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1031 Wayne Avenue Duncanville, TX 75137

3 Beds 2 Baths 1,643 sqft Built 1984

$215,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $130.86
  • 2 Days on Market
  • MLS # : 14478172
  • Updated Date : 11/28/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,643 sqft
  • Baths : 2 full
Listing Agent

Q.co

Listing Agent's Description

A lovely single family one story home with 3 bedroom, 2 bath in an established Duncanville neighborhood. Located on a nice big corner lot with real entry garage. Soaring vaulted ceilings give this home an open inviting feeling. Fresh paint, and 1 month old roof. Close to major highways and shopping! Buyer and buyers agent to verify all measurements, schools, taxes, and all inform herein.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hollywood Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $87k243k

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

Neighborhood: Hollywood Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8741734

* 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
Brandenburg Intermediate School Primary Regular 540 34 4
Brandenburg Intermediate School Middle Regular 540 34 4
Duncanville High School High Regular 3,923 238 3

Brandenburg Intermediate School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 34
4
GreatSchools Rating

Brandenburg Intermediate School

  • Education Level: Middle
  • # of students: 540
  • # of teachers: 34
4
GreatSchools Rating

Duncanville High School

  • Education Level: High
  • # of students: 3,923
  • # of teachers: 238
3
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$793
Property Tax -$524
Property Insurance -$122
Property Management Fees -$99
CASH FLOW
$82

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.

$215,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.0%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$17,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,631

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6203$1,6754$1,7005$1,795
$1,795
RENT COMPS ANALYSIS
  • 1031 Wayne Avenue Duncanville, TX 2
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.99
    •  
  • 1019 Cedar Run Drive Duncanville, TX 1
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1985
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.02
    •  
  • 623 Eisenhower Drive Duncanville, TX 3
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1974
    property image
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.92
    •  
  • 1115 Wayne Avenue Duncanville, TX 4
    • 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,737 Sqft ∙ Built 1999
    property image
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
  • 1118 Wayne Avenue Duncanville, TX 5
    • 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,704 Sqft ∙ Built 1999
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.05
    •  
PROPERTY LISTING DETAILS
Michelle Lok
Q.co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478172
Last Updated: 11/28/2020
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