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180 S Cisco Street Dallas, TX 75226

3 Beds 3 Baths 2,250 sqft Built 2019

$519,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $230.67
  • 5 Days on Market
  • MLS # : 14503411
  • Updated Date : 01/23/2021 at 18:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,250 sqft
  • Baths : 2 full , 1 half
Listing Agent

Paragon Realtors

Listing Agent's Description

AN URBAN OASIS in the heart of East Dallas! This home is a STUNNING work of art in a rapidly changing area. If you want to STAND OUT this home has a ton of EXTRAS..an abundance of outdoor private living that is professionally landscaped. The Precious Brazilian marble was designed to be your focal point in the kitchen as well as the Master shower…also has many SMART features. The garage which is right off the kitchen has central air so you can use it as a gym or game room. The show stopping feature is the MASTER SHOWER! You probably won’t find a shower like this unless you hit a high-end spa. Home is ONLY 1 block over from the Santa Fe Trail, 1 mile to Baylor and Deep Ellum and 1.2 miles to Affluent Lakewood.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Old East Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $88k398k

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

Neighborhood: Old East Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9211734

* 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
Ignacio Zaragoza Elementary School Primary Regular 376 30 6
Alex W. Spence Talented - Gifted Academy Middle Magnet 914 69 5
North Dallas High School High Regular 1,212 82 2

Ignacio Zaragoza Elementary School

  • Education Level: Primary
  • # of students: 376
  • # of teachers: 30
6
GreatSchools Rating

Alex W. Spence Talented - Gifted Academy

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 69
5
GreatSchools Rating

North Dallas High School

  • Education Level: High
  • # of students: 1,212
  • # of teachers: 82
2
GreatSchools Rating
 

$467,100$570,900$519,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,803
Property Tax -$1,231
Property Insurance -$146
Property Management Fees -$99
CASH FLOW
-$588

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.

$519,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.1%
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-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$143,285

INVESTMENT

$143,285

Down Payment
$129,750
Rehab Estimate
$5,750
Closing Costs
$7,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,803

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $129,750
Loan Amount $389,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,692

    COMP ESTIMATED VALUE
  • $1.31

    COMP AVG. RENT PER SQFT
Comps Range
$2,690
1$2,6902$2,8003$2,8254$3,000
$3,000
RENT COMPS ANALYSIS
  • 180 S Cisco Street Dallas, TX 1
    • 3 beds 3 baths ∙ 2,055 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,055 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $1.31
    •  
  • 5033 Mission Avenue Dallas, TX 2
    • 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,968 Sqft ∙ Built 2005
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.42
    •  
  • 5508 Junius Street Dallas, TX 3
    • 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 2003
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,825
    • $1.22
    •  
  • 4632 Virginia Avenue Dallas, TX 4
    • 3 beds 4 baths ∙ 2,333 Sqft ∙ Built 2019 3 beds 4 baths ∙ 2,333 Sqft ∙ Built 2019
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.29
    •  
PROPERTY LISTING DETAILS
Melissa Puzerov
Paragon Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503411
Last Updated: 01/23/2021
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