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109 Wild River Court Desoto, TX 75115

5 Beds 4 Baths 3,901 sqft Built 2015

$445,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $114.07
  • 1 Days on Market
  • MLS # : 14532594
  • Updated Date : 03/13/2021 at 10:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,901 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14532594 - Built by First Texas Homes - Ready Now! ~ This is the beautiful model with loads of upgrades! Nice large front porch. Lovely wood floors on 1st floor. Granite countertop, California island, 5-burner cooktop, double oven & walk-in pantry in kitchen. Curved wood staircase wrod iron railings. Media room has surround sound, projector screen, wet-bar & wood columns. Gorgeous decorative tile fireplace to ceiling, 2 full baths on 1st floor, jetted tub in master bath, full sod front & back, gutters, oversized lot & much more! Hurry...it won't last long!

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: Silver Creek Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Silver Creek Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10602171

* 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
Cockrell Hill Elementary School Primary Regular 565 37 5
Curtistene S Mccowan Middle School Middle Regular 846 52 2

Cockrell Hill Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 37
5
GreatSchools Rating

Curtistene S Mccowan Middle School

  • Education Level: Middle
  • # of students: 846
  • # of teachers: 52
2
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,546
Property Tax -$1,064
Property Insurance -$253
HOA -$40
Property Management Fees -$99
CASH FLOW
-$301

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.

$445,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.61%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,454

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,497

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,5003$2,5504$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 109 Wild River Court Desoto, TX 5
    • 5 beds 4 baths ∙ 3,901 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,901 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.69
    •  
  • 406 Mountain Circle Desoto, TX 1
    • 4 beds 4 baths ∙ 3,999 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,999 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.57
    •  
  • 1220 Clover Hill Lane Desoto, TX 2
    • 5 beds 4 baths ∙ 3,855 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,855 Sqft ∙ Built 2006
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.65
    •  
  • 1412 Daventry Drive Desoto, TX 3
    • 5 beds 4 baths ∙ 3,663 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,663 Sqft ∙ Built 1996
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.70
    •  
  • 317 Royal Crest Drive Desoto, TX 4
    • 5 beds 4 baths ∙ 4,128 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,128 Sqft ∙ Built 2003
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.64
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532594
Last Updated: 03/13/2021
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