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1819 Dancliff Drive Dallas, TX 75224

3 Beds 3 Baths 1,798 sqft Built 2004

$254,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $141.27
  • 6 Days on Market
  • MLS # : 14475932
  • Updated Date : 11/24/2020 at 19:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,798 sqft
  • Baths : 2 full , 1 half
Listing Agent

Brix Realty

Listing Agent's Description

This beautiful one story, 3 bedroom, 2.5 bath brick home, with a large living room is located in the historic Oak Park Estates, only two blocks from Bishop Dunn High School. Built in 2004 this home includes a brick fireplace, wood floors, granite countertops in kitchens & bathrooms, and a large backyard with covered and screened patio. The master suite is generous in size and the ensuite has 2 walk-in closets, a soaking tub, separate shower, & dual sinks. Den-Study could be used as bedroom 4 or work from home office. Home has new roof, new double hung energy efficient windows, and new gutters all within previous 9 months.

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: Druid Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Druid Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
John W. Carpenter Elementary School Primary Regular 341 29 4
John W. Carpenter Elementary School Middle Regular 341 29 4
Justin F. Kimball High School High Regular 1,442 90 2

John W. Carpenter Elementary School

  • Education Level: Primary
  • # of students: 341
  • # of teachers: 29
4
GreatSchools Rating

John W. Carpenter Elementary School

  • Education Level: Middle
  • # of students: 341
  • # of teachers: 29
4
GreatSchools Rating

Justin F. Kimball High School

  • Education Level: High
  • # of students: 1,442
  • # of teachers: 90
2
GreatSchools Rating
 

$228,600$279,400$254,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$937
Property Tax -$602
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
-$79

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.

$254,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 17.8%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,060

INVESTMENT

$73,060

Down Payment
$63,500
Rehab Estimate
$5,750
Closing Costs
$3,810

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,500
Loan Amount $190,500
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$6,851

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,720

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,6904$1,700
$1,700
RENT COMPS ANALYSIS
  • 1819 Dancliff Drive Dallas, TX 3
    • 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.94
    •  
  • 3113 Saint David Street Dallas, TX 1
    • 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,560 Sqft ∙ Built 2004
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 3445 Holliday Road Dallas, TX 2
    • 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2005
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
  • 3002 Alabama Avenue Dallas, TX 4
    • 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,742 Sqft ∙ Built 2018
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
Venton Hill-jones
Brix Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475932
Last Updated: 11/24/2020
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