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1204 Crawford Drive Desoto, TX 75115

4 Beds 4 Baths 3,430 sqft Built 2020

INVESTimate

$420,550

List Price

$2,370

$2,133 - $2,607

Rent Est.

$462,184  ( +9.90%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $122.61
  • 9 Days on Market
  • MLS # : 14415986
  • Updated Date : 08/21/2020 at 14:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,430 sqft
  • Baths : 3 full , 1 half
Listing Agent

Classic Property Management

Listing Agent's Description

BRAND NEW BLOOMFIELD HOME AVAILABLE DECEMBER 2020! This 4 bedroom, 3.5 bathroom home is situated on an Over-sized 9,500 sq ft Lot and features a stunning Brick & Stone exterior, Hand-scraped Wood Floors; Open Kitchen with walk-in pantry and an island; Study in lieu of additional downstairs bedroom; Beautiful and cozy floor-to-ceiling stone fireplace and vaulted ceilings in Living room; Master Suite with window seats, dual sinks, garden tub, separate shower, and huge walk-in closet; Game Room upstairs along with added Media Room; Covered Patio; Side Entry 2-car garage; Lots of custom upgrades and Fully Landscaped. Call or come by today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Zip Code: 75115

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 75115

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451741

* 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
 

$378,495$462,605$420,550

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$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$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,552
Property Tax -$1,053
Property Insurance -$225
HOA -$42
Property Management Fees -$99
CASH FLOW
-$601

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$420,550

PROJECTED PRICE

$2,370

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.90%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,446

INVESTMENT

$113,446

Down Payment
$105,138
Rehab Estimate
$2,000
Closing Costs
$6,308

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,552

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,138
Loan Amount $315,413
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$15

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,367

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1953$2,3704$2,4455$2,500
$2,500
RENT COMPS ANALYSIS
  • 1204 Crawford Drive Desoto, TX 3
    • 4 beds 4 baths ∙ 3,430 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,430 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.69
    •  
  • 504 Spicewood Drive Desoto, TX 1
    • 5 beds 3 baths ∙ 3,341 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,341 Sqft ∙ Built 2002
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.64
    •  
  • 700 Mulberry Lane Desoto, TX 2
    • 5 beds 3 baths ∙ 3,180 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,180 Sqft ∙ Built 2001
    property image
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.69
    •  
  • 505 Spicewood Drive Desoto, TX 4
    • 4 beds 4 baths ∙ 3,592 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,592 Sqft ∙ Built 2003
    property image
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,445
    • $0.68
    •  
  • 316 Oleander Drive Desoto, TX 5
    • 4 beds 3 baths ∙ 3,329 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,329 Sqft ∙ Built 2002
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
PROPERTY LISTING DETAILS
Marsha Ashlock
Classic Property Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415986
Last Updated: 08/21/2020
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