Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
INVESTimate
$288,000
List Price
$82,070
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2015
- Price/Sqft : $178.99
- 3 Days on Market
- MLS # : 14417299
- Updated Date : 08/25/2020 at 10:11
CONSTRUCTION
- Beds : 4
- Floor Size : 1,609 sqft
- Baths : 2 full
Listing Agent
Fathom Realty
Listing Agent's Description
Stunning 4 bedroom brick and stone home with optional study and split bedrooms. Large living area features a fireplace, manufactured wood floors is open to the kitchen with extensive cabinets, granite countertops, bar, pantry, ss sink and appliances, and gas cooktop. The owner's retreat is split and features garden tub, sep shower, 2 sinks, and walk in closet. Walk out back thru screened door to covered patio with roll down screen. Patio has been extended, landscaped yard with steel posts wood fence. Drip irrigation for trees, plants, and flowerbeds. Landscape lighting. Roof is 1 year old. High efficiency HVAC and hot water heater. Water softener remains. Garage floor is coated with epoxy shield. Shelving
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: Westridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westridge
* 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 | $1,860 |
EXPENSES | Loan Payment | -$1,063 |
Property Tax | -$542 | |
Property Insurance | -$120 | |
HOA | -$58 | |
Property Management Fees | -$99 | |
CASH FLOW
-$23
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$288,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 2.50% |
Appreciation Year (1-5) | 2.50% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.00% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,070
LOAN DETAILS
$1,063
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $72,000 |
Loan Amount | $216,000 |
3.08
YEARS SAVED
$8,419
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$1,830
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Fathom Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14417299
Last Updated: 08/25/2020