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1409 Nettleton Drive Desoto, TX 75115

4 Beds 3 Baths 2,847 sqft Built 1988

$296,900

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $104.29
  • 4 Days on Market
  • MLS # : 14465521
  • Updated Date : 11/06/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,847 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Frisco Stars

Listing Agent's Description

Beautifully well-maintained home located in the desired Windmill Hill subdivision of Desoto TX. This home's layout gives family members the needed space to retreat into isolation or entertain friends. Custom trey ceiling, a skylight , carpet, title, and a metal roof. Depending on the buyers home may or may not need updating. However if you are creative this home has no limits. Very quint backyard just enough for the kids to run wild in with a shed for additional storage. Minutes from Harrington Park, Thorntree Golf Club, Windmill Hill Nature Preserve, restaurants, mall and shopping amenities.

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: Windmill Hill

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $122k292k

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

Neighborhood: Windmill Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10602108

* 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
 

$267,210$326,590$296,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,095
Property Tax -$710
Property Insurance -$192
Property Management Fees -$99
CASH FLOW
-$26

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.

$296,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,429

INVESTMENT

$84,429

Down Payment
$74,225
Rehab Estimate
$5,750
Closing Costs
$4,454

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,095

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,225
Loan Amount $222,675
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$12,848

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,085

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,0003$2,0704$2,0955$2,095
$2,095
RENT COMPS ANALYSIS
  • 1409 Nettleton Drive Desoto, TX 3
    • 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.73
    •  
  • 274 Larry Drive Duncanville, TX 1
    • 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 1974 5 beds 3 baths ∙ 2,500 Sqft ∙ Built 1974
    property image
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.72
    •  
  • 1387 Calvert Drive Cedar Hill, TX 2
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2005
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
  • 1036 Cove Hollow Drive Cedar Hill, TX 4
    • 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2002
    property image
    LEASED 05/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.75
    •  
  • 1130 Suffolk Lane Cedar Hill, TX 5
    • 4 beds 3 baths ∙ 2,801 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,801 Sqft ∙ Built 2000
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.75
    •  
PROPERTY LISTING DETAILS
Byron Cole
Keller Williams Frisco Stars
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465521
Last Updated: 11/06/2020
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