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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $141.58
- 4 Days on Market
- MLS # : 14490458
- Updated Date : 12/26/2020 at 11:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,799 sqft
- Baths : 2 full
Listing Agent
Indwell
Listing Agent's Description
The builder takes pride on this new construction. Features include 10' ceilings in living room and master suite, stainless steel appliances, open style kitchen with large island, walk in kitchen pantry, spacious laundry room with additional storage, natural stone counter tops throughout, premium flooring, custom cabinets and much more. Great location minutes from historic downtown Springtown and many restaurants. Make it yours before it's gone!
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
Zip Code: 76082
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76082
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,270 |
| EXPENSES | Loan Payment | -$940 |
| Property Tax | -$529 | |
| Property Insurance | -$131 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$429
|
||
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.
$254,700
PROJECTED PRICE
$1,270
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 6.6% |
| Maintenance Year (1-5) | 3.00% |
| 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
$69,496
LOAN DETAILS
$940
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $63,675 |
| Loan Amount | $191,025 |
0
YEARS SAVED
$2
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,270
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$1,259
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
965 Sam Street Springtown, TX 1
- 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,799 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,270
- $0.71
-
253 Firefly Drive Springtown, TX 2
- 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2007
LEASED 01/09/20- Rent
- Rent Per SQFT
- $1,350
- $0.70
PROPERTY LISTING DETAILS
Indwell
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14490458
Last Updated: 12/26/2020
