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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $129.60
- 3 Days on Market
- MLS # : 14502657
- Updated Date : 01/22/2021 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,037 sqft
- Baths : 2 full
Listing Agent
Hopkins Realty & Assoc. Llc
Listing Agent's Description
Great starter home move-in ready in Highly rated Mansfield ISD! This very clean and well maintained home features 3 bedrooms and 2 bathrooms, and a office-study. It has a great open concept with a large living room, kitchen, and dining area. Laminate flooring throughout the home, a spacious master bedroom including a separate tub and shower, and oversized walk-in closet, a laundry room, and attached garage. Come to check it out before it's 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
Neighborhood: Fossil Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fossil Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$917 |
| Property Tax | -$572 | |
| Property Insurance | -$145 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$38
|
||
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.
$264,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.67%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 9.3% |
| 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
$75,710
LOAN DETAILS
$917
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $66,000 |
| Loan Amount | $198,000 |
5.17
YEARS SAVED
$13,982
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,798
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
7237 Jurassic Drive Arlington, TX 2
- 3 beds 2 baths ∙ 2,037 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,037 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,770
- $0.87
-
7206 Fossil Creek Arlington, TX 1
- 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 2005
LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,750
- $0.82
-
700 Stonedale Drive Arlington, TX 3
- 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2004
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,800
- $0.92
-
316 Flushing Quail Drive Arlington, TX 4
- 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 2001
LEASED 06/19/20- Rent
- Rent Per SQFT
- $1,800
- $0.90
-
617 Crownpoint Lane Arlington, TX 5
- 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2004
LEASED 05/05/20- Rent
- Rent Per SQFT
- $1,825
- $0.89
PROPERTY LISTING DETAILS
Hopkins Realty & Assoc. Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14502657
Last Updated: 01/22/2021
