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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $162.99
- 3 Days on Market
- MLS # : 14474810
- Updated Date : 11/20/2020 at 15:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,613 sqft
- Baths : 3 full
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14474810 - Built by Doug Parr Custom Homes - January completion! ~ The Harper Plan is 2613 SF of living space. It has 4 bedrooms, 3 full bathrooms and a study. It boasts a large kitchen with an oversized island, custom cabinets and has granite throughout. Come enjoy the peaceful country side in front of the outdoor fireplace on your back patio. Photos are of a previous built home with the same floor plan so colors and selections will vary...
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: 76085
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76085
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,520 |
| EXPENSES | Loan Payment | -$1,571 |
| Property Tax | -$768 | |
| Property Insurance | -$178 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$96
|
||
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.
$425,900
PROJECTED PRICE
$2,520
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.0% |
| 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
$114,864
LOAN DETAILS
$1,571
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,475 |
| Loan Amount | $319,425 |
3.58
YEARS SAVED
$17,116
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,520
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,508
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
750 Finney Road Weatherford, TX 1
- 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,520
- $0.96
-
116 Sablewood Court Azle, TX 2
- 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,654 Sqft ∙ Built 2016
![property image]()
LEASED 11/01/19- Rent
- Rent Per SQFT
- $2,550
- $0.96
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14474810
Last Updated: 11/20/2020
