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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $173.14
- 6 Days on Market
- MLS # : 14489619
- Updated Date : 12/22/2020 at 10:12
CONSTRUCTION
- Beds : 3
- Floor Size : 2,189 sqft
- Baths : 2 full , 1 half
Listing Agent
Starpro Realty Inc.
Listing Agent's Description
Gorgeous East Facing 3 Bedroom,2.5 Baths, Covered Patio in Prime Valley Ranch Neighborhood and Coppell ISD. Light and open 2 story floor plan with Wood-grain vinyl plank in Living and Family, Fresh new paint, Kitchen with updated back splash, built in Microwave and Oven and Gas cooktop, Master bath remodeled with new shower glass and wall tiles. Don't miss this property,
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: Grand Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Grand Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,370 |
| EXPENSES | Loan Payment | -$1,398 |
| Property Tax | -$837 | |
| Property Insurance | -$154 | |
| HOA | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$167
|
||
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.
$379,000
PROJECTED PRICE
$2,370
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.00% |
| Appreciation Year (1-5) | 6.2% |
| Maintenance Year (1-5) | 8.00% |
| 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
$106,185
LOAN DETAILS
$1,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $94,750 |
| Loan Amount | $284,250 |
2.25
YEARS SAVED
$7,373
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,370
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$2,375
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
9704 Valley Ranch Parkway Irving, TX 5
- 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 1995
![property image]()
- Rent
- Rent Per SQFT
- $2,370
- $1.08
-
9716 Valley Ranch Parkway Irving, TX 1
- 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1995
![property image]()
LEASED 06/06/20- Rent
- Rent Per SQFT
- $2,299
- $1.08
-
9720 Windy Hollow Drive Irving, TX 2
- 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1993
![property image]()
LEASED 07/16/20- Rent
- Rent Per SQFT
- $2,300
- $1.12
-
9612 Cliffside Drive Irving, TX 3
- 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 1996
![property image]()
LEASED 08/31/20- Rent
- Rent Per SQFT
- $2,300
- $1.07
-
9703 Windy Hollow Drive Irving, TX 4
- 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 1992
![property image]()
LEASED 07/19/20- Rent
- Rent Per SQFT
- $2,350
- $1.07
PROPERTY LISTING DETAILS
Starpro Realty Inc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14489619
Last Updated: 12/22/2020
