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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $225.95
- 7 Days on Market
- MLS # : 14510518
- Updated Date : 02/01/2021 at 19:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,355 sqft
- Baths : 3 full , 1 half
Listing Agent
Move Up America
Listing Agent's Description
The Nueces plan could be your next home! This 2,355 Sq Ft and offers a 1st-floor game room, powder bath, and rear entry 2 car garage. Our 2nd-floor features a large balcony off the family room, a center kitchen, and a dining. Tucked away on the 2nd floor are a guest bedroom and a full bath. The 3rd-floor has a large master suite and a roomy master bath with tub and shower; the master bedroom also has a private balcony. Down the hall are the utility room and guest suite with a full private bath. The elevator will take you to all 3 floors.
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: Vickery
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vickery
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,700 |
| EXPENSES | Loan Payment | -$1,848 |
| Property Tax | -$1,262 | |
| Property Insurance | -$163 | |
| HOA | -$127 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$799
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$532,122
PROJECTED PRICE
$2,700
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 3.00% |
| 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
$143,012
LOAN DETAILS
$1,848
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $133,031 |
| Loan Amount | $399,092 |
-0.08
YEARS SAVED
-$5
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,700
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$3,415
COMP ESTIMATED VALUE -
$1.45
COMP AVG. RENT PER SQFT
Comps Range
-
8230 Callimont Lane Dallas, TX 1
- 3 beds 4 baths ∙ 2,355 Sqft ∙ Built 2021 3 beds 4 baths ∙ 2,355 Sqft ∙ Built 2021
![property image]()
- Rent
- Rent Per SQFT
- $2,700
- $1.15
-
8215 Folcroft Lane Dallas, TX 2
- 3 beds 3 baths ∙ 2,431 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,431 Sqft ∙ Built 2018
![property image]()
LEASED 09/11/20- Rent
- Rent Per SQFT
- $3,500
- $1.44
-
7827 Verona Place Dallas, TX 3
- 3 beds 4 baths ∙ 2,507 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,507 Sqft ∙ Built 2018
![property image]()
LEASED 02/05/20- Rent
- Rent Per SQFT
- $3,650
- $1.46
PROPERTY LISTING DETAILS
Move Up America
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14510518
Last Updated: 02/01/2021
