Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1420 Nettleton Drive Desoto, TX 75115

4 Beds 3 Baths 2,354 sqft Built 1988

$299,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $127.02
  • 1 Days on Market
  • MLS # : 14532485
  • Updated Date : 03/13/2021 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,354 sqft
  • Baths : 3 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

This classic Chicago antique brick home has been renovated in deeply charming ways. Open the front door to an expansive vaulted ceiling in the main living area and this home will continue to grab your attention and gaze as you explore further. Major 2020 updates include roof, full kitchen remodel, full master bath remodel, full interior and exterior paint, new flooring, new hardware, new flooring and more. Full list of upgrades attached in supplemental docs. This home is truly set up for success for it's next owner.

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: 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
Alexander Elementary School Primary Regular 503 30 3
Byrd Middle School Middle Regular 786 48 5
Duncanville High School High Regular 3,923 238 3

Alexander Elementary School

  • Education Level: Primary
  • # of students: 503
  • # of teachers: 30
3
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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,039
Property Tax -$715
Property Insurance -$163
Property Management Fees -$99
CASH FLOW
-$65

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.

$299,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.65%

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

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$7,863

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,877

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,449
1$1,4492$1,6503$1,6954$1,8955$1,950
$1,950
RENT COMPS ANALYSIS
  • 1420 Nettleton Drive Desoto, TX 5
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.83
    •  
  • 1706 Highgate Drive Duncanville, TX 1
    • 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1975
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.71
    •  
  • 1021 Canyon Ridge Drive Desoto, TX 2
    • 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1985
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.79
    •  
  • 235 Softwood Drive Duncanville, TX 3
    • 4 beds 3 baths ∙ 2,035 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,035 Sqft ∙ Built 1973
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 1416 Meadow Vista Drive Cedar Hill, TX 4
    • 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,210 Sqft ∙ Built 1993
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.86
    •  
PROPERTY LISTING DETAILS
Ryan Kirkpatrick
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532485
Last Updated: 03/13/2021
BESbswy