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17403 Energy Lane Dallas, TX 75252

3 Beds 3 Baths 1,891 sqft Built 2006

$305,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $161.29
  • 2 Days on Market
  • MLS # : 14493581
  • Updated Date : 01/31/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,891 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mra, Realtors

Listing Agent's Description

Located in much sought-after Far North Dallas off Hillcrest in PLANO ISD, this 3 bed 2.1 bath garden home features recently installed carpet in bedrooms, light fixtures, 2in cordless faux wood blinds & fans. Freshly painted neutral tones inside & out. Updates in the kitchen include Granite countertops, tile backsplash, under cabinet lighting & features large walk in pantry with closet for WD. The family room boasts a cozy WB fireplace, custom bookshelves & high ceiling heights. The Spacious Master has a large walk in closet, private covered patio & an en suite bath with dual sinks. The 2 Bedrooms upstairs have their own balcony, bathroom & huge storage closet. Close to George Bush & 75, lots of shopping & UTD.

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: Highlands of McKamy

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $102k426k

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

Neighborhood: Highlands of McKamy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9472837

* 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
Jackson Elementary School Primary Regular 594 54 6
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Jackson Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 54
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
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,059
Property Tax -$602
Property Insurance -$136
Property Management Fees -$99
CASH FLOW
$63

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.

$305,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$18,711

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $2,075

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9603$2,2004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 17403 Energy Lane Dallas, TX 2
    • 3 beds 3 baths ∙ 1,891 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,891 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.04
    •  
  • 7129 Nicole Place Dallas, TX 1
    • 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,662 Sqft ∙ Built 1998
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.08
    •  
  • 7720 Worthing Street Dallas, TX 3
    • 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,907 Sqft ∙ Built 1996
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.15
    •  
  • 7616 Worthing Street Dallas, TX 4
    • 3 beds 3 baths ∙ 2,164 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,164 Sqft ∙ Built 1994
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.06
    •  
  • 8328 Tuscarora Lane Dallas, TX 5
    • 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2019
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.10
    •  
PROPERTY LISTING DETAILS
Robert Alvarez
Mra, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493581
Last Updated: 01/31/2021
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