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100 Kimili Court Irving, TX 75060

3 Beds 2 Baths 1,444 sqft Built 1988

$259,999

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $180.05
  • 4 Days on Market
  • MLS # : 14482723
  • Updated Date : 12/11/2020 at 19:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,444 sqft
  • Baths : 2 full
Listing Agent

The Cates Group

Listing Agent's Description

Immaculate one owner, well maintained home with upgrades throughout! Situated nicely on a corner lot and has such charming curb appeal! Just past the peaceful front porch you are immediately welcomed by new luxury vinyl flooring throughout, a cozy wood burning fireplace and a desirable updated white kitchen with granite countertops! This home features 3 bedrooms and 2 bathrooms. The owner's suite has dual closets, including one walk-in closet and a nicely renovated bathroom with dual sinks and a stand alone glass shower. Conveniently located to I-30 and still tucked away from major traffic. Quiet, established neighborhood. Information deemed reliable, but not guaranteed. Buyer to verify all information.

SEE MORE

MARKET HIGHLIGHTS

  • . 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: 75060

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 75060

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Townley Elementary School Primary Regular 731 46 5
Bowie Middle School Middle Regular 962 72 4
Nimitz High School High Regular 2,409 166 3

Townley Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 46
5
GreatSchools Rating

Bowie Middle School

  • Education Level: Middle
  • # of students: 962
  • # of teachers: 72
4
GreatSchools Rating

Nimitz High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 166
3
GreatSchools Rating
 

$233,999$285,999$259,999

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$959
Property Tax -$575
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
-$173

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.

$259,999

PROJECTED PRICE

$1,570

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $194,999
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,769

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,570

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,585

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,4953$1,4954$1,5705$1,750
$1,750
RENT COMPS ANALYSIS
  • 100 Kimili Court Irving, TX 4
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.09
    •  
  • 1504 Hux Court Irving, TX 1
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 1992
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.06
    •  
  • 2521 Markland Street Irving, TX 2
    • 4 beds 3 baths ∙ 1,357 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,357 Sqft ∙ Built 1994
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.10
    •  
  • 2117 Laurel Oaks Drive Irving, TX 3
    • 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,378 Sqft ∙ Built 1972
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.08
    •  
  • 2500 Markland Street Irving, TX 5
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1987
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.15
    •  
PROPERTY LISTING DETAILS
Kristin Arredondo
The Cates Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482723
Last Updated: 12/11/2020
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