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1253 E Remington Park Drive Talty, TX 75160

4 Beds 3 Baths 3,066 sqft Built 1999

$460,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $150.03
  • 1 Days on Market
  • MLS # : 14532506
  • Updated Date : 03/13/2021 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,066 sqft
  • Baths : 3 full
Listing Agent

Lugary, Llc

Listing Agent's Description

MUST SEE! Beautiful home with 4 bedroom, 3 full baths, 2 living & 2 dining areas. The gorgeous kitchen has granite countertops & stainless steel appliances. This place is ready for new owners that enjoy gatherings and family reunions! Huge backyard ready for lots of fun! Great interior home site, beautiful flooring and elegant amenities. Don't miss the opportunity to call this house your new home.

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

Neighborhood: Winners Circle

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k369k

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

Neighborhood: Winners Circle

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262196

* 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
Warren Middle School Middle Regular 713 39 9
Forney High School High Regular 1,402 88 8

Warren Middle School

  • Education Level: Middle
  • # of students: 713
  • # of teachers: 39
9
GreatSchools Rating

Forney High School

  • Education Level: High
  • # of students: 1,402
  • # of teachers: 88
8
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,598
Property Tax -$1,185
Property Insurance -$204
HOA -$36
Property Management Fees -$99
CASH FLOW
-$892

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.

$460,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.3%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$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$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$52

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,586

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2303$2,5004$2,895
$2,895
RENT COMPS ANALYSIS
  • 1253 E Remington Park Drive Talty, TX 2
    • 4 beds 3 baths ∙ 3,066 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,066 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.73
    •  
  • 1036 E Oaklawn Drive Talty, TX 1
    • 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,776 Sqft ∙ Built 1999
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 15088 Layden Farms Lane Talty, TX 3
    • 4 beds 3 baths ∙ 3,250 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,250 Sqft ∙ Built 2019
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.77
    •  
  • 16286 O Conner Avenue Talty, TX 4
    • 4 beds 3 baths ∙ 2,989 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,989 Sqft ∙ Built 2003
    property image
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.97
    •  
PROPERTY LISTING DETAILS
Andrea Chavarria
Lugary, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532506
Last Updated: 03/13/2021
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