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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $180.93
- 2 Days on Market
- MLS # : 14485713
- Updated Date : 12/19/2020 at 08:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,984 sqft
- Baths : 3 full
Listing Agent
Cmt Realty
Listing Agent's Description
Beautiful single story home in very sought after HARDAGE ESTATES!!! Sitting on almost half an acre, this home offers 4 bedrooms, 3 full baths, large kitchen and living areas perfect for entertaining. You'll be able to relax in your backyard oasis with a pool AND hot tub with still plenty of yard space. It also has a private electric gate on driveway to access the backyard and garage. It's a MUST SEE! Buyer and buyer agent to verify room measurements and schools. Buyers and agents must wear a mask. Below are some updated items from the sellers: New Exterior Windows - 2017 New Roof - 2020 New Gutters New Shed in backyard 10'x12'
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: Central Colleyville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Central Colleyville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,440 |
| EXPENSES | Loan Payment | -$1,992 |
| Property Tax | -$957 | |
| Property Insurance | -$200 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$192
|
||
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.
$539,900
PROJECTED PRICE
$3,440
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 8.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$148,824
LOAN DETAILS
$1,992
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $134,975 |
| Loan Amount | $404,925 |
6.58
YEARS SAVED
$51,033
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,440
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$3,141
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
-
904 Hardage Lane Colleyville, TX 5
- 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,984 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $3,440
- $1.15
-
504 Shelton Drive Colleyville, TX 1
- 3 beds 3 baths ∙ 2,678 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,678 Sqft ∙ Built 1976
LEASED 12/02/20- Rent
- Rent Per SQFT
- $2,800
- $1.05
-
705 Suellen Circle Colleyville, TX 2
- 4 beds 4 baths ∙ 3,231 Sqft ∙ Built 1977 4 beds 4 baths ∙ 3,231 Sqft ∙ Built 1977
LEASED 05/04/20- Rent
- Rent Per SQFT
- $3,150
- $0.97
-
5601 Hidden Oaks Drive Colleyville, TX 3
- 5 beds 4 baths ∙ 3,086 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,086 Sqft ∙ Built 1999
LEASED 08/19/20- Rent
- Rent Per SQFT
- $3,395
- $1.10
-
613 Colleyville Terrace Colleyville, TX 4
- 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007
LEASED 11/15/19- Rent
- Rent Per SQFT
- $3,400
- $1.09
PROPERTY LISTING DETAILS
Cmt Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485713
Last Updated: 12/19/2020
