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1026 Dayton Drive Lantana, TX 76226

4 Beds 5 Baths 3,775 sqft Built 2008

INVESTimate

$429,900

List Price

$3,110

$2,860 - $3,360

Rent Est.

$447,397  ( +4.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $113.88
  • 6 Days on Market
  • MLS # : 14418282
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,775 sqft
  • Baths : 4 full , 1 half
Listing Agent

5th Stream Realty

Listing Agent's Description

Four bedroom, 4.5 bath home in the desired golf community of Heritage. Wonderful spacious living spaces, ready for remote learning and work. Open floor plan provides a dream kitchen with granite counters tops, updated SS appliances, large island, ample storage,and counter space that opens to living with gas FP. Recent 6” wood flooring in main living areas, office, and master bedroom. Spacious master bath with dual sinks, massive closet, jetted tub and separate shower. Upstairs: 2 game areas, media room 2 bedrooms with en-suite baths, 3rd upstairs bedroom with semi-private bath. Recently upgraded HVAC. Community amenities include 3 fitness centers, 5 pools, parks, schools & hiking trails.

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

Neighborhood: Lantana

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Lantana

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Blanton Elementary School Primary Regular 575 37 9
Harpool Middle School Middle Regular 914 61 9
John H. Guyer High School High Regular 2,395 162 8

Blanton Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 37
9
GreatSchools Rating

Harpool Middle School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 61
9
GreatSchools Rating

John H. Guyer High School

  • Education Level: High
  • # of students: 2,395
  • # of teachers: 162
8
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$1,586
Property Tax -$973
Property Insurance -$245
HOA -$121
Property Management Fees -$99
CASH FLOW
$86

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.

$429,900

PROJECTED PRICE

$3,110

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.07%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$27,416

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $3,322

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1103$3,4004$3,4005$3,430
$3,430
RENT COMPS ANALYSIS
  • 1026 Dayton Drive Lantana, TX 2
    • 4 beds 5 baths ∙ 3,775 Sqft ∙ Built 2008 4 beds 5 baths ∙ 3,775 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $0.82
    •  
  • 1240 Fortner Road Lantana, TX 1
    • 5 beds 5 baths ∙ 3,615 Sqft ∙ Built 2010 5 beds 5 baths ∙ 3,615 Sqft ∙ Built 2010
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
  • 704 Skyler Street Argyle, TX 3
    • 4 beds 4 baths ∙ 3,782 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,782 Sqft ∙ Built 2008
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.90
    •  
  • 1304 Foxglove Circle Lantana, TX 4
    • 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,772 Sqft ∙ Built 2008
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.90
    •  
  • 1221 Grant Avenue Lantana, TX 5
    • 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,851 Sqft ∙ Built 2011
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $0.89
    •  
PROPERTY LISTING DETAILS
Christine Neill
5th Stream Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418282
Last Updated: 08/22/2020
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