Mid-Century Modern, Fully Renovated

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943 Bridget Lane Dallas TX 75218

Beautiful Two Story Mid-Century Modern Home With All New Roof And Deck. Completely Renovated, Open Concept Kitchen, Living Room, Dining Room. Granite Counter Top Kitchen With New Stainless Steel Appliances. Renovated Master Bathroom With Over-sized Shower, Twin Vanities, And Granite. Space In Master Bedroom For Small Office, French Doors To Backyard Landscaped Front And Backyard With Shed

  • Bedrooms: 3
    Bathrooms: 2
    Square Feet: 1,626
  • Year Built: 1956
    Carport Spaces:
    HOA Dues:
  • Living Areas: 1
    Dining Areas: 1
    Stories: 2
  • Fireplaces:
    School:
    Lot Size:
  • Garage: 2
    MLS#: 13145277

Basic Purchase Information

  • Property Value (est.)95,000$
  • Purchase Price19,000$
  • Down Payment (20%)95,000$
  • Equity at Purchase24,000$

Mortgage Calculation

  • Interest Rate5.00(%)
  • Down Payment2.00(%)
  • Loan Term (Fixed)30
  • Loan Amount76,000$
  • Annual Payment4,896$
  • Monthly Payment4080$

Cash to Purchase

  • Down Payment (20%)19,000$
  • Closing Costs (3.0%)2,000$
  • Total Cash Required21,000$

Financial Performance Summary

Capitalization
Rate:
Cash-on-Cash
Return:
Total Equity
(Year 5):

Calculation Assumptions

  • Rental Income (mo.)5.00$
  • Property Taxes109$
  • Insurance55$
  • Homeowners Assoc.0$
  • Management Fee10(%)
  • Maintenance Reserve3.0(%)
  • Appreciation Rate 4.0(%)
  • Vacancy Allowance5.0(%)
  • Rental Income Increase3.0(%)
  • Property Tax Increase3.0(%)
  • Closing Costs (Buy)3.0(%)
  • Closing Costs (Sell)8.0(%)


Numbers in blue boxes can be modified. Calculations under all tabs update in real-time.

Cash Flow and Equity Accumulation

CASH FLOWYEAR 1YEAR 2YEAR 3YEAR 4YEAR 5YEAR 10YEAR 20YEAR 30
Gross Scheduled Income$18,000$18,540$19,096$19,66$20,259$23,486$31,563$42,418
less Vacancy Allowance$900$927$955$983$1,013$1,174$1,578$2,121
Total Operating Income$17,100$17,613$18,141$983$1,013$1,174$1,578$2,121
Property Taxes$900$927$955$983$1,013$1,174$1,578$2,121
Insurance$900$927$955$983$1,013$1,174$1,578$2,121
Homeowners Association$17,100$17,613$18,141$983$1,013$1,174$1,578$2,121
Maintenance Reserve$900$927$955$983$1,013$1,174$1,578$2,121
Property Management$900$927$955$983$1,013$1,174$1,578$2,121
Total Operating Expenses$17,100$17,613$18,141$983$1,013$1,174$1,578$2,121
Net Operating Income (NOI)$900$927$955$983$1,013$1,174$1,578$2,121
less Mortgage Expense$17,100$17,613$18,141$983$1,013$1,174$1,578$2,121
ANNUAL CASH FLOW$900$927$955$983$1,013$1,174$1,578$2,121
MONTHLY CASH FLOW$18,000$18,540$19,096$19,66$20,259$23,486$31,563$42,418

TAX BENEFITSYEAR 1YEAR 2YEAR 3YEAR 4YEAR 5YEAR 10YEAR 20YEAR 30
Depreciation$900$927$955$983$1,013$1,174$1,578$2,121
Mortgage Interest$18,000$18,540$19,096$19,66$20,259$23,486$31,563$42,418

EQUITY ACCUMULATIONYEAR 1YEAR 2YEAR 3YEAR 4YEAR 5YEAR 10YEAR 20YEAR 30
Property Value$900$927$955$983$1,013$1,174$1,578$2,121
less Mortgage Balance$900$927$955$983$1,013$1,174$1,578$2,121
EQUITY (WEALTH)$18,000$18,540$19,096$19,66$20,259$23,486$31,563$42,418

FINANCIAL PERFORMANCEYEAR 1YEAR 2YEAR 3YEAR 4YEAR 5YEAR 10YEAR 20YEAR 30
Capitalization (Cap) Rate$900$927$955$983$1,013$1,174$1,578$2,121
Cash on Cash Return (COC)$900$927$955$983$1,013$1,174$1,578$2,121
Return on Investment (ROI)$900$927$955$983$1,013$1,174$1,578$2,121
Internal Rate of Return (IRR)$18,000$18,540$19,096$19,66$20,259$23,486$31,563$42,418

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