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1725 River Run Drive Desoto, TX 75115

5 Beds 4 Baths 3,880 sqft Built 2016

$395,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $101.80
  • 3 Days on Market
  • MLS # : 14488276
  • Updated Date : 12/18/2020 at 19:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,880 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

WOW! That's what this home is. WOW! Beautifully presented, lovingly cared for, spacious and grand all describe this 5 bedrooms home. Working at home is easy with a separated, dedicated study. This home offers the best of an open floor plan with private spaces to retreat to.The kitchen features a gas range, double ovens, large pantry, huge island and overlooks the living area too. The downstairs master suite is spacious enough to be your private living room. The bedrooms upstairs are large too. You can entertain large gatherings and still have social distancing. Wear your mask and come see for yourself what all this special home has to offer.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Stillwater Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Stillwater Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10602575

* 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
Cockrell Hill Elementary School Primary Regular 565 37 5
Curtistene S Mccowan Middle School Middle Regular 846 52 2

Cockrell Hill Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 37
5
GreatSchools Rating

Curtistene S Mccowan Middle School

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

$355,500$434,500$395,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,457
Property Tax -$944
Property Insurance -$251
HOA -$8
Property Management Fees -$99
CASH FLOW
-$210

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.

$395,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,577

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,512

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,4453$2,5504$2,5505$2,650
$2,650
RENT COMPS ANALYSIS
  • 1725 River Run Drive Desoto, TX 4
    • 5 beds 4 baths ∙ 3,880 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,880 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.66
    •  
  • 406 Mountain Circle Desoto, TX 1
    • 4 beds 4 baths ∙ 3,999 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,999 Sqft ∙ Built 2001
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.57
    •  
  • 505 Spicewood Drive Desoto, TX 2
    • 4 beds 4 baths ∙ 3,592 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,592 Sqft ∙ Built 2003
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,445
    • $0.68
    •  
  • 1412 Daventry Drive Desoto, TX 3
    • 5 beds 4 baths ∙ 3,663 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,663 Sqft ∙ Built 1996
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.70
    •  
  • 317 Royal Crest Drive Desoto, TX 5
    • 5 beds 4 baths ∙ 4,128 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,128 Sqft ∙ Built 2003
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.64
    •  
PROPERTY LISTING DETAILS
Karen James
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488276
Last Updated: 12/18/2020
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