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PROPERTY INFO
FACTS
- Single Family
- Built In 2021
- Price/Sqft : $235.28
- 2 Days on Market
- MLS # : 14509808
- Updated Date : 01/30/2021 at 16:14
CONSTRUCTION
- Beds : 3
- Floor Size : 2,114 sqft
- Baths : 2 full
Listing Agent
Homesusa.com
Listing Agent's Description
MLS# 14509808 - Built by Coventry Homes - May completion! ~ This stunning single story home is situated on an oversized lot. As you enter, you are welcomed by natural light, rich wood floors, 8-foot doors, 12-foot ceilings and stylish art niches throughout. The gourmet kitchen is equipped with an oversized quartz island, stainless steel appliances and a gas cooktop. This open plan is ideal for entertaining family and friends. The family room boasts 7-foot windows, a built-in media center and is prewired for surround sound. After a long day, relax in the luxurious master suite that features an attached sitting area and a spa-like bath. The master bath includes an oversized shower & a soaking tub.
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: Lantana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lantana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,420 |
| EXPENSES | Loan Payment | -$1,728 |
| Property Tax | -$1,126 | |
| Property Insurance | -$149 | |
| HOA | -$121 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$802
|
||
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.
$497,373
PROJECTED PRICE
$2,420
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 4.1% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 7.37% |
| 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
$133,804
LOAN DETAILS
$1,728
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $124,343 |
| Loan Amount | $373,030 |
0.08
YEARS SAVED
$28
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,420
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$2,447
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
9313 Violet Drive Lantana, TX 3
- 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 2021 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 2021
- Rent
- Rent Per SQFT
- $2,420
- $1.14
-
8200 Watson Road Lantana, TX 1
- 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,155 Sqft ∙ Built 2003
LEASED 04/08/20- Rent
- Rent Per SQFT
- $2,300
- $1.07
-
1181 Noble Avenue Lantana, TX 2
- 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 2003
LEASED 10/30/20- Rent
- Rent Per SQFT
- $2,350
- $1.07
-
9029 Violet Drive Lantana, TX 4
- 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2017
LEASED 08/08/19- Rent
- Rent Per SQFT
- $2,700
- $1.22
-
8409 Bayberry Avenue Lantana, TX 5
- 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,126 Sqft ∙ Built 2011
LEASED 01/13/21- Rent
- Rent Per SQFT
- $2,700
- $1.27
PROPERTY LISTING DETAILS
Homesusa.com
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14509808
Last Updated: 01/30/2021
