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INVESTimate
$527,836
List Price
$141,877
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $165.93
- 2 Days on Market
- MLS # : 14420553
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,181 sqft
- Baths : 3 full
Listing Agent
Taylor Morrison Realty Of Texa
Listing Agent's Description
MLS# 14420553 - Built by Taylor Morrison - December completion! ~ The Bonita will quickly be a community favorite and is the model home. A sprawling one-story with a J-Swing, 3rd car garage and courtyard entry has a beautiful curb appeal. Boasting 4 bedrooms, a study and game room all on one level the livability has been maximized. The gathering room is a hub overlooked by a gourmet kitchen and large island along with a casual dining area. Natural light spills into the space and the outdoor covered living area offers ample space to take the party outside. A formal dining room off the grand foyer is a welcoming entrance.
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: Harbor Grove Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Harbor Grove Estates
* 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 | $2,130 |
EXPENSES | Loan Payment | -$1,947 |
Property Tax | -$987 | |
Property Insurance | -$211 | |
HOA | -$63 | |
Property Management Fees | -$99 | |
CASH FLOW
-$1,177
|
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.
$527,836
PROJECTED PRICE
$2,130
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 9.26% |
Maintenance Year (1-5) | 3.00% |
Vacancy | 6.93% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$141,877
LOAN DETAILS
$1,947
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $131,959 |
Loan Amount | $395,877 |
-0.25
YEARS SAVED
-$73
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,130
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$2,704
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Taylor Morrison Realty Of Texa
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420553
Last Updated: 08/25/2020