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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $167.14
- 2 Days on Market
- MLS # : 14519859
- Updated Date : 02/20/2021 at 09:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,447 sqft
- Baths : 3 full
Listing Agent
Congress Realty
Listing Agent's Description
This home is a custom design open house look.
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: 76044
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76044
* 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 | -$1,421 |
| Property Tax | -$898 | |
| Property Insurance | -$169 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$686
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$409,000
PROJECTED PRICE
$1,900
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 3.00% |
| 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
$110,385
LOAN DETAILS
$1,421
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,250 |
| Loan Amount | $306,750 |
-0.08
YEARS SAVED
-$10
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 -
$0.78
LIST RENT PER SQFT
-
$1,835
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
7312 Brogan Court Godley, TX 2
- 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $1,900
- $0.78
-
8324 C.r. 1006 Road Godley, TX 1
- 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,386 Sqft ∙ Built 2001
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.75
PROPERTY LISTING DETAILS
Congress Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519859
Last Updated: 02/20/2021
