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
2450 Siltstone 
Midlothian, TX
76065
4 Beds 4 Baths 2,973 sqft
Built 2017
INVESTimate
$509,999
List Price
$140,900
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2017
- Price/Sqft : $171.54
- 2 Days on Market
- MLS # : 14419464
- Updated Date : 08/25/2020 at 22:24
CONSTRUCTION
- Beds : 4
- Floor Size : 2,973 sqft
- Baths : 3 full , 1 half
Listing Agent
Stryve Realty Llc
Listing Agent's Description
Welcome home! This is a beautiful and well maintained home built on a little more than an acre. This is what you have been looking for!
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: 76065
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 76065
* 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 | $2,480 |
| EXPENSES | Loan Payment | -$1,882 |
| Property Tax | -$1,113 | |
| Property Insurance | -$199 | |
| HOA | -$29 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$842
|
||
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.
$509,999
PROJECTED PRICE
$2,480
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.64% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$140,900
LOAN DETAILS
$1,882
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $127,500 |
| Loan Amount | $382,499 |
-0.08
YEARS SAVED
-$1
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,480
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,587
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
2450 Siltstone Midlothian, TX 3
- 4 beds 4 baths ∙ 2,973 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,973 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,480
- $0.83
-
437 Bentley Drive Midlothian, TX 1
- 3 beds 3 baths ∙ 2,770 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,770 Sqft ∙ Built 2016
LEASED 10/25/19- Rent
- Rent Per SQFT
- $2,450
- $0.88
-
450 Bentley Drive Midlothian, TX 2
- 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,833 Sqft ∙ Built 2016
LEASED 03/07/20- Rent
- Rent Per SQFT
- $2,450
- $0.86
PROPERTY LISTING DETAILS
Stryve Realty Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419464
Last Updated: 08/25/2020
