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

16135 Amberwood Road Dallas, TX 75248

4 Beds 4 Baths 2,972 sqft Built 1980

$615,000

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $206.93
  • 3 Days on Market
  • MLS # : 14484904
  • Updated Date : 12/11/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,972 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Quality craftsmanship throughout this Prestonwood beauty. Starting with the pristine curb appeal and circle drive, you will then enter through a leaded beveled glass and mahogany door with sidelights. This U shaped custom home has a spacious floor plan with a central courtyard that provides a wonderful layout. The beamed cathedral ceiling living room has hardwoods, walk-in bar, recessed lighting and grand fireplace with gas logs. Kitchen boasts soaring cabinets, granite, gas cooktop, island, breakfast area and open to den. Large formal dining with a radiant crystal chandelier. Prestonwood is friendly and full of tree lined streets, voted best in Dallas, it includes 24-7-365 dedicated Dallas police patrol.

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: Prestonwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $102k413k

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

Neighborhood: Prestonwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9472886

* 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
Brentfield Elementary School Primary Regular 666 40 10
Brentfield Elementary School Middle Regular 666 40 10
Pearce High School High Regular 2,253 144 6

Brentfield Elementary School

  • Education Level: Primary
  • # of students: 666
  • # of teachers: 40
10
GreatSchools Rating

Brentfield Elementary School

  • Education Level: Middle
  • # of students: 666
  • # of teachers: 40
10
GreatSchools Rating

Pearce High School

  • Education Level: High
  • # of students: 2,253
  • # of teachers: 144
6
GreatSchools Rating
 

$553,500$676,500$615,000

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,269
Property Tax -$1,458
Property Insurance -$199
HOA -$7
Property Management Fees -$99
CASH FLOW
-$1,252

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.

$615,000

PROJECTED PRICE

$2,780

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.8%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$168,725

INVESTMENT

$168,725

Down Payment
$153,750
Rehab Estimate
$5,750
Closing Costs
$9,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,269

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $153,750
Loan Amount $461,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$60

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $3,069

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,780
1$2,7802$2,9003$2,9954$3,0005$3,100
$3,100
RENT COMPS ANALYSIS
  • 16135 Amberwood Road Dallas, TX 1
    • 4 beds 4 baths ∙ 2,972 Sqft ∙ Built 1980 4 beds 4 baths ∙ 2,972 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $0.94
    •  
  • 6015 Clear Bay Drive Dallas, TX 2
    • 5 beds 3 baths ∙ 2,812 Sqft ∙ Built 1979 5 beds 3 baths ∙ 2,812 Sqft ∙ Built 1979
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.03
    •  
  • 15625 Preston Road Dallas, TX 3
    • 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 1974
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.06
    •  
  • 16218 Shadybank Drive Dallas, TX 4
    • 4 beds 4 baths ∙ 3,037 Sqft ∙ Built 1980 4 beds 4 baths ∙ 3,037 Sqft ∙ Built 1980
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.99
    •  
  • 16802 Deer Park Drive Dallas, TX 5
    • 4 beds 5 baths ∙ 2,946 Sqft ∙ Built 1977 4 beds 5 baths ∙ 2,946 Sqft ∙ Built 1977
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.05
    •  
PROPERTY LISTING DETAILS
Sarah Rose
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484904
Last Updated: 12/11/2020
BESbswy