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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $147.15
- 4 Days on Market
- MLS # : 14482839
- Updated Date : 01/15/2021 at 14:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,665 sqft
- Baths : 2 full
Listing Agent
Orchard Brokerage
Listing Agent's Description
PLEASE SUBMIT HIGHEST AND BEST BY 1.18.2021 SELLER WILL REVIEW AT 5PM Beautiful single-story residence with various interior upgrades. New carpet and new paint throughout the entire home create a refreshed atmosphere. Open concept with generous room sizes, vaulted ceilings, and abundant natural light. Gorgeous kitchen with granite surfaces, sit-up island, and stainless appliances. Enjoy your breakfast nook with a coffee bar for slow Saturday mornings and make use of the formal dining for entertaining guests. The spacious master suite boasts a 5-piece bathroom and walk-in closet. On the exterior, the covered patio has a countryside view perfect for dining al-fresco. Clean and move-in ready with two-car garage.
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: 75166
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75166
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$851 |
| Property Tax | -$470 | |
| Property Insurance | -$123 | |
| HOA | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$150
|
||
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.
$245,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.72%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.4% |
| 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
$70,675
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
7.5
YEARS SAVED
$22,949
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,590
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
775 Fannin Drive Lavon, TX 5
- 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $1,760
- $1.06
-
590 Arthur Drive Lavon, TX 1
- 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,556 Sqft ∙ Built 2009
LEASED 05/11/20- Rent
- Rent Per SQFT
- $1,595
- $1.03
-
514 Lincoln Avenue Lavon, TX 2
- 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 2006
LEASED 01/05/21- Rent
- Rent Per SQFT
- $1,595
- $0.90
-
675 Austin Lane Lavon, TX 3
- 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2007
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,650
- $0.89
-
779 Fannin Drive Lavon, TX 4
- 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 2009
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.00
PROPERTY LISTING DETAILS
Orchard Brokerage
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14482839
Last Updated: 01/15/2021
