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10303 Donley Drive Irving, TX 75063

3 Beds 3 Baths 1,896 sqft Built 1997

$359,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $189.35
  • 1 Days on Market
  • MLS # : 14480412
  • Updated Date : 12/05/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,896 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Judge Fite

Listing Agent's Description

Exceptional single story in Valley Ranch! EAST facing, customized OPEN floorplan has tons of light and high ceilings! You'll love the low maintenance, easy living of this 3 bedroom, 2.1 bath with pool! ORIGINAL OWNER, immaculate condition, totally updated with granite in kitchen and baths. NO CARPET, ceramic tile throughout! Enjoy mornings on your covered patio, then take a dip in your private pool! Guest bath has a double shower with seat, main bath has oversized shower with seat and jet tub. Neighborhood aquatic center, tennis courts, fitness center, parks, access to 8+miles of Campion Trail walking and biking path! Upscale restaurants, shopping, major highway access, and airports all within 15 minutes!

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: The Lakes of Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $107k388k

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

Neighborhood: The Lakes of Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10432239

* 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
Tom Landry Elementary School Primary Regular 466 27 2
Barbara Bush Middle School Middle Regular 672 44 4
Ranchview High School High Regular 843 56 5

Tom Landry Elementary School

  • Education Level: Primary
  • # of students: 466
  • # of teachers: 27
2
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
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,325
Property Tax -$793
Property Insurance -$137
HOA -$50
Property Management Fees -$99
CASH FLOW
-$354

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.

$359,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.2%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$954

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
  • $1.08

    LIST RENT PER SQFT
  • $2,057

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0503$2,1004$2,1505$2,190
$2,190
RENT COMPS ANALYSIS
  • 10303 Donley Drive Irving, TX 2
    • 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.08
    •  
  • 310 Andre Drive Irving, TX 1
    • 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,869 Sqft ∙ Built 1993
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.07
    •  
  • 10214 Waters Drive Irving, TX 3
    • 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,841 Sqft ∙ Built 1993
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
  • 10313 Donley Drive Irving, TX 4
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 1995
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.08
    •  
  • 316 Touchdown Drive Irving, TX 5
    • 4 beds 2 baths ∙ 2,078 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,078 Sqft ∙ Built 1994
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.05
    •  
PROPERTY LISTING DETAILS
Karen Gearhart
Century 21 Judge Fite
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480412
Last Updated: 12/05/2020
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