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1632 Vaughan Court Dallas, TX 75208

3 Beds 3 Baths 1,798 sqft Built 2015

$485,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $269.74
  • 2 Days on Market
  • MLS # : 14542019
  • Updated Date : 03/27/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,798 sqft
  • Baths : 2 full , 1 half
Listing Agent

Psw Homes, Llc

Listing Agent's Description

Craftsman charmer with modern interior design & state-of-the-art energy efficiency! This newer construction Green home includes a 3KW Tesla solar system, spray foam insulation, a tankless water heater, & dual pane low-e windows. Designer finishes featuring all solid surfaces (no carpet!). Open concept living with tons of storage. A welcoming front porch & an ideal covered patio opening to your private backyard. Rare 2 car attached garage. HOA maintained community & yards make for a picture-perfect place to call home in the heart of North Oak Cliff. Minutes from Bishop Arts, Stevens Park Golf Course & an easy commute downtown. Low maintenance, lock & leave living at its finest. Transferable builder warranty!

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: Kings Highway Conservation District

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $88k418k

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

Neighborhood: Kings Highway Conservation District

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9452147

* 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
Rosemont Primary School Chris V. Semos Campus Primary Regular 681 40 NA
W.e. Greiner Exploratory Arts Academy Middle Magnet 1,542 98 8
Sunset High School High Regular 2,078 123 4

Rosemont Primary School Chris V. Semos Campus

  • Education Level: Primary
  • # of students: 681
  • # of teachers: 40
NA
GreatSchools Rating

W.e. Greiner Exploratory Arts Academy

  • Education Level: Middle
  • # of students: 1,542
  • # of teachers: 98
8
GreatSchools Rating

Sunset High School

  • Education Level: High
  • # of students: 2,078
  • # of teachers: 123
4
GreatSchools Rating
 

$436,500$533,500$485,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,685
Property Tax -$1,150
Property Insurance -$131
HOA -$146
Property Management Fees -$99
CASH FLOW
-$811

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.

$485,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.8%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$19

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.33

    LIST RENT PER SQFT
  • $2,625

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,6954$3,000
$3,000
RENT COMPS ANALYSIS
  • 1632 Vaughan Court Dallas, TX 1
    • 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.33
    •  
  • 841 N Van Buren Avenue Dallas, TX 2
    • 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,708 Sqft ∙ Built 2014
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.46
    •  
  • 619 Buckalew Street Dallas, TX 3
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2017
    property image
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.43
    •  
  • 933 W 8th Street Dallas, TX 4
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 2018
    property image
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.49
    •  
PROPERTY LISTING DETAILS
Meridith Brewer
Psw Homes, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14542019
Last Updated: 03/27/2021
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