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17570 Sequoia Drive Dallas, TX 75252

5 Beds 3 Baths 2,930 sqft Built 2018

$548,999

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $187.37
  • 2 Days on Market
  • MLS # : 14497091
  • Updated Date : 01/09/2021 at 14:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,930 sqft
  • Baths : 2 full , 1 half
Listing Agent

Avignon Realty

Listing Agent's Description

Beautiful North Dallas home located in University Place! Great floorplan delivering open concept & functionality. Lots of natural light. Kitchen is bright and open, high ceilings, neutral color throughout the home...Close to UTD Campus, shops and restaurants. Current tenants will move out on February, 2021. Send your 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: Far North Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $102k403k

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

Neighborhood: Far North Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9472548

* 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
Aldridge Elementary School Primary Regular 508 35 7
Wilson Middle School Middle Regular 877 62 6
Plano Senior High School High Regular 2,766 155 9

Aldridge Elementary School

  • Education Level: Primary
  • # of students: 508
  • # of teachers: 35
7
GreatSchools Rating

Wilson Middle School

  • Education Level: Middle
  • # of students: 877
  • # of teachers: 62
6
GreatSchools Rating

Plano Senior High School

  • Education Level: High
  • # of students: 2,766
  • # of teachers: 155
9
GreatSchools Rating
 

$494,099$603,899$548,999

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$1,907
Property Tax -$1,084
Property Insurance -$197
HOA -$50
Property Management Fees -$99
CASH FLOW
-$337

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.

$548,999

PROJECTED PRICE

$3,000

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.0%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,907

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,250
Loan Amount $411,749
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,054

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,164

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0003$3,0954$3,2955$3,295
$3,295
RENT COMPS ANALYSIS
  • 17570 Sequoia Drive Dallas, TX 2
    • 5 beds 3 baths ∙ 2,930 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,930 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.02
    •  
  • 8208 Miscanthus Court Dallas, TX 1
    • 4 beds 4 baths ∙ 2,879 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,879 Sqft ∙ Built 2018
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.04
    •  
  • 17660 Sequoia Drive Dallas, TX 3
    • 4 beds 4 baths ∙ 2,879 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,879 Sqft ∙ Built 2018
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.08
    •  
  • 17565 Sequoia Drive Dallas, TX 4
    • 5 beds 4 baths ∙ 3,123 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,123 Sqft ∙ Built 2019
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.06
    •  
  • 8235 Natchez Trail Dallas, TX 5
    • 4 beds 3 baths ∙ 2,879 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,879 Sqft ∙ Built 2018
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.14
    •  
PROPERTY LISTING DETAILS
Minh Hoang
Avignon Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497091
Last Updated: 01/09/2021
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