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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $132.99
- 2 Days on Market
- MLS # : 14469662
- Updated Date : 11/14/2020 at 09:40
CONSTRUCTION
- Beds : 4
- Floor Size : 2,143 sqft
- Baths : 2 full , 1 half
Listing Agent
Fathom Realty
Listing Agent's Description
Delightful well kept home nestled on a quiet street in a beautiful neighborhood. This home offers a sprawling open concept floor plan with vaulted ceilings in the family room, lots of windows with an abundance of natural light. Kitchen offers trendy gray & white granite with dark cabinetry and stainless steel appliances. Primary retreat downstairs with a huge walk in closet for all your wardrobe needs. Oversized shower, and modern color tones in primary bath retreat. Three additional large bedrooms up with a small loft niche. Backyard offers an open patio and a large backyard for family BBQ's and lots of room for kids to run and play.
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: 75407
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75407
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$594 | |
| Property Insurance | -$151 | |
| HOA | -$38 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$143
|
||
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.
$285,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 8.4% |
| 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
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
2.25
YEARS SAVED
$5,311
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,784
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
912 Mercury Drive Princeton, TX 2
- 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 2018
![property image]()
- Rent
- Rent Per SQFT
- $1,790
- $0.84
-
1008 Emerald Drive Princeton, TX 1
- 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 2019
![property image]()
LEASED 12/19/19- Rent
- Rent Per SQFT
- $1,685
- $0.79
-
1405 Granite Path Princeton, TX 3
- 4 beds 3 baths ∙ 2,147 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,147 Sqft ∙ Built 2017
![property image]()
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,800
- $0.84
-
702 Rustic Meadows Trail Princeton, TX 4
- 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 2018
![property image]()
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,800
- $0.84
-
1500 Copper Street Princeton, TX 5
- 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,089 Sqft ∙ Built 2017
![property image]()
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,800
- $0.86
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14469662
Last Updated: 11/14/2020
