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14608 Dove Court Addison, TX 75001

3 Beds 3 Baths 2,038 sqft Built 1996

$439,900

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $215.85
  • 6 Days on Market
  • MLS # : 14462227
  • Updated Date : 12/03/2020 at 09:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,038 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dave Perry Miller Real Estate

Listing Agent's Description

Property will be active Dec 1. LIVE HERE! Secluded Addison oasis with serene gardens, stone patio and yard for pets. Classic styled home offers 3 bedrms and 2 ½ baths. Elegant wood floors grace living, dining, kitchen and nook. Living w gas fireplace opens to patio for must-have entertaining. Sunny upgraded kitchen boasts granite counter tops and stainless steel appliances. Spacious master suite offers reading nook, modern master bath, a perfect retreat. Light filled home accented with custom plantation shutters. Enjoy lifetime membership to Addison Athletic Club in this coveted community w small-town feel. No more than 25 minutes from DFW, Love Field, Uptown, Legacy West, The Star, Nebraska Furniture & More!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Addison

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k363k

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

Neighborhood: Addison

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100220023002400Rent in $11262409

* 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
George Herbert Walker Bush Elementary School Primary Regular 667 41 NA
E.d. Walker Middle School Middle Regular 748 46 3
W. T. White High School High Regular 2,290 134 4

George Herbert Walker Bush Elementary School

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 41
NA
GreatSchools Rating

E.d. Walker Middle School

  • Education Level: Middle
  • # of students: 748
  • # of teachers: 46
3
GreatSchools Rating

W. T. White High School

  • Education Level: High
  • # of students: 2,290
  • # of teachers: 134
4
GreatSchools Rating
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,623
Property Tax -$960
Property Insurance -$145
HOA -$74
Property Management Fees -$99
CASH FLOW
-$371

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.

$439,900

PROJECTED PRICE

$2,530

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,346

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,522

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,3953$2,5004$2,5305$2,625
$2,625
RENT COMPS ANALYSIS
  • 14608 Dove Court Addison, TX 4
    • 3 beds 3 baths ∙ 2,038 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,038 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $1.24
    •  
  • 4102 Rush Circle Addison, TX 1
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1980
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.27
    •  
  • 3812 Waterford Drive Addison, TX 2
    • 3 beds 3 baths ∙ 2,081 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,081 Sqft ∙ Built 1993
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.15
    •  
  • 3777 Meadowcreek Circle Addison, TX 3
    • 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1993
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.28
    •  
  • 4062 Bishop Lane Farmers Branch, TX 5
    • 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,105 Sqft ∙ Built 2012
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,625
    • $1.25
    •  
PROPERTY LISTING DETAILS
Laura Lyon
Dave Perry Miller Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462227
Last Updated: 12/03/2020
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