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PROPERTY INFO
FACTS
- Single Family
- Built In 2008
- Price/Sqft : $113.98
- 3 Days on Market
- MLS # : 14519697
- Updated Date : 02/19/2021 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,632 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Apex, Realtors
Listing Agent's Description
Fantastic home located on a huge culdesac lot-just under a qtr acre! And, this home has a fantastic, highly sought after flr plan with all bedrms and an oversized game room on the 2nd level! Stunning wd style flring greets you in the entry and continues throughout the 1ST level! A study, or 3rd liv area opens adjacent to the entry. This flexible space would make a fantastic music room, home office, craft room, or whatever works best for you! The kitchen and family room overlook the huge back yard! And an open patio is perfect for grilling, entertaining, or just enjoying the day! The huge master suite includes a lovely bathroom w a garden tub, separate shower, and a spacious closet. WELCOME HOME!
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: Paloma Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paloma Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$629 | |
| Property Insurance | -$179 | |
| HOA | -$31 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$10
|
||
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.
$300,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.0% |
| 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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
4.42
YEARS SAVED
$13,161
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,020
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
800 Horizon Ridge Circle Little Elm, TX 2
- 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,632 Sqft ∙ Built 2008
- Rent
- Rent Per SQFT
- $1,990
- $0.76
-
1736 Kittyhawk Drive Little Elm, TX 1
- 4 beds 4 baths ∙ 2,776 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,776 Sqft ∙ Built 2007
LEASED 07/11/20- Rent
- Rent Per SQFT
- $1,975
- $0.71
-
709 Lovebird Lane Little Elm, TX 3
- 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2010
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,995
- $0.81
-
1616 S Nighthawk Drive Little Elm, TX 4
- 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,648 Sqft ∙ Built 2006
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,995
- $0.75
-
1624 Rosson Road Little Elm, TX 5
- 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,618 Sqft ∙ Built 2008
LEASED 10/06/20- Rent
- Rent Per SQFT
- $2,095
- $0.80
PROPERTY LISTING DETAILS
Coldwell Banker Apex, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519697
Last Updated: 02/19/2021
