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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $137.23
- 2 Days on Market
- MLS # : 14489133
- Updated Date : 12/27/2020 at 00:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,709 sqft
- Baths : 3 full , 1 half
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
Fabulous location backs to woods & Lantana Golf Club creating gorgeous view & privacy*Wood & tile floors thru-out!*Study w-custom built ins*Updated kitchen has quartz counters, SS appl, Verona Pro Style commercial grade dbl oven range & vent hood, custom cabinetry, coffee bar, appl hideaway, brkfst bar-island combo, window seat w-storage*Laundry Rm w-fold stations & cabinets*Game Rm has walk out balcony*Work station*Media includes screen, projector, speakers & all equipment*Plantation shutters*Downstairs Master*Downstairs En-suite Guest Rm*En-suite up Bdrms w-walk in closets*Covered patio, built-in grill, sun shade, heated salt water pool & spa w-fountain*2 brand new ACs*4 year old water heater*3 year old roof!
SEE MORE
- . 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)
- 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)
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 | $3,230 |
| EXPENSES | Loan Payment | -$1,878 |
| Property Tax | -$1,152 | |
| Property Insurance | -$242 | |
| HOA | -$122 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$262
|
||
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.
$509,000
PROJECTED PRICE
$3,230
PROJECTED RENT
0.63%
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
$140,635
LOAN DETAILS
$1,878
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $127,250 |
| Loan Amount | $381,750 |
1.67
YEARS SAVED
$7,108
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,230
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$3,190
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
8717 Thompson Drive Lantana, TX 3
- 5 beds 4 baths ∙ 3,709 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,709 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $3,230
- $0.87
-
1240 Fortner Road Lantana, TX 1
- 5 beds 5 baths ∙ 3,615 Sqft ∙ Built 2010 5 beds 5 baths ∙ 3,615 Sqft ∙ Built 2010
LEASED 09/16/20- Rent
- Rent Per SQFT
- $3,000
- $0.83
-
8808 Wyatt Circle Lantana, TX 2
- 4 beds 4 baths ∙ 3,842 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,842 Sqft ∙ Built 2007
LEASED 11/24/20- Rent
- Rent Per SQFT
- $3,195
- $0.83
-
1304 Foxglove Circle Lantana, TX 4
- 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 2008
LEASED 04/21/20- Rent
- Rent Per SQFT
- $3,400
- $0.90
-
8908 Cypress Creek Road Lantana, TX 5
- 4 beds 4 baths ∙ 3,871 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,871 Sqft ∙ Built 2008
LEASED 08/23/20- Rent
- Rent Per SQFT
- $3,400
- $0.88
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14489133
Last Updated: 12/27/2020
