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1859 Stevens Bluff Lane Dallas, TX 75208

3 Beds 3 Baths 2,829 sqft Built 2017

$691,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $244.26
  • 5 Days on Market
  • MLS # : 14529855
  • Updated Date : 03/11/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,829 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Gorgeous 3-story home with an enchanting Dallas skyline views.Low-maintenance, live, work, play lifestyle in North Oakcliff.Located across from the Rosemont schools, and minutes close to Bishop Arts District, Trinity Groves or Downtown Dallas.The attention to detail from the layout to the choice of finishes makes for a bright, energy-filled home.Designer chef kitchen includes upgraded oversized quartz island,upgraded Cafe GE Model,Double layer cabinets-perfect for your next dinner party!Other upgrades include Central Vac,upgraded flooring,220 volt outlet to charge electric cars,reverse osmosis water filter.The master bedrm balcony and rooftop deck offers tantalizing views of downtown Dallas.Prepare to be wowed!

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: North Oak Cliff

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $88k349k

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

Neighborhood: North Oak Cliff

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7311826

* 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
Rosemont Primary School Chris V. Semos Campus Primary Regular 681 40 NA
W.e. Greiner Exploratory Arts Academy Middle Magnet 1,542 98 8
Sunset High School High Regular 2,078 123 4

Rosemont Primary School Chris V. Semos Campus

  • Education Level: Primary
  • # of students: 681
  • # of teachers: 40
NA
GreatSchools Rating

W.e. Greiner Exploratory Arts Academy

  • Education Level: Middle
  • # of students: 1,542
  • # of teachers: 98
8
GreatSchools Rating

Sunset High School

  • Education Level: High
  • # of students: 2,078
  • # of teachers: 123
4
GreatSchools Rating
 

$621,900$760,100$691,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,400
Property Tax -$1,638
Property Insurance -$191
HOA -$125
Property Management Fees -$99
CASH FLOW
-$1,613

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.

$691,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 15.1%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,865

INVESTMENT

$188,865

Down Payment
$172,750
Rehab Estimate
$5,750
Closing Costs
$10,365

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,400

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,750
Loan Amount $518,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$1,842

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $3,395

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,840
1$2,8402$3,100
$3,100
RENT COMPS ANALYSIS
  • 1859 Stevens Bluff Lane Dallas, TX 1
    • 3 beds 3 baths ∙ 2,829 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,829 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.00
    •  
  • 515 S Marlborough Avenue Dallas, TX 2
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2016
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.20
    •  
PROPERTY LISTING DETAILS
Renuka Bhandari
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529855
Last Updated: 03/11/2021
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