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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $162.26
- 5 Days on Market
- MLS # : 14516847
- Updated Date : 02/13/2021 at 12:16
CONSTRUCTION
- Beds : 3
- Floor Size : 2,311 sqft
- Baths : 2 full
Listing Agent
Sixteen100 Realty, Llc
Listing Agent's Description
Come see this beauty before is gone!!! Like new, in the Midlothian ISD. Beautiful 3 bedroom, 2 bathrooms, office space, dinning area, and a three car garage. This home has been well maintain, ready to moving! It was equipped with a storm shelter for the protection of your loved ones. It also has custom shutters throughout the common areas, and keyless door locks. It sits on an beautiful acre lot with plenty of space to expand or build your dreamed backyard. Plus this home is outside the city limit, no city taxes.
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: La Vista Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: La Vista Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,230 |
| EXPENSES | Loan Payment | -$1,302 |
| Property Tax | -$627 | |
| Property Insurance | -$161 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$20
|
||
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.
$374,990
PROJECTED PRICE
$2,230
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.8% |
| 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
$105,122
LOAN DETAILS
$1,302
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,748 |
| Loan Amount | $281,243 |
5
YEARS SAVED
$19,269
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$2,280
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
9220 Alma Court Waxahachie, TX 3
- 3 beds 2 baths ∙ 2,311 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,311 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $2,230
- $0.96
-
6421 Quail Valley Drive Midlothian, TX 1
- 4 beds 2 baths ∙ 2,328 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,328 Sqft ∙ Built 2005
![property image]()
LEASED 03/23/20- Rent
- Rent Per SQFT
- $2,095
- $0.90
-
6606 Thistle Wood Drive Midlothian, TX 2
- 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2012
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,150
- $1.04
-
6614 Thistle Wood Drive Midlothian, TX 4
- 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 2013
![property image]()
LEASED 05/05/20- Rent
- Rent Per SQFT
- $2,350
- $1.02
PROPERTY LISTING DETAILS
Sixteen100 Realty, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14516847
Last Updated: 02/13/2021
