Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $129.98
- 5 Days on Market
- MLS # : 14499520
- Updated Date : 01/15/2021 at 18:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,438 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
Come see this beautifully updated gem! This 4 bedroom, 2 full bathroom home has been updated with new carpet, paint throughout, new kitchen tile flooring, and a water heater! Darling drive-up appeal with a cozy front porch to relax and watch the neighbors drive by. The gourmet kitchen features dark cabinetry, under-mount dual sink and is open to the light and bright breakfast nook and living room. The peaceful primary bedroom is very spacious with high ceilings and an en-suite bathroom that features dual vanities, a soothing garden tub with a separate shower, and a nice walk-in closet with built-ins. Step out to the backyard and be impressed with the awesome pergola and extended patio!
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: Creekwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Creekwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,101 |
| Property Tax | -$688 | |
| Property Insurance | -$168 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$328
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$316,900
PROJECTED PRICE
$1,770
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 4.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| 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
$89,729
LOAN DETAILS
$1,101
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,225 |
| Loan Amount | $237,675 |
0.33
YEARS SAVED
$315
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$1,835
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
808 Hemlock Trail Saginaw, TX 2
- 3 beds 2 baths ∙ 2,438 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,438 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,770
- $0.73
-
1000 Peacock Drive Saginaw, TX 1
- 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 2001
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,695
- $0.75
-
8532 Cactus Flower Drive Fort Worth, TX 3
- 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 2002
LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,800
- $0.79
-
1164 Union Drive Saginaw, TX 4
- 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 1995
LEASED 09/29/20- Rent
- Rent Per SQFT
- $1,815
- $0.73
-
1300 Pepperidge Lane Fort Worth, TX 5
- 4 beds 2 baths ∙ 2,514 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,514 Sqft ∙ Built 2006
LEASED 12/03/20- Rent
- Rent Per SQFT
- $1,850
- $0.74
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14499520
Last Updated: 01/15/2021
