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INVESTimate
$355,000
List Price
$99,825
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $122.25
- 3 Days on Market
- MLS # : 14410474
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,904 sqft
- Baths : 2 full , 1 half
Listing Agent
Corum Realty
Listing Agent's Description
Highly sought-after Eldorado Heights is offering this well-maintained gem. Find your way home to a tranquil backyard with an updated private 8 ft fence. Invite friends & family to enjoy this well-lit custom-built patio cover with stamped concrete for entertaining, parties or a relaxing cook-out. Custom stone flower beds compliment the front & backyard, roof replaced 2017, full gutters, freshly stained exterior trim. Covered outside storage at the sideyard. Large eat-in kitchen with granite countertops, SS appliances, island & breakfast bar. Spacious master suite offers sitting area, dual sinks, separate shower, tub & walk in closet. Formal living, dinning & downstairs office could be 6th bedroom. Must see!
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: Eldorado Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eldorado Heights
* 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 | $2,050 |
EXPENSES | Loan Payment | -$1,310 |
Property Tax | -$669 | |
Property Insurance | -$195 | |
HOA | -$29 | |
Property Management Fees | -$99 | |
CASH FLOW
-$252
|
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.
$355,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.94% |
Appreciation Year (1-5) | 8.27% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 6.93% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$99,825
LOAN DETAILS
$1,310
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $88,750 |
Loan Amount | $266,250 |
1.5
YEARS SAVED
$3,587
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,178
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
Corum Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14410474
Last Updated: 08/25/2020