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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $157.45
- 4 Days on Market
- MLS # : 14480807
- Updated Date : 12/04/2020 at 15:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,772 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty Ftworth
Listing Agent's Description
immaculate two story modern farmhouse style home. With a spacious porch entry perfect for personalization, the modern wooden door leads you into ample floor-plan. The lower level is accompanied with the spacious master bedroom including dual sinks, a deep soaking tub, a chic shower, and a gracious walk- in closet. The second bedroom or potential office is versatile for your needs, and includes a walk-in closet. The modern kitchen was spared no expense. With custom cabinets, and an elegant granite choice. Two spacious bedrooms occupy the upper level, as well as a second full bath.
SEE MORE
- 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)
- # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
PRICE & RENT TRENDS
Neighborhood: Meadow Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadow Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,029 |
| Property Tax | -$669 | |
| Property Insurance | -$130 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$407
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$279,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 11.7% |
| Maintenance Year (1-5) | 3.00% |
| 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
$75,935
LOAN DETAILS
$1,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
0.08
YEARS SAVED
$20
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,719
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
8006 Melrose Street White Settlement, TX 1
- 4 beds 3 baths ∙ 1,772 Sqft ∙ Built 2020 4 beds 3 baths ∙ 1,772 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,520
- $0.86
-
413 Meadow Park Drive White Settlement, TX 2
- 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 2020
LEASED 03/24/20- Rent
- Rent Per SQFT
- $1,550
- $0.99
-
121 Wilson Cliff Drive White Settlement, TX 3
- 4 beds 2 baths ∙ 1,643 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,643 Sqft ∙ Built 2020
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,600
- $0.97
-
8427 Whitney White Settlement, TX 4
- 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2018
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,750
- $0.92
-
8425 Whitney Drive White Settlement, TX 5
- 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2018
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,790
- $1.00
PROPERTY LISTING DETAILS
Keller Williams Realty Ftworth
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14480807
Last Updated: 12/04/2020
