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INVESTimate
$317,000
List Price
$89,755
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $114.11
- 2 Days on Market
- MLS # : 14415807
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,778 sqft
- Baths : 2 full , 1 half
Listing Agent
Mike Mazyck Realty
Listing Agent's Description
Your next home awaits!! This charming 2 story with large trees sits on a spacious corner lot in a nice neighborhood. Granite counters, large kitchen island, updated Master and powder bathrooms, modern fixtures, wood floors in living areas and spacious game room. Backyard enclosed with a sturdy board-on-board fence. Roof replaced June 2018. When it's hot, you can simply walk across the street to the community pool! Great location provides quick access to Hwy 66 and GB Tollway, shopping and the lake!
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
Neighborhood: Lakewood Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakewood Pointe
* 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 | $2,300 |
EXPENSES | Loan Payment | -$1,170 |
Property Tax | -$759 | |
Property Insurance | -$188 | |
HOA | -$29 | |
Property Management Fees | -$99 | |
CASH FLOW
$56
|
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.
$317,000
PROJECTED PRICE
$2,300
PROJECTED RENT
0.73%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 7.92% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.93% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,755
LOAN DETAILS
$1,170
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $79,250 |
Loan Amount | $237,750 |
5.17
YEARS SAVED
$20,232
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,300
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,299
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Mike Mazyck Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14415807
Last Updated: 08/25/2020