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
4313 Mistflower Way 
Northlake, TX
76226
4 Beds 3 Baths 2,399 sqft
Built 2020
INVESTimate
$362,940
List Price
$98,179
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2020
- Price/Sqft : $151.29
- 2 Days on Market
- MLS # : 14420545
- Updated Date : 08/25/2020 at 12:05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,399 sqft
- Baths : 3 full
Listing Agent
American Legend Homes
Listing Agent's Description
Canyon Falls in Northlake offers families outstanding schools and a location that offers an active lifestyle in a natural setting with parks, trails, dedicated woodlands and a near by lake. This neighborhood features a clubhouse with a club room, fitness center surrounded by a large community pool, splash pad and playground. At the center of the community the expansive and experiential Graham Branch Creek Preserve presents 200 acres of natural open space. A dog park, trail heads and 10 miles of nature trails and more complete this fantastic community.
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: Canyon Falls
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Canyon Falls
* 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 | $2,920 |
| EXPENSES | Loan Payment | -$1,339 |
| Property Tax | -$722 | |
| Property Insurance | -$166 | |
| HOA | -$207 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$387
|
||
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.
$362,940
PROJECTED PRICE
$2,920
PROJECTED RENT
0.80%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.59% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,179
LOAN DETAILS
$1,339
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $90,735 |
| Loan Amount | $272,205 |
10.25
YEARS SAVED
$65,681
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,920
LIST RENT -
$1.22
LIST RENT PER SQFT
-
$2,849
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
4313 Mistflower Way Northlake, TX 5
- 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,399 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,920
- $1.22
-
1421 Westborough Lane Northlake, TX 1
- 3 beds 2 baths ∙ 2,193 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,193 Sqft ∙ Built 2016
LEASED 08/02/19- Rent
- Rent Per SQFT
- $2,395
- $1.09
-
1104 Parkdale Drive Northlake, TX 2
- 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2017
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,500
- $1.20
-
3809 Cozy Pine Drive Northlake, TX 3
- 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,195 Sqft ∙ Built 2017
LEASED 08/31/19- Rent
- Rent Per SQFT
- $2,700
- $1.23
-
1509 Tumbleweed Trail Northlake, TX 4
- 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 2019
LEASED 02/14/20- Rent
- Rent Per SQFT
- $2,700
- $1.23
PROPERTY LISTING DETAILS
American Legend Homes
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420545
Last Updated: 08/25/2020
