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INVESTimate
$288,000
List Price
$82,070
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $166.67
- 2 Days on Market
- MLS # : 14420299
- Updated Date : 08/25/2020 at 23:39
CONSTRUCTION
- Beds : 3
- Floor Size : 1,728 sqft
- Baths : 2 full
Listing Agent
Beam Real Estate, Llc
Listing Agent's Description
1-Story Beautifully kept home with Walking distance pre-k , elementary, high school under half mile and across the house and road is a recreation center with a swimming pool and trail. This single story house has porcelain 17 x 17 travetine tiles everywhere. Plus all bathrooms (2 bath) have skylight and family room has two huge skylights. Popcorn ceiling was removed throughout the entire house. We received multiple offer please send best and highest offer. Owner will finalise on 29th August, Saturday at 7.00 PM
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: Oakridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oakridge
* 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 | $1,680 |
EXPENSES | Loan Payment | -$1,063 |
Property Tax | -$677 | |
Property Insurance | -$127 | |
Property Management Fees | -$99 | |
CASH FLOW
-$286
|
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
$1,680
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.78% |
Appreciation Year (1-5) | 10.12% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.39% |
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 |
0.58
YEARS SAVED
$780
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,672
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Beam Real Estate, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420299
Last Updated: 08/25/2020