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17337 Remington Park Circle Dallas, TX 75252

3 Beds 3 Baths 1,989 sqft Built 1995

$349,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $175.47
  • 4 Days on Market
  • MLS # : 14495206
  • Updated Date : 01/07/2021 at 20:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,989 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Uptown

Listing Agent's Description

Charming 2-story house located on a secluded private cul-de-sac, in a prestigious area of North Dallas with Plano ISD. Upon entrance, you will find a great size living room and its respective gas starter fireplace, follow by a formal dining room with gorgeous marble flooring and large windows. Kitchen area features all stainless steel appliances, granite countertops, breakfast bar, a kitchen nook and to top it all off: an entrance to your private backyard garden. All 3 bedrooms are located on the 2nd floor; which opens up to an additional living area with a skylight, providing plenty of natural light. Refrigerator included with the sale. Roof is 4yrs. Don’t forget to schedule your showing today!

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: Shalimar at Preston Trails

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $102k575k

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

Neighborhood: Shalimar at Preston Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9473378

* 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
Haggar Elementary School Primary Regular 614 43 6
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Haggar Elementary School

  • Education Level: Primary
  • # of students: 614
  • # of teachers: 43
6
GreatSchools Rating

Frankford Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 72
6
GreatSchools Rating

Plano West Senior High School

  • Education Level: High
  • # of students: 2,896
  • # of teachers: 165
7
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,212
Property Tax -$689
Property Insurance -$142
HOA -$11
Property Management Fees -$99
CASH FLOW
$67

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.

$349,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$20,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,218

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,2004$2,2205$2,350
$2,350
RENT COMPS ANALYSIS
  • 17337 Remington Park Circle Dallas, TX 4
    • 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $1.12
    •  
  • 6610 Shell Flower Lane Dallas, TX 1
    • 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,813 Sqft ∙ Built 1978
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.10
    •  
  • 6023 Thursby Avenue Dallas, TX 2
    • 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,876 Sqft ∙ Built 1993
    property image
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.17
    •  
  • 6003 Gentle Knoll Lane Dallas, TX 3
    • 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 1977 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 1977
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.10
    •  
  • 17234 Marianne Circle Dallas, TX 5
    • 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,161 Sqft ∙ Built 1982
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.09
    •  
PROPERTY LISTING DETAILS
Sara Rios
Jp & Associates Uptown
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495206
Last Updated: 01/07/2021
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