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INVESTimate
$405,900
List Price
$109,564
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $165.00
- 2 Days on Market
- MLS # : 14420025
- Updated Date : 08/25/2020 at 09:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,460 sqft
- Baths : 2 full , 1 half
Listing Agent
William Davis Realty Frisco
Listing Agent's Description
Brand New Custom Home Under Construction with LJ Custom Homes. This is the Elvia Plan. Four Bedrooms plus a study, loaded with upgrades. Gorgeous Private Community with only 20 homes on at least an Acre of Land with Pipe Fencing and 3 Car Garage. Sought After Community ISD. The views from these homes are amazing. Loaded with custom features. Only a few left, going fast. December 2020 to January 2021 estimated completion date All information to be verified by buyer before closing
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: 75442
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75442
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,330 |
EXPENSES | Loan Payment | -$1,498 |
Property Tax | -$789 | |
Property Insurance | -$169 | |
Property Management Fees | -$99 | |
CASH FLOW
-$225
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$405,900
PROJECTED PRICE
$2,330
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.78% |
Appreciation Year (1-5) | 9.76% |
Maintenance Year (1-5) | 3.00% |
Vacancy | 6.39% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$109,564
LOAN DETAILS
$1,498
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $101,475 |
Loan Amount | $304,425 |
2.17
YEARS SAVED
$7,222
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,330
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,337
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
William Davis Realty Frisco
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420025
Last Updated: 08/25/2020