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1238 San Miguel Drive Duncanville, TX 75137

3 Beds 2 Baths 1,901 sqft Built 1996

$225,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 1996
  • Price/Sqft : $118.36
  • 7 Days on Market
  • MLS # : 14459843
  • Updated Date : 10/28/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,901 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arlington

Listing Agent's Description

This beautiful recently updated home nestled in Duncanville, is sure to bring many memories to you and your family. This 3 bed 2 bath also has a large master suite. Enjoy the open concept of 2 large living areas and 1 formal dining. This 2 car garage home also offers plenty of parking for your extra cars. The front porch will provide you with a place to relax anytime.

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: Santa Fe Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $98k243k

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

Neighborhood: Santa Fe Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951734

* 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
Brandenburg Intermediate School Primary Regular 540 34 4
Byrd Middle School Middle Regular 786 48 5
Duncanville High School High Regular 3,923 238 3

Brandenburg Intermediate School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 34
4
GreatSchools Rating

Byrd Middle School

  • Education Level: Middle
  • # of students: 786
  • # of teachers: 48
5
GreatSchools Rating

Duncanville High School

  • Education Level: High
  • # of students: 3,923
  • # of teachers: 238
3
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$830
Property Tax -$548
Property Insurance -$137
Property Management Fees -$99
CASH FLOW
-$15

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.

$225,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 11.0%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$10,225

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,611

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6003$1,6254$1,6505$1,795
$1,795
RENT COMPS ANALYSIS
  • 1238 San Miguel Drive Duncanville, TX 2
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 1202 San Miguel Drive Duncanville, TX 1
    • 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,846 Sqft ∙ Built 1995
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.83
    •  
  • 507 Alameda Avenue Duncanville, TX 3
    • 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1998
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.80
    •  
  • 1107 San Miguel Drive Duncanville, TX 4
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1985
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 1022 Lansdale Drive Duncanville, TX 5
    • 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 1978
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
PROPERTY LISTING DETAILS
Gregory Primus
Keller Williams Arlington
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14459843
Last Updated: 10/28/2020
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