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18008 Creek Vista Court Dallas, TX 75252

4 Beds 3 Baths 3,154 sqft Built 1994

$569,900

List Price

$3,010

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $180.69
  • 2 Days on Market
  • MLS # : 14536907
  • Updated Date : 03/20/2021 at 14:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,154 sqft
  • Baths : 3 full
Listing Agent

Prolead Realty Group

Listing Agent's Description

Open and Bright, well maintained updated 4 bedrooms with 3 full bath! If you love wood floor, this is the right one! Wood flooring all over inclu bedrooms, kitchen and closets. Master down with two closets, updated bath frame less shower, jetted tub, another bedroom downstairs with full bath. Open kitchen connected to the bright breakfast room, oversize laundry room with upgraded sink and cabinet ideal for additional refri or make it a perfect 2nd kitchen. Upstairs game room with 2 big bedrooms and updated full bath. New roof 2017, New gutter new outside painting 2021, new upstairs TRANE AC 2017, new downstairs AC coil 2020, new water heater 2019, High ceilings, lots of storage, it's ready for you to call home!

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: 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
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
 

$512,910$626,890$569,900

PURCHASE PRICE

$2,709$3,311$3,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,010
EXPENSES Loan Payment -$1,979
Property Tax -$1,126
Property Insurance -$209
Property Management Fees -$99
CASH FLOW
-$404

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.

$569,900

PROJECTED PRICE

$3,010

PROJECTED RENT

0.53%

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$156,774

INVESTMENT

$156,774

Down Payment
$142,475
Rehab Estimate
$5,750
Closing Costs
$8,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,979

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $142,475
Loan Amount $427,425
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,854

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,010

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $3,249

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,010
1$3,0102$3,0953$3,2004$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 18008 Creek Vista Court Dallas, TX 1
    • 4 beds 3 baths ∙ 3,154 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,154 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $3,010
    • $0.95
    •  
  • 17906 Old Preston Court Dallas, TX 2
    • 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 1999
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $0.92
    •  
  • 16823 Colegrove Drive Dallas, TX 3
    • 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 1974 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 1974
    LEASED 01/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.00
    •  
  • 5830 Windmier Lane Dallas, TX 4
    • 4 beds 4 baths ∙ 3,283 Sqft ∙ Built 1983 4 beds 4 baths ∙ 3,283 Sqft ∙ Built 1983
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.07
    •  
  • 18819 Amador Avenue Dallas, TX 5
    • 5 beds 4 baths ∙ 3,186 Sqft ∙ Built 1984 5 beds 4 baths ∙ 3,186 Sqft ∙ Built 1984
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.13
    •  
PROPERTY LISTING DETAILS
Stanley Han
Prolead Realty Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536907
Last Updated: 03/20/2021
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