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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $115.51
- 6 Days on Market
- MLS # : 14472561
- Updated Date : 11/18/2020 at 10:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,644 sqft
- Baths : 2 full
Listing Agent
Altru Realty, Llc
Listing Agent's Description
Multiple offers received. Highest and best offers due by Sunday, 11-22-20, at 5pm. Beautiful, turn-key home is move-in ready! This very clean and well-maintained 2017 home features 3 bedrooms and 2 bathrooms and an open-concept layout including a large living room, a spacious eat-in kitchen, and a formal dining area. The features go on with a very spacious master bedroom en-suite which includes a full bathroom and a great walk-in closet, plus 2 additional secondary bedrooms, a good-sized laundry room and an attached 2 car garage. This home is conveniently located in a highly desirable area close to I-35 and I-20 for quick, easy access to these major highways. Come see it today 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: Wheatland Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wheatland Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$701 |
| Property Tax | -$450 | |
| Property Insurance | -$122 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$118
|
||
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.
$189,900
PROJECTED PRICE
$1,490
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 13.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$56,074
LOAN DETAILS
$701
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $47,475 |
| Loan Amount | $142,425 |
7.33
YEARS SAVED
$19,917
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,591
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
7706 Ike Avenue Dallas, TX 2
- 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,490
- $0.91
-
123 Idlewheat Lane Dallas, TX 1
- 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 2005
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,395
- $0.94
-
7532 Marietta Lane Dallas, TX 3
- 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,535 Sqft ∙ Built 2005
LEASED 12/23/19- Rent
- Rent Per SQFT
- $1,495
- $0.97
-
226 Cliff Heights Circle Dallas, TX 4
- 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,543 Sqft ∙ Built 2006
LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,495
- $0.97
-
149 Cliff Heights Circle Dallas, TX 5
- 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2006
LEASED 10/26/20- Rent
- Rent Per SQFT
- $1,595
- $0.99
PROPERTY LISTING DETAILS
Altru Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14472561
Last Updated: 11/18/2020
