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10418 Koko Head Circle Dallas, TX 75218

3 Beds 3 Baths 2,826 sqft Built 1995

$469,900

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $166.28
  • 3 Days on Market
  • MLS # : 14532062
  • Updated Date : 03/12/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,826 sqft
  • Baths : 3 full
Listing Agent

Highlands Real Estate

Listing Agent's Description

Great Opportunity to own a spacious 3 bedroom, 3 bath, 3 car garage home, just 1 mile from White Rock Lake. This fabulous house is located on a quiet cul-de-sac in the highly desirable neighborhood of Old Lake Highlands. Home features open living & dining areas that connect to the large kitchen. High ceilings and large picture windows throughout the first floor give the house a spacious, light, and bright feel. The large upstairs 2nd living area could easily be converted into a 4th bedroom if needed. The backyard features a large covered patio that is perfect for outdoor entertaining. Walking distance to exemplary Hexter Elementary. Don't miss out on this great opportunity.

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: Lake Highlands Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $102k464k

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

Neighborhood: Lake Highlands Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9472690

* 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
Victor H. Hexter Elementary School Primary Regular 583 35 7
Robert T. Hill Middle School Middle Regular 945 64 4
Bryan Adams High School High Regular 1,939 118 4

Victor H. Hexter Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 35
7
GreatSchools Rating

Robert T. Hill Middle School

  • Education Level: Middle
  • # of students: 945
  • # of teachers: 64
4
GreatSchools Rating

Bryan Adams High School

  • Education Level: High
  • # of students: 1,939
  • # of teachers: 118
4
GreatSchools Rating
 

$422,910$516,890$469,900

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$1,632
Property Tax -$1,114
Property Insurance -$191
HOA -$21
Property Management Fees -$99
CASH FLOW
-$77

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$469,900

PROJECTED PRICE

$2,980

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$14,050

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $3,193

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9803$3,2504$3,275
$3,275
RENT COMPS ANALYSIS
  • 10418 Koko Head Circle Dallas, TX 2
    • 3 beds 3 baths ∙ 2,826 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,826 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.05
    •  
  • 8624 Fanellanwood Place Dallas, TX 1
    • 3 beds 4 baths ∙ 2,580 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,580 Sqft ∙ Built 2015
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.12
    •  
  • 10684 E Lake Highlands Drive Dallas, TX 3
    • 3 beds 3 baths ∙ 2,762 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,762 Sqft ∙ Built 1986
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.18
    •  
  • 10553 Plumwood Parkway Dallas, TX 4
    • 4 beds 3 baths ∙ 2,995 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,995 Sqft ∙ Built 2015
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,275
    • $1.09
    •  
PROPERTY LISTING DETAILS
Matthew Twomey
Highlands Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532062
Last Updated: 03/12/2021
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