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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $149.80
- 3 Days on Market
- MLS # : 14477829
- Updated Date : 11/27/2020 at 17:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,064 sqft
- Baths : 3 full
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
FRESH! Nearly $100k in upgrades, NEW roof, NEW hardwood flooring, NEW Italian marble flooring in all bathrooms and utility room, NEW carpet, all NEW kitchen appliances, NEW luxury Carrara Italian marble counters in kitchen and all bathrooms with marble backspash, NEW interior doors, NEW ceiling fans, light fixtures, kitchen and bath fixtures, wall and door fixtures, NEW wood blinds, NEW paint throughout, expanded huge double pantry, two kitchen islands, solar screens for energy efficiency, double zoned HVAC. Fifth bedroom with wood floor and adjacent bath downstairs, Master bedroom and all others up. All flooring down is hardwood or marble. POOL and no HOA! NEW sprayed attic insulation for energy efficiency.
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: Villages of Russell Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villages of Russell Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$1,694 |
| Property Tax | -$781 | |
| Property Insurance | -$204 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$288
|
||
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.
$459,000
PROJECTED PRICE
$2,490
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.9% |
| 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
$127,385
LOAN DETAILS
$1,694
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $114,750 |
| Loan Amount | $344,250 |
1.83
YEARS SAVED
$6,872
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,490
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$2,459
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
8501 Wildcreek Drive Plano, TX 2
- 5 beds 3 baths ∙ 3,064 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,064 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $2,490
- $0.81
-
8501 Mesa Verde Drive Plano, TX 1
- 5 beds 3 baths ∙ 3,235 Sqft ∙ Built 1996 5 beds 3 baths ∙ 3,235 Sqft ∙ Built 1996
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $2,395
- $0.74
-
2512 Cima Hill Drive Plano, TX 3
- 4 beds 3 baths ∙ 3,085 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,085 Sqft ∙ Built 1999
![property image]()
LEASED 02/06/20- Rent
- Rent Per SQFT
- $2,500
- $0.81
-
2509 Cima Hill Drive Plano, TX 4
- 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 1999
![property image]()
LEASED 06/08/20- Rent
- Rent Per SQFT
- $2,500
- $0.81
-
8408 Hillendale Drive Plano, TX 5
- 5 beds 3 baths ∙ 3,062 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,062 Sqft ∙ Built 1997
![property image]()
LEASED 09/14/20- Rent
- Rent Per SQFT
- $2,595
- $0.85
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477829
Last Updated: 11/27/2020
