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1047 Manacor Lane Dallas, TX 75212

3 Beds 4 Baths 2,531 sqft Built 2020

$545,067

List Price

$3,580

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $215.36
  • 6 Days on Market
  • MLS # : 14507061
  • Updated Date : 01/29/2021 at 13:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,531 sqft
  • Baths : 3 full , 1 half
Listing Agent

David M. Weekley

Listing Agent's Description

Spectacular home located on community greenbelt. This stunning home has everything you want in a home; enclosed study, private bedroom on every floor, beautiful modern design allows you the flexibility to decorate to your personal style. Large bedrooms, open concept kitchen and family room, and 3rd floor game room and roof deck. Definitely a must see.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Muncie

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $60k243k

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

Neighborhood: Muncie

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400150016001700Rent in $5601734

* 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
Sidney Lanier Expressive Arts Vanguard Primary Magnet 610 43 7
L.g. Pinkston High School Middle Regular 999 74 3
L.g. Pinkston High School High Regular 999 74 3

Sidney Lanier Expressive Arts Vanguard

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 43
7
GreatSchools Rating

L.g. Pinkston High School

  • Education Level: Middle
  • # of students: 999
  • # of teachers: 74
3
GreatSchools Rating

L.g. Pinkston High School

  • Education Level: High
  • # of students: 999
  • # of teachers: 74
3
GreatSchools Rating
 

$490,560$599,574$545,067

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 -$1,893
Property Tax -$1,292
Property Insurance -$173
HOA -$108
Property Management Fees -$99
CASH FLOW
$14

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$545,067

PROJECTED PRICE

$3,580

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.3%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
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-$5.0k$0.0$5.0k$10k$15k

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$146,443

INVESTMENT

$146,443

Down Payment
$136,267
Rehab Estimate
$2,000
Closing Costs
$8,176

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,893

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $136,267
Loan Amount $408,800
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$21,468

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
  • $1.41

    LIST RENT PER SQFT
  • $3,569

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$2,975
1$2,9752$3,1953$3,5004$3,5005$3,580
$3,580
RENT COMPS ANALYSIS
  • 1047 Manacor Lane Dallas, TX 5
    • 3 beds 4 baths ∙ 2,531 Sqft ∙ Built 2020 3 beds 4 baths ∙ 2,531 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $3,580
    • $1.41
    •  
  • 4019 Puget Street Dallas, TX 1
    • 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 2020
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $1.19
    •  
  • 647 Aspen Valley Lane Dallas, TX 2
    • 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2018
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.34
    •  
  • 2021 Dennison Street Dallas, TX 3
    • 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,248 Sqft ∙ Built 2020
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.56
    •  
  • 1880 Stevens Bluff Lane Dallas, TX 4
    • 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2016
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.55
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507061
Last Updated: 01/29/2021
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