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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $122.11
- 3 Days on Market
- MLS # : 14498342
- Updated Date : 01/16/2021 at 13:35
CONSTRUCTION
- Beds : 4
- Floor Size : 3,333 sqft
- Baths : 3 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
So Many Reasons to love this Cute, David Weekly Built Home in the Heart of beautiful Lantana. Check out the location, less than a block away from Lantana's largest resort style pool, tennis courts, basketball court and Fitness Center. You will be so surprised at how much space this home has. Don't miss the small bonus room off of the kitchen, this can be used as a much needed second office, small tv room or play room. The Kitchen is very spacious with newly painted cabinets and a gorgeous tile backsplash. Look at how much space you have in the Master Bedroom and Bathroom. When you walk upstairs notice the like new carpet and the space abounds with 3 oversized bedrooms and a large loft area.
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: Lantana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lantana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,860 |
| EXPENSES | Loan Payment | -$1,414 |
| Property Tax | -$921 | |
| Property Insurance | -$220 | |
| HOA | -$101 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$106
|
||
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.
$407,000
PROJECTED PRICE
$2,860
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 4.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 7.37% |
| 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
$113,605
LOAN DETAILS
$1,414
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $101,750 |
| Loan Amount | $305,250 |
5.25
YEARS SAVED
$23,170
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,860
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,866
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
837 George Street Lantana, TX 4
- 4 beds 4 baths ∙ 3,333 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,333 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $2,860
- $0.86
-
750 Bradford Street Lantana, TX 1
- 4 beds 4 baths ∙ 3,320 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,320 Sqft ∙ Built 2001
LEASED 01/10/21- Rent
- Rent Per SQFT
- $2,795
- $0.84
-
1121 Mason Street Lantana, TX 2
- 5 beds 3 baths ∙ 3,385 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,385 Sqft ∙ Built 2001
LEASED 01/05/21- Rent
- Rent Per SQFT
- $2,800
- $0.83
-
1130 Mission Lane Lantana, TX 3
- 4 beds 4 baths ∙ 3,211 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,211 Sqft ∙ Built 2005
LEASED 01/14/21- Rent
- Rent Per SQFT
- $2,800
- $0.87
-
1200 Central Way Lantana, TX 5
- 4 beds 4 baths ∙ 3,211 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,211 Sqft ∙ Built 2005
LEASED 04/13/20- Rent
- Rent Per SQFT
- $2,900
- $0.90
PROPERTY LISTING DETAILS
Exp Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14498342
Last Updated: 01/16/2021
