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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $150.55
- 6 Days on Market
- MLS # : 14498181
- Updated Date : 01/14/2021 at 14:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,826 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Company
Listing Agent's Description
Another great home form Built-Rite Builders. 3 bedroom 2 bath 2 car garage in Inheritance Estates in Springtown. Beautiful wood grain ceramic tile floors in common areas. Wood burning stone fireplace in Living room. Open concept Kitchen and Dining. Custom wood cabinets and granite counter tops. Stainless Steel appliances double oven, built-in microwave,large Pantry. Breakfast bar. Natural light in Dining. Master bedroom with Master bath with separate tub and tiled and detailed shower, dual vanities, walk in closet. 2 additional bedrooms and another full bath also tiled enclosure (no fiberglass inserts here!). Covered back porch. Fenced backyard. Epoxy floored garage.Sprinklers and fully sodded.
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
Zip Code: 76082
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76082
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$571 | |
| Property Insurance | -$133 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$238
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$274,900
PROJECTED PRICE
$1,520
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| 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
$74,849
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
0.67
YEARS SAVED
$807
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,520
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,506
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
913 E 5th Street Springtown, TX 2
- 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,520
- $0.83
-
253 Firefly Drive Springtown, TX 1
- 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2007
LEASED 01/09/20- Rent
- Rent Per SQFT
- $1,350
- $0.70
-
340 Lynch Bend Road Springtown, TX 3
- 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2017
LEASED 09/17/19- Rent
- Rent Per SQFT
- $1,575
- $0.95
PROPERTY LISTING DETAILS
Century 21 Judge Fite Company
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14498181
Last Updated: 01/14/2021
