Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10409 Sunshine Circle Dallas, TX 75238

4 Beds 4 Baths 3,382 sqft Built 1982

$725,000

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $214.37
  • 4 Days on Market
  • MLS # : 14502354
  • Updated Date : 01/23/2021 at 20:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,382 sqft
  • Baths : 4 full
Listing Agent

Rj Williams & Company Re Llc

Listing Agent's Description

Fully updated, open-concept home, nestled in the desirable Royal Highlands neighborhood of Lake Highlands. This beautifully designed, one-story gem features everything today’s buyers are looking for. Designer finishes throughout, Quartz countertops, 48inch, 8 burner stove and double oven, his and hers master bathrooms, formal living area, wet bar, and sparkling pool all make for an entertainers dream. Home has a 3 car garage, driveway and sits on corner of cul de sac which provide plenty of parking for guests. Do not miss this beautifully renovated home - nothing has been left undone!

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: Royal Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $102k572k

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

Neighborhood: Royal Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200340036003800Rent in $9473852

* 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
Northlake Elementary School Primary Regular 597 36 5
Lake Highlands Junior High School Middle Regular 817 51 6
Lake Highlands High School High Regular 1,707 112 5

Northlake Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 36
5
GreatSchools Rating

Lake Highlands Junior High School

  • Education Level: Middle
  • # of students: 817
  • # of teachers: 51
6
GreatSchools Rating

Lake Highlands High School

  • Education Level: High
  • # of students: 1,707
  • # of teachers: 112
5
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$3,222$3,938$3,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,580
EXPENSES Loan Payment -$2,518
Property Tax -$1,719
Property Insurance -$223
Property Management Fees -$99
CASH FLOW
-$979

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.

$725,000

PROJECTED PRICE

$3,580

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$37

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,580

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $3,574

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$3,295
1$3,2952$3,5003$3,5804$4,000
$4,000
RENT COMPS ANALYSIS
  • 10409 Sunshine Circle Dallas, TX 3
    • 4 beds 4 baths ∙ 3,382 Sqft ∙ Built 1982 4 beds 4 baths ∙ 3,382 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $1.06
    •  
  • 8717 Clover Meadow Drive Dallas, TX 1
    • 5 beds 4 baths ∙ 3,331 Sqft ∙ Built 1975 5 beds 4 baths ∙ 3,331 Sqft ∙ Built 1975
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $0.99
    •  
  • 10364 White Rock Circle Dallas, TX 2
    • 4 beds 4 baths ∙ 3,281 Sqft ∙ Built 1975 4 beds 4 baths ∙ 3,281 Sqft ∙ Built 1975
    property image
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.07
    •  
  • 9363 Hunters Creek Drive Dallas, TX 4
    • 4 beds 4 baths ∙ 3,599 Sqft ∙ Built 1969 4 beds 4 baths ∙ 3,599 Sqft ∙ Built 1969
    property image
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Julie Sherman
Rj Williams & Company Re Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502354
Last Updated: 01/23/2021
BESbswy