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1026 Pedernales Trail Irving, TX 75063

3 Beds 2 Baths 1,897 sqft Built 2001

$349,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $184.45
  • 3 Days on Market
  • MLS # : 14541015
  • Updated Date : 03/27/2021 at 22:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,897 sqft
  • Baths : 2 full
Listing Agent

Gallagher Realtors

Listing Agent's Description

MULTIPLE OFFERS RECEIVED - OFFER DEADLINE SUN, 3-28 at 10:00PM. Hurry, hurry, hurry...this is the one you have been waiting for all winter! Meticulously maintained and updated throughout by the current owners. The open floorplan and vaulted ceiling are filled with natural light. Nicely landscaped and manicured lawn - front and back. Storage above garage for those extra things we just can't part with. Every aspect of this beautiful home is just perfect! All listing information deemed reliable, but should be indepently verified by the prospective buyer. Survey available.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $107k392k

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

Neighborhood: Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10432590

* 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
Bernice Chatman Freeman Elementary School Primary Regular 541 32 6
Barbara Bush Middle School Middle Regular 672 44 4
Ranchview High School High Regular 843 56 5

Bernice Chatman Freeman Elementary School

  • Education Level: Primary
  • # of students: 541
  • # of teachers: 32
6
GreatSchools Rating

Barbara Bush Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 44
4
GreatSchools Rating

Ranchview High School

  • Education Level: High
  • # of students: 843
  • # of teachers: 56
5
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,215
Property Tax -$694
Property Insurance -$137
HOA -$41
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.

$349,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,110

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0503$2,1004$2,1005$2,400
$2,400
RENT COMPS ANALYSIS
  • 1026 Pedernales Trail Irving, TX 4
    • 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,897 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.11
    •  
  • 633 Fiesta Circle Irving, TX 1
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1984
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.05
    •  
  • 9300 Vista Circle Irving, TX 2
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1996
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.15
    •  
  • 734 Marble Canyon Circle Irving, TX 3
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1987
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.10
    •  
  • 9401 Abbey Road Irving, TX 5
    • 3 beds 3 baths ∙ 2,095 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,095 Sqft ∙ Built 1993
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.15
    •  
PROPERTY LISTING DETAILS
Jim Shives
Gallagher Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14541015
Last Updated: 03/27/2021
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