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1503 Green Tree Lane Duncanville, TX 75137

4 Beds 4 Baths 3,729 sqft Built 1981

$365,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $97.88
  • 5 Days on Market
  • MLS # : 14507266
  • Updated Date : 01/27/2021 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,729 sqft
  • Baths : 4 full
Listing Agent

Middlebrooks Realty Llc

Listing Agent's Description

Custom single-story home with plenty of room for entertaining and a growing family offering 4 bedrooms, 4 baths, 3 FP's, 3 car garage. The family room offers open space, FP, and Wet bar area just off from an enclosed patio. Kitchen with island, walk-in pantry, built-ins, and plenty of cabinet space. The study boasts FP, wood floors, panel walls, bookshelves from ceiling to floor, wooden ladder for those hard to reach shelving. Huge Formal Living with built-in display cabinets. New roof 2020. No survey available. Agents and Buyers are responsible for verifying information. As is with no repairs: Seller per Tax Roll. Realtor is related to Sellers.

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

Zip Code: 75137

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 75137

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951734

* 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
Smith Elementary School Primary Regular 495 29 3
Byrd Middle School Middle Regular 786 48 5
Duncanville High School High Regular 3,923 238 3

Smith Elementary School

  • Education Level: Primary
  • # of students: 495
  • # of teachers: 29
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
 

$328,500$401,500$365,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,268
Property Tax -$907
Property Insurance -$243
Property Management Fees -$99
CASH FLOW
-$106

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.

$365,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.0%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,699

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,610

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,410
1$2,4102$2,599
$2,599
RENT COMPS ANALYSIS
  • 1503 Green Tree Lane Duncanville, TX 1
    • 4 beds 4 baths ∙ 3,729 Sqft ∙ Built 1981 4 beds 4 baths ∙ 3,729 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.65
    •  
  • 506 Linkcrest Drive Duncanville, TX 2
    • 5 beds 4 baths ∙ 3,724 Sqft ∙ Built 1978 5 beds 4 baths ∙ 3,724 Sqft ∙ Built 1978
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $0.70
    •  
PROPERTY LISTING DETAILS
Sharon Middlebrooks
Middlebrooks Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507266
Last Updated: 01/27/2021
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