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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $123.41
- 3 Days on Market
- MLS # : 14477690
- Updated Date : 11/27/2020 at 10:44
CONSTRUCTION
- Beds : 5
- Floor Size : 2,512 sqft
- Baths : 2 full
Listing Agent
Keller Williams Arlington
Listing Agent's Description
Welcome home! This house is way more than meets the eye. There have been a number of recent upgrades to the home. The kitchen has been enhanced with new stainless steel appliances, decorative lighting, and a beautiful 11 foot granite island that has storage on one side and seating on the other. The roof on this home is a class IV; that means it is made to withstand winds up to 130 MPH, and softball sized hail. The vinyl plank flooring on the bottom floor was recently installed, and it shows! The living room is wired for surround sound- perfect for the full entertainment experience. There are also LED recessed lights throughout the kitchen, living room, and 3 of the upstairs bedrooms. Schedule your tour today!
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: Cross Oak Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cross Oak Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$663 | |
| Property Insurance | -$172 | |
| HOA | -$32 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$190
|
||
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.
$310,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.3% |
| 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
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
1.58
YEARS SAVED
$3,900
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$1,953
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
9105 Chisholm Trail Cross Roads, TX 3
- 5 beds 2 baths ∙ 2,512 Sqft ∙ Built 2003 5 beds 2 baths ∙ 2,512 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,920
- $0.76
-
8516 Sagebrush Trail Cross Roads, TX 1
- 5 beds 3 baths ∙ 2,621 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,621 Sqft ∙ Built 2006
LEASED 01/03/20- Rent
- Rent Per SQFT
- $1,800
- $0.69
-
8733 Sagebrush Trail Cross Roads, TX 2
- 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2005
LEASED 10/26/20- Rent
- Rent Per SQFT
- $1,899
- $0.76
-
9012 Stewart Street Cross Roads, TX 4
- 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2005
LEASED 10/02/20- Rent
- Rent Per SQFT
- $2,050
- $0.79
-
1328 Red River Drive Aubrey, TX 5
- 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2015
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,200
- $0.87
PROPERTY LISTING DETAILS
Keller Williams Arlington
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14477690
Last Updated: 11/27/2020
