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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $174.61
- 2 Days on Market
- MLS # : 14519834
- Updated Date : 02/20/2021 at 17:23
CONSTRUCTION
- Beds : 4
- Floor Size : 2,462 sqft
- Baths : 2 full , 1 half
Listing Agent
Citiwide Alliance Realty
Listing Agent's Description
Wonderful Lake Highlands home under tall trees on a secluded street with little traffic. Large Master bedroom downstairs with vaulted ceilings & high windows to pour light into the room, plus separate jetted tub & shower. Large loft or game room that makes a great area for kids to have fun. Warm & cozy wood burning fireplace with gas start. Oversized swimming pool with flagstone edging for those HOT summer months that we all wish were here already! There's a cutout space for an extra freezer in the garage, new garage door in 2021, new roof coming soon. 3 bedrooms upstairs two are Jack & Jill * Bay Window * Intercom * Gas & electric dryer hook ups * Tile backsplash * Fresh exterior paint 2021 *HURRY!
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: Oakhurst
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oakhurst
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,490 |
| EXPENSES | Loan Payment | -$1,493 |
| Property Tax | -$1,019 | |
| Property Insurance | -$169 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$291
|
||
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.
$429,900
PROJECTED PRICE
$2,490
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 6.8% |
| 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
$119,674
LOAN DETAILS
$1,493
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $107,475 |
| Loan Amount | $322,425 |
1.25
YEARS SAVED
$2,597
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,490
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,493
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
9018 Oakpath Lane Dallas, TX 4
- 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 1983
![property image]()
- Rent
- Rent Per SQFT
- $2,490
- $1.01
-
9518 Timberleaf Drive Dallas, TX 1
- 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 1971
![property image]()
LEASED 12/21/20- Rent
- Rent Per SQFT
- $2,300
- $0.94
-
8838 Forest Green Drive Dallas, TX 2
- 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1973
![property image]()
LEASED 07/05/20- Rent
- Rent Per SQFT
- $2,400
- $1.00
-
8430 Birchcroft Drive Dallas, TX 3
- 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1966 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1966
![property image]()
LEASED 08/18/20- Rent
- Rent Per SQFT
- $2,425
- $1.02
-
9368 Hunters Creek Drive Dallas, TX 5
- 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1969
![property image]()
LEASED 11/03/20- Rent
- Rent Per SQFT
- $2,625
- $1.09
PROPERTY LISTING DETAILS
Citiwide Alliance Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519834
Last Updated: 02/20/2021
