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PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $150.89
- 3 Days on Market
- MLS # : 14462133
- Updated Date : 11/01/2020 at 00:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,352 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Beautiful 3 year old Custom built home by Rock Ridge homes, this 3 bedroom, 2 bath with formal office is open concept, split bedrooms & has a corner rock fireplace with gas logs. Large island and gourmet chef's kitchen to gather in. Has matching appliances, walk in pantry. Decorative crown molding, ceramic wood look tile floors, granite countertops throughout, lovely stained cabinets in kitchen and bathroom, Formal office with stained wood features & french doors. Large oversized backyard with a metal dog run. Home is on Ft Worth side of Godley making it easy to commute to the metroplex or to Chisholm Trail parkway. Master bedroom has an added sitting room or execise area making the room oversized.
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: Lakeside Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeside Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,309 |
| Property Tax | -$779 | |
| Property Insurance | -$163 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$481
|
||
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.
$354,900
PROJECTED PRICE
$1,870
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.1% |
| 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
$99,799
LOAN DETAILS
$1,309
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,725 |
| Loan Amount | $266,175 |
0.17
YEARS SAVED
$55
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,352
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
9408 County Road 1004 Godley, TX 1
- 3 beds 2 baths ∙ 2,352 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,352 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $1,870
- $0.80
-
9313 Alabama Street Joshua, TX 2
- 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,356 Sqft ∙ Built 2007
![property image]()
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,350
- $1.00
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14462133
Last Updated: 11/01/2020
