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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $83.86
- 3 Days on Market
- MLS # : 14477866
- Updated Date : 11/27/2020 at 21:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,327 sqft
- Baths : 3 full , 1 half
Listing Agent
6th Ave Homes
Listing Agent's Description
Wonderful spacious home with a huge backyard featuring a bbq area with a built in grill and a hot tub that conveys! This 5 bedroom 3.5 bath home has plenty of space for everyone! The master bedroom is located downstairs and there's an additional bonus room upstairs that can be used as a second living room or it would make a great game room. This home is located at the end of a cul-de-sac in a quiet neighborhood with a great community pool to enjoy during our long Texas summers. Come take a look today and make it your own!
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: Summer Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summer Creek Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,940 |
EXPENSES | Loan Payment | -$1,029 |
Property Tax | -$642 | |
Property Insurance | -$219 | |
HOA | -$96 | |
Property Management Fees | -$99 | |
CASH FLOW
-$145
|
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.
$279,000
PROJECTED PRICE
$1,940
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 6.7% |
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
$79,685
LOAN DETAILS
$1,029
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $69,750 |
Loan Amount | $209,250 |
1.67
YEARS SAVED
$3,705
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,940
LIST RENT -
$0.58
LIST RENT PER SQFT
-
$2,054
COMP ESTIMATED VALUE -
$0.62
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
6th Ave Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477866
Last Updated: 11/27/2020