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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $135.38
- 2 Days on Market
- MLS # : 14488746
- Updated Date : 12/19/2020 at 13:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,662 sqft
- Baths : 2 full
Listing Agent
Keller Williams-johnson County
Listing Agent's Description
Great, one owner, well maintained home walking distance to Bowman Branch Linear Park and James Coble middle school. This 3 bedroom, 2 bath home has a wonderful layout, good sized back yard, and has been well maintained. This home will be a wonderful home for first time buyers, or those looking to downsize to their final home. This home won't last long.
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: Ridge Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ridge Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$487 | |
| Property Insurance | -$123 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$171
|
||
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.
$225,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.76%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.6% |
| 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
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
8.33
YEARS SAVED
$28,822
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,708
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
8118 Macgregor Drive Arlington, TX 4
- 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,662 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $1,710
- $1.03
-
8125 Macgregor Drive Arlington, TX 1
- 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2005
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,650
- $1.01
-
920 Blue Sky Drive Arlington, TX 2
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 2004
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,690
- $1.03
-
800 Dove Meadows Drive Arlington, TX 3
- 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2007
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,695
- $1.04
-
8101 Young Court Arlington, TX 5
- 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2005
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,750
- $1.03
PROPERTY LISTING DETAILS
Keller Williams-johnson County
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488746
Last Updated: 12/19/2020
