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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $141.79
- 4 Days on Market
- MLS # : 14483091
- Updated Date : 12/11/2020 at 10:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,833 sqft
- Baths : 2 full
Listing Agent
Robert Elliott And Associates
Listing Agent's Description
**Please submit best and final offers by Saturday, Dec. 12 at 5pm** Beautiful appointed one-story home on sought after Saint Andrews Place at Thorntree Golf Club. Walking distance to Clubhouse and Hole#1! Meticulously maintained by one owner, this home is open concept, perfectly updated. Custom glass front door, high ceiling entry & coat closet. Light and bright living room boasts hardwoods, floor to ceiling windows, and cozy fireplace. Pristine kitchen is updated with sleek granite and eat-in bar. Spacious master suite features walk-in closet, jetted tub, updated shower, plantation shutters. Outdoor patio is covered, has porch swing and custom landscaping. This lovely home is move in ready!
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
Neighborhood: St. George's Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: St. George's Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,140 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$750 | |
| Property Insurance | -$133 | |
| HOA | -$77 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$122
|
||
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.
$259,900
PROJECTED PRICE
$2,140
PROJECTED RENT
0.82%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 9.9% |
| 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
$74,624
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
6.17
YEARS SAVED
$21,798
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$1,489
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
912 Saint Andrews Place Desoto, TX 5
- 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1994
![property image]()
- Rent
- Rent Per SQFT
- $2,140
- $1.17
-
1706 Highgate Drive Duncanville, TX 1
- 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1975
![property image]()
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,449
- $0.71
-
1707 Limetree Lane Duncanville, TX 2
- 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1978
![property image]()
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,499
- $0.89
-
430 Timberline Drive Duncanville, TX 3
- 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,928 Sqft ∙ Built 1983
![property image]()
LEASED 06/25/19- Rent
- Rent Per SQFT
- $1,650
- $0.86
-
1021 Canyon Ridge Drive Desoto, TX 4
- 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1985
![property image]()
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,650
- $0.79
PROPERTY LISTING DETAILS
Robert Elliott And Associates
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14483091
Last Updated: 12/11/2020
