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1114 Shadyside Lane Dallas, TX 75223

3 Beds 4 Baths 3,147 sqft Built 2016

$719,000

List Price

$3,630

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $228.47
  • 3 Days on Market
  • MLS # : 14471276
  • Updated Date : 11/13/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,147 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jp & Associates Plano

Listing Agent's Description

Great location and Lakewood neighborhood home. Walking distance to white rock lake and Tenison Park golf course Backing up to the Santa Fe trail with wooded view. Gorgeous oversize Master suit. Hardwood floors on first and second stores. Butler's pantry with wine fridge. See thought fireplace.

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: Hollywood Santa Monica

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $102k475k

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

Neighborhood: Hollywood Santa Monica

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9472542

* 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
Lakewood Elementary School Primary Regular 841 53 10
J.l. Long Middle School Middle Regular 1,299 83 5
Woodrow Wilson High School High Regular 1,697 100 5

Lakewood Elementary School

  • Education Level: Primary
  • # of students: 841
  • # of teachers: 53
10
GreatSchools Rating

J.l. Long Middle School

  • Education Level: Middle
  • # of students: 1,299
  • # of teachers: 83
5
GreatSchools Rating

Woodrow Wilson High School

  • Education Level: High
  • # of students: 1,697
  • # of teachers: 100
5
GreatSchools Rating
 

$647,100$790,900$719,000

PURCHASE PRICE

$3,267$3,993$3,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,630
EXPENSES Loan Payment -$2,653
Property Tax -$1,705
Property Insurance -$209
HOA -$54
Property Management Fees -$99
CASH FLOW
-$1,090

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.

$719,000

PROJECTED PRICE

$3,630

PROJECTED RENT

0.50%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$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$196,285

INVESTMENT

$196,285

Down Payment
$179,750
Rehab Estimate
$5,750
Closing Costs
$10,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $179,750
Loan Amount $539,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$22

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,630

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $4,044

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6003$3,6304$4,0005$4,600
$4,600
RENT COMPS ANALYSIS
  • 1114 Shadyside Lane Dallas, TX 3
    • 3 beds 4 baths ∙ 3,147 Sqft ∙ Built 2016 3 beds 4 baths ∙ 3,147 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $3,630
    • $1.15
    •  
  • 1311 Waterside Drive Dallas, TX 1
    • 3 beds 4 baths ∙ 3,329 Sqft ∙ Built 1998 3 beds 4 baths ∙ 3,329 Sqft ∙ Built 1998
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.05
    •  
  • 7920 Briar Brook Court Dallas, TX 2
    • 4 beds 4 baths ∙ 2,811 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,811 Sqft ∙ Built 1998
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.28
    •  
  • 1006 Shadyside Lane Dallas, TX 4
    • 4 beds 5 baths ∙ 2,917 Sqft ∙ Built 2015 4 beds 5 baths ∙ 2,917 Sqft ∙ Built 2015
    LEASED 06/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.37
    •  
  • 7339 Coronado Avenue Dallas, TX 5
    • 4 beds 4 baths ∙ 3,184 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,184 Sqft ∙ Built 2016
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.44
    •  
PROPERTY LISTING DETAILS
Edward Tung
Jp & Associates Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471276
Last Updated: 11/13/2020
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