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1509 Windsor Drive Glenn Heights, TX 75154

3 Beds 2 Baths 1,115 sqft Built 1985

$199,500

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $178.92
  • 3 Days on Market
  • MLS # : 14502622
  • Updated Date : 01/23/2021 at 10:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,115 sqft
  • Baths : 2 full
Listing Agent

Crescent Real Estate Group-dfw

Listing Agent's Description

Close to what's convenient - schools, shopping, work. Simple, perfect floor plan. Large, open living room. Cozy breakfast area. Kitchen has plenty of cabinets. Large oversized windows provide a continuous stream of natural light. Nice size bedrooms. Primary bedroom has two closets and ensuite bathroom. Fresh paint. Neutral tile floor and carpet. Modern light fixtures. Wood burning fireplace. 3 bedrooms, 2 bathrooms, 1 car garage. Large backyard. Agent and buyer to verify all information including but not limited to measurements, schools, room sizes, and MLS data. Information is deemed reliable, but not guaranteed. Owner nor broker makes no representations or additional protections against COVID-19.

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: Bear Creek Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k243k

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

Neighborhood: Bear Creek Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8571734

* 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
Frank D. Moates Elementary School Primary Regular 641 39 4
Curtistene S Mccowan Middle School Middle Regular 846 52 2

Frank D. Moates Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 39
4
GreatSchools Rating

Curtistene S Mccowan Middle School

  • Education Level: Middle
  • # of students: 846
  • # of teachers: 52
2
GreatSchools Rating
 

$179,550$219,450$199,500

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$693
Property Tax -$503
Property Insurance -$92
Property Management Fees -$99
CASH FLOW
-$127

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.

$199,500

PROJECTED PRICE

$1,260

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.4%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,618

INVESTMENT

$58,618

Down Payment
$49,875
Rehab Estimate
$5,750
Closing Costs
$2,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$693

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,875
Loan Amount $149,625
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$1,480

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,260

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,260

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,260
1$1,2602$1,3753$1,3954$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 1509 Windsor Drive Glenn Heights, TX 1
    • 3 beds 2 baths ∙ 1,115 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,115 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,260
    • $1.13
    •  
  • 102 Sidney Drive Glenn Heights, TX 2
    • 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,204 Sqft ∙ Built 1988
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.14
    •  
  • 2001 Verde Drive Glenn Heights, TX 3
    • 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 1984
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.10
    •  
  • 1521 Manitoba Lane Glenn Heights, TX 4
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1996
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.09
    •  
  • 1512 Manitoba Lane Glenn Heights, TX 5
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1996
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.19
    •  
PROPERTY LISTING DETAILS
Katy Hubener
Crescent Real Estate Group-dfw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502622
Last Updated: 01/23/2021
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