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10865 Dixon Branch Drive Dallas, TX 75218

4 Beds 3 Baths 2,624 sqft Built 2012

$499,000

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $190.17
  • 4 Days on Market
  • MLS # : 14494722
  • Updated Date : 01/07/2021 at 15:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,624 sqft
  • Baths : 3 full
Listing Agent

Herrin Real Estate Llc

Listing Agent's Description

Beautiful one story home located in a nice gated community. This four bedroom, three bathroom home has a big kitchen with a large island that opens up to the living room. The kitchen is complimented by stainless steel appliances, and granite countertops. Ton of room for entertaining and a guest room with its own bath.

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: Enclave at Wyrick Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $102k569k

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

Neighborhood: Enclave at Wyrick Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9473209

* 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
Martha Turner Reilly Elementary School Primary Regular 565 34 8
Robert T. Hill Middle School Middle Regular 945 64 4
Bryan Adams High School High Regular 1,939 118 4

Martha Turner Reilly Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 34
8
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
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$1,733
Property Tax -$1,150
Property Insurance -$179
HOA -$67
Property Management Fees -$99
CASH FLOW
-$298

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.

$499,000

PROJECTED PRICE

$2,930

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,179

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,834

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$2,9303$2,950
$2,950
RENT COMPS ANALYSIS
  • 10865 Dixon Branch Drive Dallas, TX 2
    • 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,624 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $1.12
    •  
  • 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
    •  
  • 8677 Ballifeary Place Dallas, TX 3
    • 3 beds 3 baths ∙ 2,839 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,839 Sqft ∙ Built 2015
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.04
    •  
PROPERTY LISTING DETAILS
Connor Nichols
Herrin Real Estate Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494722
Last Updated: 01/07/2021
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