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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $109.51
- 4 Days on Market
- MLS # : 14507881
- Updated Date : 01/28/2021 at 13:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,178 sqft
- Baths : 2 full
Listing Agent
Fathom Realty
Listing Agent's Description
Split floor plan with two bedrooms and bath at one end and master bedroom, bath and walk in closet at other end. home has tiled bathrooms, new flooring , baseboards, new paint, all windows updated or replaced as needed, new sink in guest bathroom. Includes: washer, dryer, electric stove, dishwasher is new, and refrigerator. Nice size lot with concrete pad in back yard. Has Carport. Being sold as is.
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
Zip Code: 75069
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75069
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,270 |
| EXPENSES | Loan Payment | -$448 |
| Property Tax | -$269 | |
| Property Insurance | -$95 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$359
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$129,000
PROJECTED PRICE
$1,270
PROJECTED RENT
0.98%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.1% |
| Maintenance Year (1-5) | 8.00% |
| 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
$39,935
LOAN DETAILS
$448
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $32,250 |
| Loan Amount | $96,750 |
15.75
YEARS SAVED
$33,734
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,270
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$1,260
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
8964 Leroy Road Princeton, TX 1
- 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,178 Sqft ∙ Built 1996
![property image]()
- Rent
- Rent Per SQFT
- $1,270
- $1.08
-
422 Harvard Drive Princeton, TX 2
- 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 2006
![property image]()
LEASED 04/15/20- Rent
- Rent Per SQFT
- $1,395
- $1.05
-
9085 Tumble Weed Trail Princeton, TX 3
- 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1996
![property image]()
LEASED 08/07/20- Rent
- Rent Per SQFT
- $1,450
- $1.05
-
414 Oxford Loop Princeton, TX 4
- 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,352 Sqft ∙ Built 2015
![property image]()
LEASED 03/07/20- Rent
- Rent Per SQFT
- $1,500
- $1.11
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14507881
Last Updated: 01/28/2021
