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13307 Pandora Circle Dallas, TX 75238

3 Beds 3 Baths 1,589 sqft Built 1985

$289,900

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $182.44
  • 3 Days on Market
  • MLS # : 14469620
  • Updated Date : 11/13/2020 at 14:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,589 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Town & Country

Listing Agent's Description

Location, Location, Location in this well built home positioned on a gorgeous creek lot. Lush and incredibly landscaped back yard is just like having your own arboretum with large deck overlooking the creek below. Indoors, the floorplan has been designed to provide space and natural light from the kitchen and dining space to the living room with wet bar and cozy fireplace. High ceilings reach up to the second story overlooked by the open loft-office area that is located just outside of the dual master suites. This home has been superbly maintained from top to bottom with superior upgrades including outdoor lighting system, new HVAC, and high grade granite. Be sure to ask for the full upgrades list!

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: Highland Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $88k310k

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

Neighborhood: Highland Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9451912

* 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
Highland Meadows Elementary School Primary Regular 864 50 4
Sam Tasby Middle School Middle Regular 837 55 2
Emmett J. Conrad High School High Regular 1,121 87 3

Highland Meadows Elementary School

  • Education Level: Primary
  • # of students: 864
  • # of teachers: 50
4
GreatSchools Rating

Sam Tasby Middle School

  • Education Level: Middle
  • # of students: 837
  • # of teachers: 55
2
GreatSchools Rating

Emmett J. Conrad High School

  • Education Level: High
  • # of students: 1,121
  • # of teachers: 87
3
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,070
Property Tax -$687
Property Insurance -$119
Property Management Fees -$99
CASH FLOW
$165

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.

$289,900

PROJECTED PRICE

$2,140

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$30,031

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $1,835

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,745
1$1,7452$1,8003$1,8404$2,0005$2,140
$2,140
RENT COMPS ANALYSIS
  • 13307 Pandora Circle Dallas, TX 5
    • 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.35
    •  
  • 11023 Wallbrook Drive Dallas, TX 1
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1974
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $1.01
    •  
  • 10909 Listi Drive Dallas, TX 2
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1980
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.13
    •  
  • 8945 Flicker Lane Dallas, TX 3
    • 4 beds 2 baths ∙ 1,513 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,513 Sqft ∙ Built 1969
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.22
    •  
  • 10930 Mccree Road Dallas, TX 4
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1981
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.26
    •  
PROPERTY LISTING DETAILS
Marissa Bishop
Re/max Town & Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469620
Last Updated: 11/13/2020
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