- Rent
- Rent Per SQFT
- $1,495
- $1.04
-
10813 Edgewater Drive Benbrook, TX 4
- 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1996
![property image]()
LEASED 07/12/19- Rent
- Rent Per SQFT
- $1,650
- $1.03
-
10300 Nelson Drive Benbrook, TX 5
- 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 2005
![property image]()
LEASED 05/10/20- Rent
- Rent Per SQFT
- $1,675
- $1.03
PROPERTY LISTING DETAILS
Re/max Trinity
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483580
Last Updated: 12/12/2020
