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16214 Koi Pond Court Dallas, TX 75248

3 Beds 5 Baths 4,064 sqft Built 2003

$665,900

List Price

$4,040

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $163.85
  • 3 Days on Market
  • MLS # : 14454351
  • Updated Date : 11/08/2020 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 4,064 sqft
  • Baths : 3 full , 2 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Ideal PRIVATE Lock & Leave North Dallas home enhanced with custom features & quality throughout! Lovingly maintained in secluded GATED Courtyards at Preston Trails! Features found in MILLION DOLLAR homes offers rich hand-scraped hardwoods, crown moldings, solid wood doors, study with stunning coffered ceiling, dual master baths, storage throughout, 3 zones HVAC, brick fence & iron gate! Chefs LOVE the kitchen with stainless steel appliances & VIEWS opening to the nearby family room & courtyard. Kitchen cabinets galore including custom pull out shelves! Lushly LANDSCAPED courtyard boasts custom extended slate patio. Exterior paint in 2018 & roof in 2016. See Virtual Tour URL online! Welcome home... this a JEWEL!

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: Preston Trails

NeighborhoodNIR Market*CityMarket2010Year20002019200k400k600k800k1000k1200k1400k1600kPrice in $102k1642k

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

Neighborhood: Preston Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9474364

* 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
Jerry R. Junkins Elementary School Primary Regular 715 46 7
E.d. Walker Middle School Middle Regular 748 46 3
W. T. White High School High Regular 2,290 134 4

Jerry R. Junkins Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 46
7
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
 

$599,310$732,490$665,900

PURCHASE PRICE

$3,636$4,444$4,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,040
EXPENSES Loan Payment -$2,457
Property Tax -$1,579
Property Insurance -$262
HOA -$175
Property Management Fees -$99
CASH FLOW
-$532

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.

$665,900

PROJECTED PRICE

$4,040

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

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$182,214

INVESTMENT

$182,214

Down Payment
$166,475
Rehab Estimate
$5,750
Closing Costs
$9,989

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $166,475
Loan Amount $499,425
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,040

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $4,552

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$4,040
1$4,0402$4,500
$4,500
RENT COMPS ANALYSIS
  • 16214 Koi Pond Court Dallas, TX 1
    • 3 beds 5 baths ∙ 4,064 Sqft ∙ Built 2003 3 beds 5 baths ∙ 4,064 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $4,040
    • $0.99
    •  
  • 5136 Bellerive Drive Dallas, TX 2
    • 4 beds 3 baths ∙ 4,012 Sqft ∙ Built 1994 4 beds 3 baths ∙ 4,012 Sqft ∙ Built 1994
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.12
    •  
PROPERTY LISTING DETAILS
Elissa Sabel
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14454351
Last Updated: 11/08/2020
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