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1115 S Waverly Drive 
Dallas, TX
75208
3 Beds 2 Baths 1,152 sqft
Built 1997
INVESTimate
$290,000
List Price
$82,600
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PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $251.74
- 3 Days on Market
- MLS # : 14419028
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,152 sqft
- Baths : 2 full
Listing Agent
Century 21 Judge Fite Company
Listing Agent's Description
Enjoy this beautiful home that is fully gated! Plenty of room for storage outside with the garage and separate storage building. This home has the Texas charm, with its gorgeous tile to look like wood and eat-in kitchen with granite and all stainless appliances!! From front door you're in the living room, perfect for entertainment and then to kitchen! There's plenty of storage in the inside as well! Plenty of room outside to have a get together.
SEE MORE
- . 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: North Oak Cliff
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Oak Cliff
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$688 | |
| Property Insurance | -$94 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$360
|
||
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.
$290,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 15.12% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,600
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
0.25
YEARS SAVED
$124
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$1.38
LIST RENT PER SQFT
-
$1,440
COMP ESTIMATED VALUE -
$1.25
COMP AVG. RENT PER SQFT
Comps Range
-
1115 S Waverly Drive Dallas, TX 2
- 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $1,590
- $1.38
-
236 W Woodin Boulevard Dallas, TX 1
- 3 beds 1 baths ∙ 1,147 Sqft ∙ Built 2003 3 beds 1 baths ∙ 1,147 Sqft ∙ Built 2003
LEASED 11/19/19- Rent
- Rent Per SQFT
- $1,400
- $1.22
-
2715 Alden Avenue Dallas, TX 3
- 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1984
LEASED 08/05/19- Rent
- Rent Per SQFT
- $1,795
- $1.28
PROPERTY LISTING DETAILS
Century 21 Judge Fite Company
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419028
Last Updated: 08/25/2020
