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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $168.63
- 4 Days on Market
- MLS # : 14492013
- Updated Date : 12/31/2020 at 16:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,186 sqft
- Baths : 1 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Cute home with large private backyard. Come by and take a look at this gem of a find. Located just off of 820 and close to shopping and dining. Home features a new roof just recently installed back in Sept. AC installed in June 2019. New flooring throughout. New lighting and fixtures and newer fans throughout the home as well. Home has good space for growing family and backyard to hos large parties or the perfect space to build your private retreat in. Bring your buyers to see this one before it is gone (Property is listed as two separate homes on the tax roll, 8820 Spaugh, is the property to the left of the driveway in back)
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: White Settlement Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: White Settlement Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$479 | |
| Property Insurance | -$96 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$122
|
||
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.
$199,999
PROJECTED PRICE
$1,290
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| 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
$58,750
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $50,000 |
| Loan Amount | $149,999 |
1.58
YEARS SAVED
$2,425
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,216
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
8818 Spaugh Court White Settlement, TX 2
- 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,186 Sqft ∙ Built 1983
![property image]()
- Rent
- Rent Per SQFT
- $1,290
- $1.09
-
9020 Rowland Drive White Settlement, TX 1
- 4 beds 2 baths ∙ 1,152 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,152 Sqft ∙ Built 1999
![property image]()
LEASED 09/30/19- Rent
- Rent Per SQFT
- $1,150
- $1.00
-
405 Allencrest Drive White Settlement, TX 3
- 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1985
![property image]()
LEASED 10/25/19- Rent
- Rent Per SQFT
- $1,395
- $1.02
-
408 Allencrest Drive White Settlement, TX 4
- 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,322 Sqft ∙ Built 1985
![property image]()
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,395
- $1.06
-
500 Branch Circle White Settlement, TX 5
- 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1965
![property image]()
LEASED 11/13/19- Rent
- Rent Per SQFT
- $1,475
- $1.02
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14492013
Last Updated: 12/31/2020
