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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $219.80
- 4 Days on Market
- MLS # : 14512774
- Updated Date : 02/06/2021 at 17:04
CONSTRUCTION
- Beds : 3
- Floor Size : 2,252 sqft
- Baths : 2 full , 1 half
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
Wonderful single story American Legend home on an oversized lot in The Tribute. Walking distance to the school and plenty of room to build a pool! Home features hand scraped hardwoods, screened in porch, SS smart appliances, granite in kitchen, quartz in master bathroom, app controlled sprinkler system, appliances and more! This one has two office areas. The main office has built in shelves and the dinning area has a built in desk. Perfect for working at home or for the kids. The garage also has a work space area. Great location close to shopping, two of the best golf courses in the area and lake lewisville.
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
Zip Code: 75056
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75056
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,340 |
| EXPENSES | Loan Payment | -$1,719 |
| Property Tax | -$947 | |
| Property Insurance | -$157 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$683
|
||
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.
$495,000
PROJECTED PRICE
$2,340
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.8% |
| 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
$136,925
LOAN DETAILS
$1,719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
0.08
YEARS SAVED
$26
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,340
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$2,342
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
8245 Richmond The Colony, TX 4
- 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,252 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,340
- $1.04
-
7617 W Shore Drive The Colony, TX 1
- 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2020
LEASED 08/15/20- Rent
- Rent Per SQFT
- $2,000
- $1.00
-
12132 Knots Lane Frisco, TX 2
- 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2012
LEASED 09/19/20- Rent
- Rent Per SQFT
- $2,000
- $0.99
-
11812 Summer Springs Drive Frisco, TX 3
- 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 2013
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,150
- $1.06
-
5169 Rolling Hills Drive Frisco, TX 5
- 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2007
LEASED 01/17/20- Rent
- Rent Per SQFT
- $2,350
- $1.11
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14512774
Last Updated: 02/06/2021
