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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $127.89
- 2 Days on Market
- MLS # : 14536945
- Updated Date : 03/20/2021 at 10:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,900 sqft
- Baths : 2 full
Listing Agent
B-21 Realty
Listing Agent's Description
This stunning residence in a well kept established neighborhood, will take your breath away! The immaculate modern living areas, with its smart and custom upgrades are simply delightful! LED new dimmer light fixtures throughout the house, Alexa compatible smart dimmer switches, Laminate and luxury vinyl flooring throughout the house, Completely renovated kitchen with marble countertops, Stainless steel appliances, New electrical panel, New HVAC system, Spacious closets, Sun-filled second living room, Custom bathroom with flattering above-sink vanity lights, Skylights, Moonlights, Sprinkler system, A private bonus room at the back of the house, And much MORE!!! Your new home in this pet friendly community..
SEE MORE
- 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)
- # 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)
PRICE & RENT TRENDS
Zip Code: 75146
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75146
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$844 |
| Property Tax | -$618 | |
| Property Insurance | -$137 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$158
|
||
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.
$243,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 11.3% |
| 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
$70,145
LOAN DETAILS
$844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,750 |
| Loan Amount | $182,250 |
1.25
YEARS SAVED
$1,478
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,648
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
929 Shell Lane Lancaster, TX 2
- 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 1983
![property image]()
- Rent
- Rent Per SQFT
- $1,540
- $0.81
-
1226 Southridge Drive Lancaster, TX 1
- 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1983
![property image]()
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,395
- $0.79
-
1313 Southridge Drive Lancaster, TX 3
- 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1984
![property image]()
LEASED 04/23/20- Rent
- Rent Per SQFT
- $1,545
- $0.87
-
528 Quail Hollow Drive Lancaster, TX 4
- 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1998
![property image]()
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,550
- $0.88
-
1113 Rosewood Lane Lancaster, TX 5
- 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1987
![property image]()
LEASED 12/07/20- Rent
- Rent Per SQFT
- $1,649
- $0.93
PROPERTY LISTING DETAILS
B-21 Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14536945
Last Updated: 03/20/2021
