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1108 Daventry Drive Glenn Heights, TX 75154

3 Beds 3 Baths 2,754 sqft Built 2016

$289,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $104.94
  • 5 Days on Market
  • MLS # : 14461951
  • Updated Date : 10/31/2020 at 16:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,754 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Arlington

Listing Agent's Description

Showings start Saturday Oct. 31st with an Open House from 1-3pm. Welcome Home! As soon as you walk in the front door, you’re greeted with high ceilings and natural light leaving you with a sense of serenity. Make your way into the kitchen to prepare dinner in the airy and spacious kitchen fully equipped with SS appliances, sky light and granite countertops. End your day relaxing in your master suite. Weekends plans won’t be necessary as the HOA has you taken care of with the community pool and play area. This home won’t sit for long, so it’s a MUST that you come out and see it TODAY!

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

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $110k243k

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

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10151734

* 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
Frank D. Moates Elementary School Primary Regular 641 39 4
Curtistene S Mccowan Middle School Middle Regular 846 52 2

Frank D. Moates Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 39
4
GreatSchools Rating

Curtistene S Mccowan Middle School

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

$260,100$317,900$289,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,066
Property Tax -$729
Property Insurance -$186
HOA -$39
Property Management Fees -$99
CASH FLOW
$151

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$289,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$27,452

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,272

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,2003$2,2704$2,3505$2,700
$2,700
RENT COMPS ANALYSIS
  • 1108 Daventry Drive Glenn Heights, TX 3
    • 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.82
    •  
  • 1743 Summerwood Lane Cedar Hill, TX 1
    • 4 beds 2 baths ∙ 2,463 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,463 Sqft ∙ Built 2007
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.77
    •  
  • 1229 Granada Drive Desoto, TX 2
    • 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 2016
    LEASED 05/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.88
    •  
  • 720 Candle Meadow Boulevard Desoto, TX 4
    • 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,059 Sqft ∙ Built 2004
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.77
    •  
  • 933 Trailwood Drive Desoto, TX 5
    • 4 beds 3 baths ∙ 3,076 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,076 Sqft ∙ Built 2005
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.88
    •  
PROPERTY LISTING DETAILS
Lisa Woulard
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461951
Last Updated: 10/31/2020
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