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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $160.46
- 3 Days on Market
- MLS # : 14488107
- Updated Date : 12/18/2020 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,932 sqft
- Baths : 2 full
Listing Agent
Elevate Realty Group-stephenville
Listing Agent's Description
Adorable home with fabulous amenities and beautiful finishes! Located in one of the mid-cities most desirable neighborhoods with highly sought-after schools. Open concept makes this home wonderful for family enjoyment and entertaining. Gorgeous granite in the kitchen with stainless steel appliances. Formal dining is open and inviting, and can be used as an office. Kitchen dining has a huge picture window with window seat, looking out into the backyard. Split bedrooms with a large master bath. Dual walk-in closets in master. The outdoor entertaining space is stunning with an oversized covered patio in the backyard. Beautifully landscaped with low maintenance greenery and perennial flowers. This one won't last!
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
Neighborhood: Timber Ridge Euless
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Timber Ridge Euless
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,980 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$602 | |
| Property Insurance | -$139 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$4
|
||
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.
$310,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.7% |
| 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
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
4.5
YEARS SAVED
$16,535
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,980
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,937
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
804 Glenn Drive Euless, TX 3
- 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $1,980
- $1.02
-
3412 Ridge Haven Circle Bedford, TX 1
- 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1981
LEASED 01/14/20- Rent
- Rent Per SQFT
- $1,745
- $0.98
-
1215 Douglas Street Euless, TX 2
- 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1970
LEASED 11/03/20- Rent
- Rent Per SQFT
- $1,795
- $0.94
-
900 Spring Oak Court Euless, TX 4
- 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,045 Sqft ∙ Built 1981
LEASED 03/25/20- Rent
- Rent Per SQFT
- $2,100
- $1.03
-
302 Shelmar Drive Euless, TX 5
- 3 beds 4 baths ∙ 2,083 Sqft ∙ Built 1973 3 beds 4 baths ∙ 2,083 Sqft ∙ Built 1973
LEASED 03/30/20- Rent
- Rent Per SQFT
- $2,200
- $1.06
PROPERTY LISTING DETAILS
Elevate Realty Group-stephenville
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488107
Last Updated: 12/18/2020
