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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $159.46
- 6 Days on Market
- MLS # : 14493073
- Updated Date : 01/12/2021 at 17:17
CONSTRUCTION
- Beds : 4
- Floor Size : 3,606 sqft
- Baths : 2 full , 1 half
Listing Agent
Corey Simpson & Associates
Listing Agent's Description
Updated home on almost third acre lot in sought after PISD. Beautiful quarter sawn white oak SOLID wood floors greet you as you enter and extend though downstairs area. Kitchen boasts quartz ctops, custom cabinets, ss appliances and stone and glass backsplash. Floor to ceiling stone on fireplace. Remodeled master bath with custom cabinets made from clear alder wood,quartz ctops,freestanding tub,and frameless shower with built in fog free mirror. Custom master closet professionally designed. Flex room could be used for a second bedroom downstairs. Plantation shutters throughout. Heated pool with spa and landscaped yard complete this home. Come relax on huge covered patio overlooking goldfish pond. No PID or MUD.
SEE MORE
- # 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)
- . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
PRICE & RENT TRENDS
Zip Code: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,650 |
| EXPENSES | Loan Payment | -$1,997 |
| Property Tax | -$1,123 | |
| Property Insurance | -$236 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$859
|
||
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.
$575,000
PROJECTED PRICE
$2,650
PROJECTED RENT
0.46%
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
$158,125
LOAN DETAILS
$1,997
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $143,750 |
| Loan Amount | $431,250 |
0
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.
-
$2,650
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,768
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
740 Table Rock Drive Prosper, TX 3
- 4 beds 3 baths ∙ 3,606 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,606 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,650
- $0.73
-
831 Bridgeport Lane Prosper, TX 1
- 5 beds 4 baths ∙ 3,682 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,682 Sqft ∙ Built 2004
LEASED 12/09/19- Rent
- Rent Per SQFT
- $2,495
- $0.68
-
851 Willowgate Drive Prosper, TX 2
- 4 beds 4 baths ∙ 3,788 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,788 Sqft ∙ Built 2001
LEASED 10/07/20- Rent
- Rent Per SQFT
- $2,500
- $0.66
-
160 Dave Trail Prosper, TX 4
- 4 beds 4 baths ∙ 3,297 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,297 Sqft ∙ Built 2010
LEASED 05/05/20- Rent
- Rent Per SQFT
- $2,775
- $0.84
-
1310 Packsaddle Trail Prosper, TX 5
- 4 beds 4 baths ∙ 3,917 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,917 Sqft ∙ Built 2014
LEASED 10/30/20- Rent
- Rent Per SQFT
- $3,495
- $0.89
PROPERTY LISTING DETAILS
Corey Simpson & Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14493073
Last Updated: 01/12/2021
