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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $235.78
- 6 Days on Market
- MLS # : 14504047
- Updated Date : 01/26/2021 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,286 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Beautiful, and Meticulously maintained Satterwhite Log home, sits on 2 ac, and features a 6 ac shared lake, Wrap around porches, 20x20 work shop with water and elect, and a storage shed with elect. Custom rock fireplace with blower, soaring vaulted ceiling, and lots of windows for natural light. Kitchen overlooks family room, breakfast bar with beautiful granite counters, built in appliances and walk in pantry. Large laundry w sink. Great size rooms, including second living office or game room. Nice master with his and hers closet and walk in shower. Guest room has on suite. enjoy your coffee overlooking lake. Bradford pear trees line the long concreate drive, plenty of room for RV Or Boat. easy access to I-20.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Farm View Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Farm View Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,872 |
| Property Tax | -$1,388 | |
| Property Insurance | -$159 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,599
|
||
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.
$539,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.36%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 5.1% |
| 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
$148,585
LOAN DETAILS
$1,872
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $134,750 |
| Loan Amount | $404,250 |
-0.33
YEARS SAVED
$6,235
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,737
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
7959 Fm 2728 Terrell, TX 2
- 3 beds 3 baths ∙ 2,286 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,286 Sqft ∙ Built 2006
- Rent
- Rent Per SQFT
- $1,920
- $0.84
-
1154 Anglin Way Terrell, TX 1
- 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,106 Sqft ∙ Built 2008
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,600
- $0.76
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14504047
Last Updated: 01/26/2021
