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1054 Shadyside Lane Dallas, TX 75223

4 Beds 5 Baths 3,652 sqft Built 2013

$750,000

List Price

$3,840

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $205.37
  • 5 Days on Market
  • MLS # : 14495104
  • Updated Date : 01/15/2021 at 09:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,652 sqft
  • Baths : 4 full , 1 half
Listing Agent

Paragon Realtors

Listing Agent's Description

Kensington Gardens Certified Energy Star home in Hollywood Heights! Do you want a newer home in the Lakewood Elementary School Zone with easy to maintain outdoor space? Super energy efficient home features hardwood flooring throughout first floor and stairs, downstairs Owner’s EnSuite Bedroom, open kitchen with eat in island and breakfast table space, and a large game room with bar area. You could also make one of the rooms upstairs the Owners bedroom if you want to be close to the kids. The kitchen features a large island and abundant cabinets with double oven and built in microwave and a 6-burner gas cooktop plus a wine cooler and walk in pantry. Close to Lindsley Park, the Santa Fe Trail and Lakewood area.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Hollywood Santa Monica

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $102k475k

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

Neighborhood: Hollywood Santa Monica

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9472542

* 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
Lakewood Elementary School Primary Regular 841 53 10
J.l. Long Middle School Middle Regular 1,299 83 5
Woodrow Wilson High School High Regular 1,697 100 5

Lakewood Elementary School

  • Education Level: Primary
  • # of students: 841
  • # of teachers: 53
10
GreatSchools Rating

J.l. Long Middle School

  • Education Level: Middle
  • # of students: 1,299
  • # of teachers: 83
5
GreatSchools Rating

Woodrow Wilson High School

  • Education Level: High
  • # of students: 1,697
  • # of teachers: 100
5
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$3,456$4,224$3,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,840
EXPENSES Loan Payment -$2,605
Property Tax -$1,778
Property Insurance -$238
HOA -$38
Property Management Fees -$99
CASH FLOW
-$918

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.

$750,000

PROJECTED PRICE

$3,840

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.8%
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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$92

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,840

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $3,835

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,840
$3,840
RENT COMPS ANALYSIS
  • 1054 Shadyside Lane Dallas, TX 2
    • 4 beds 5 baths ∙ 3,652 Sqft ∙ Built 2013 4 beds 5 baths ∙ 3,652 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,840
    • $1.05
    •  
  • 1311 Waterside Drive Dallas, TX 1
    • 3 beds 4 baths ∙ 3,329 Sqft ∙ Built 1998 3 beds 4 baths ∙ 3,329 Sqft ∙ Built 1998
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.05
    •  
PROPERTY LISTING DETAILS
Britt Lopez
Paragon Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495104
Last Updated: 01/15/2021
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