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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $177.96
- 2 Days on Market
- MLS # : 14509754
- Updated Date : 01/30/2021 at 19:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,691 sqft
- Baths : 3 full
Listing Agent
Fathom Realty
Listing Agent's Description
*All photos attached are for reference only of what we have built and can build. Call Beth Ross at 910-590-8244 for more information.* Falcon Ridge is a beautiful peaceful community located in New Fairview, TX off of 407. With minimum .50 acre lots and privacy fencing included. We have around 5-6 lots left available to build your dream home on. We have several different plans to choose from ranging from 2400 sf - 3476 sf. Our pricing starts around $450,000 and up; prices subject to change. We have 3 available specs currently that will be completed by April and June timeframe. All of our plans can be customized to fit your needs and desires. Contact Beth Ross for all further information to build your dream home.
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: Ski Haven
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ski Haven
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,410 |
| EXPENSES | Loan Payment | -$1,663 |
| Property Tax | -$998 | |
| Property Insurance | -$183 | |
| HOA | -$42 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$575
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$478,900
PROJECTED PRICE
$2,410
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.39% |
| 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
$128,909
LOAN DETAILS
$1,663
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $119,725 |
| Loan Amount | $359,175 |
0.17
YEARS SAVED
$111
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,410
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,408
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
8829 Hidden Pond Drive New Fairview, TX 2
- 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,410
- $0.90
-
15300 Sam Reynolds Road Justin, TX 1
- 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 2016
LEASED 08/28/20- Rent
- Rent Per SQFT
- $2,400
- $0.90
-
14705 Lost Wagon Street New Fairview, TX 3
- 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2020
LEASED 08/20/20- Rent
- Rent Per SQFT
- $2,495
- $0.89
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509754
Last Updated: 01/30/2021
