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13135 Chandler Drive Dallas, TX 75243

3 Beds 2 Baths 1,604 sqft Built 1980

$327,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $203.87
  • 5 Days on Market
  • MLS # : 14534867
  • Updated Date : 03/17/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,604 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Dallas one-story home offers granite countertops, and a two-car garage. Home utilities may be turned off due to weather conditions.

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: Richland Corners

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $102k258k

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

Neighborhood: Richland Corners

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9031802

* 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
Apollo Junior High School Middle Regular 642 42 7
Berkner High School High Regular 2,494 174 4
Apollo Junior High School Middle Unknown NA

Apollo Junior High School

  • Education Level: Middle
  • # of students: 642
  • # of teachers: 42
7
GreatSchools Rating

Berkner High School

  • Education Level: High
  • # of students: 2,494
  • # of teachers: 174
4
GreatSchools Rating

Apollo Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$294,300$359,700$327,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,136
Property Tax -$775
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
-$440

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.

$327,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,405

INVESTMENT

$92,405

Down Payment
$81,750
Rehab Estimate
$5,750
Closing Costs
$4,905

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,136

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,750
Loan Amount $245,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$23

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,600

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,6904$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 13135 Chandler Drive Dallas, TX 3
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.05
    •  
  • 13146 Fall Manor Drive Dallas, TX 1
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1984
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
  • 431 River Oaks Lane Richardson, TX 2
    • 4 beds 2 baths ∙ 1,667 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,667 Sqft ∙ Built 1977
    LEASED 02/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 1302 Berkeley Drive Richardson, TX 4
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1968
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
  • 803 Cresside Lane Richardson, TX 5
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 1982
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.04
    •  
PROPERTY LISTING DETAILS
Feras Rachid
Opendoor Brokerage, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14534867
Last Updated: 03/17/2021
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