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10927 Listi Drive Dallas, TX 75238

3 Beds 2 Baths 1,376 sqft Built 1980

$320,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $232.56
  • 4 Days on Market
  • MLS # : 14498288
  • Updated Date : 01/14/2021 at 17:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,376 sqft
  • Baths : 2 full
Listing Agent

Rogers Healy And Associates

Listing Agent's Description

Rare opportunity in the coveted RISD, this 3 bed 2 bath home is calling your name. Walk in to a bright and airy open concept living space, with a beautiful wood burning fire place that serves as the perfect focal point. A private backyard and two car garage with alley access give ample room for parking. Only a 5 minutes walk to the local park, you'll be surrounded by mature trees along the way. Just a short drive from all things East Dallas, this home puts you right in the mix. It is move in ready, but leaves room for you to make it your own! Recent updates include: 2018 Roof, water heater, floors, and paint. This darling East Dallas abode is ready to be your home.

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: Highland Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $88k310k

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

Neighborhood: Highland Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9451912

* 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
Wallace Elementary School Primary Regular 826 49 5
Lake Highlands Junior High School Middle Regular 817 51 6
Lake Highlands High School High Regular 1,707 112 5

Wallace Elementary School

  • Education Level: Primary
  • # of students: 826
  • # of teachers: 49
5
GreatSchools Rating

Lake Highlands Junior High School

  • Education Level: Middle
  • # of students: 817
  • # of teachers: 51
6
GreatSchools Rating

Lake Highlands High School

  • Education Level: High
  • # of students: 1,707
  • # of teachers: 112
5
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,111
Property Tax -$759
Property Insurance -$107
Property Management Fees -$99
CASH FLOW
-$276

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.

$320,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $1,809

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,8004$1,8405$1,950
$1,950
RENT COMPS ANALYSIS
  • 10927 Listi Drive Dallas, TX 3
    • 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,376 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.31
    •  
  • 11312 Carissa Drive Dallas, TX 1
    • 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,436 Sqft ∙ Built 1962
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.22
    •  
  • 8518 Capri Drive Dallas, TX 2
    • 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1960
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.43
    •  
  • 8945 Flicker Lane Dallas, TX 4
    • 4 beds 2 baths ∙ 1,513 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,513 Sqft ∙ Built 1969
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.22
    •  
  • 9022 Hackney Lane Dallas, TX 5
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1961
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.39
    •  
PROPERTY LISTING DETAILS
Matthew Harris
Rogers Healy And Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498288
Last Updated: 01/14/2021
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