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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $136.55
- 2 Days on Market
- MLS # : 14484525
- Updated Date : 12/26/2020 at 10:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,380 sqft
- Baths : 2 full , 1 half
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Welcome to a gorgeous, one-owner home at Thorntree Golf Club! Enter the home to find stunning hardwood floors, large rooms with high ceilings, crown molding, tray ceilings, decorative lighting, no carpet, & upgrades galore. French doors make the office a perfect place to work from home while the open-concept floorplan is a desirable place for family & friends to gather post pandemic. New appliances in 2018 will help you create a masterpiece in the kitchen while the sizable primary bedroom is the perfect retreat after a long day. Prepare to fall in love with the low-maintenance & tranquil backyard complete with two pergolas, stone walkway, & fresh landscaping. This well-loved, pristine home is ready for you!
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. Andrew's Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: St. Andrew's Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$777 | |
| Property Insurance | -$165 | |
| HOA | -$80 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$80
|
||
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.
$325,000
PROJECTED PRICE
$2,240
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 9.9% |
| Maintenance Year (1-5) | 8.00% |
| 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
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
2.92
YEARS SAVED
$9,261
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,874
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
-
918 Saint Andrews Place Desoto, TX 5
- 3 beds 3 baths ∙ 2,380 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,380 Sqft ∙ Built 1995
![property image]()
- Rent
- Rent Per SQFT
- $2,240
- $0.94
-
1021 Canyon Ridge Drive Desoto, TX 1
- 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
-
1340 Grand Teton Drive Desoto, TX 2
- 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,349 Sqft ∙ Built 1982
![property image]()
LEASED 09/25/20- Rent
- Rent Per SQFT
- $1,795
- $0.76
-
1104 Lexington Circle Desoto, TX 3
- 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,286 Sqft ∙ Built 1987
![property image]()
LEASED 11/25/19- Rent
- Rent Per SQFT
- $1,800
- $0.79
-
1445 Thunderbrook Drive Desoto, TX 4
- 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 1981
![property image]()
LEASED 12/12/20- Rent
- Rent Per SQFT
- $2,100
- $0.81
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14484525
Last Updated: 12/26/2020
