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PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $146.06
- 1 Days on Market
- MLS # : 14532748
- Updated Date : 03/14/2021 at 00:10
CONSTRUCTION
- Beds : 3
- Floor Size : 2,054 sqft
- Baths : 2 full
Listing Agent
Skye Tx Realty Group
Listing Agent's Description
Charming corner lot home with a nice touch of original character. Invite guest into large living room anchored by a beautiful brick wood burning fireplace and wet bar. Large flex space could be used as second living space, office or play room. Kitchen includes casual dining area with views of the back patio space. The backyard is a dream with peaceful covered patio mature trees for privacy and storage building. A short distance from a few public parks where you can take long walks or have a picnic. Easy access to Hwy 121. Only minutes away from DFW International Airport. 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: 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 | $1,990 |
EXPENSES | Loan Payment | -$1,042 |
Property Tax | -$582 | |
Property Insurance | -$146 | |
Property Management Fees | -$99 | |
CASH FLOW
$121
|
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.
$299,999
PROJECTED PRICE
$1,990
PROJECTED RENT
0.66%
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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $75,000 |
Loan Amount | $224,999 |
6.42
YEARS SAVED
$22,698
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 -
$0.97
LIST RENT PER SQFT
-
$2,003
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Skye Tx Realty Group
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14532748
Last Updated: 03/14/2021