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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $166.56
- 2 Days on Market
- MLS # : 14511538
- Updated Date : 02/06/2021 at 03:00
CONSTRUCTION
- Beds : 4
- Floor Size : 4,503 sqft
- Baths : 4 full , 1 half
Listing Agent
Jp & Associates Frisco
Listing Agent's Description
IMMACULATE CUSTOM PAUL TAYLOR HOME ON OVER A THIRD ACRE WITH FOUR CAR GARAGE. THIS BEAUTIFUL 4 BED 4.5 BATH HOME BOASTS DECORATIVE LIGHTING, HARDWOODS, PLANTATION SHUTTERS, TWO STORY OPEN LIVING ROOM, AND CROWN MOLDING. HUGE EAT-IN KITCHEN WITH WALK IN PANTRY, OVER-SIZED ISLAND, DBL OVENS, AND GAS COOKTOP. ENJOY YOUR EVENINGS ON YOUR COVERED PATIO WITH FIREPLACE, KITCHEN, BUILT IN GRILL AND TV! MASTER BEDROOM FEATURES LARGE SITTING AREA AND STUNNING BATHROOM WITH CUSTOM CLOSET. LIVING ROOM FEATURES STONE FIREPLACE, BUILT INS AND SOARING CEILINGS. ALL BEDROOMS DOWN. OVERSIZED MEDIA, GAME ROOM W BAR AREA UPSTAIRS. EXEMPLARY PROSPER ISD! NEW CARPET, NEW OUTDOOR FRIDGE, NEW LIGHT FIXTURES & MIRRORS AND DISHWASHER.
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: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,880 |
| EXPENSES | Loan Payment | -$2,605 |
| Property Tax | -$1,465 | |
| Property Insurance | -$287 | |
| HOA | -$63 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$639
|
||
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.
$750,000
PROJECTED PRICE
$3,880
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| 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
$204,500
LOAN DETAILS
$2,605
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $187,500 |
| Loan Amount | $562,500 |
0.67
YEARS SAVED
$2,299
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,880
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$3,895
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
981 Caribou Drive Prosper, TX 2
- 4 beds 5 baths ∙ 4,503 Sqft ∙ Built 2012 4 beds 5 baths ∙ 4,503 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $3,880
- $0.86
-
561 Hidden Lake Drive Prosper, TX 1
- 4 beds 3 baths ∙ 4,547 Sqft ∙ Built 2005 4 beds 3 baths ∙ 4,547 Sqft ∙ Built 2005
LEASED 10/07/20- Rent
- Rent Per SQFT
- $3,500
- $0.77
-
1020 Caribou Drive Prosper, TX 3
- 4 beds 5 baths ∙ 4,413 Sqft ∙ Built 2011 4 beds 5 baths ∙ 4,413 Sqft ∙ Built 2011
LEASED 03/13/20- Rent
- Rent Per SQFT
- $3,950
- $0.90
-
1021 Circle J Trail Prosper, TX 4
- 5 beds 5 baths ∙ 4,667 Sqft ∙ Built 2015 5 beds 5 baths ∙ 4,667 Sqft ∙ Built 2015
LEASED 04/01/20- Rent
- Rent Per SQFT
- $4,250
- $0.91
-
1801 Fostermill Drive Prosper, TX 5
- 5 beds 4 baths ∙ 4,818 Sqft ∙ Built 2014 5 beds 4 baths ∙ 4,818 Sqft ∙ Built 2014
LEASED 05/08/20- Rent
- Rent Per SQFT
- $4,250
- $0.88
PROPERTY LISTING DETAILS
Jp & Associates Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14511538
Last Updated: 02/06/2021
