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INVESTimate
$295,900
List Price
$80,414
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2019
- Price/Sqft : $127.98
- 3 Days on Market
- MLS # : 14419947
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,312 sqft
- Baths : 2 full , 1 half
Listing Agent
Lgi Homes
Listing Agent's Description
The Ozark features a stunning brick and stone entry, regal from the outside, and just as grand on the inside. Thoughtfully designed with your family in mind, and loaded with upgrades. Brand new, 2-story, 4-bedroom, 2.5-bath home, available in Beaver Creek. Inside you will find upgrades including granite countertops, espresso wood cabinetry, brushed nickel fixtures, rounded corners and raised panel doors. The chef-ready kitchen boasts all new stainless steel, energy efficient appliances, including refrigerator. The spacious family room features beautiful windows letting in plenty of natural light. A large, private master suite with double sink vanity and an over-sized walk-in closet are other exquisite details.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 76207
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76207
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,880 |
EXPENSES | Loan Payment | -$1,092 |
Property Tax | -$588 | |
Property Insurance | -$161 | |
HOA | -$25 | |
Property Management Fees | -$99 | |
CASH FLOW
-$85
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$295,900
PROJECTED PRICE
$1,880
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.78% |
Appreciation Year (1-5) | 8.56% |
Maintenance Year (1-5) | 3.00% |
Vacancy | 6.39% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$80,414
LOAN DETAILS
$1,092
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $73,975 |
Loan Amount | $221,925 |
3.33
YEARS SAVED
$9,718
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,873
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Lgi Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419947
Last Updated: 08/25/2020