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11123 Manorview Circle Dallas, TX 75228

4 Beds 3 Baths 3,026 sqft Built 1989

$499,290

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $165.00
  • 3 Days on Market
  • MLS # : 14520425
  • Updated Date : 02/27/2021 at 13:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,026 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Everything Texans want right now! This beautiful home is loaded with updates and features a sparkling pool with an attached spa. Situated on a tree lined cul-de-sac with views of the Dallas Athletic Club golfing greens from the upstairs balcony. Large kitchen with a stunning vaulted ceiling, Stainless Steel appliances and a breakfast banquette that adds a cozy vibe to the space. 2 bedrooms upstairs and 2 downstairs including the generously sized owners' suite with 2 walk in closets, separate shower and garden tub. 2 living areas with gas burning fireplaces and a 3 car garage. This home is ready to entertain with it's covered patio overlooking the heated pool. Recently painted for a light and bright finish out.

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

Neighborhood: Club Manor

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $88k388k

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

Neighborhood: Club Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9452250

* 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
Hillside Academy For Excel Primary Magnet 463 29 10
Classical Center At Brandenburg Middle School Middle Magnet 1,158 64 8
Sachse High School High Regular 2,859 159 7

Hillside Academy For Excel

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 29
10
GreatSchools Rating

Classical Center At Brandenburg Middle School

  • Education Level: Middle
  • # of students: 1,158
  • # of teachers: 64
8
GreatSchools Rating

Sachse High School

  • Education Level: High
  • # of students: 2,859
  • # of teachers: 159
7
GreatSchools Rating
 

$449,361$549,219$499,290

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,734
Property Tax -$1,184
Property Insurance -$202
HOA -$25
Property Management Fees -$99
CASH FLOW
-$724

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.

$499,290

PROJECTED PRICE

$2,520

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 13.2%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$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$138,062

INVESTMENT

$138,062

Down Payment
$124,823
Rehab Estimate
$5,750
Closing Costs
$7,489

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,823
Loan Amount $374,468
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$1

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,421

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,520
$2,520
RENT COMPS ANALYSIS
  • 11123 Manorview Circle Dallas, TX 2
    • 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.83
    •  
  • 525 Candlewood Lane Garland, TX 1
    • 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 1974 4 beds 3 baths ∙ 3,110 Sqft ∙ Built 1974
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
PROPERTY LISTING DETAILS
Philip Hobson
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14520425
Last Updated: 02/27/2021
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