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1871 Stevens Bluff Lane 
Dallas, TX
75208
4 Beds 3 Baths 2,429 sqft
Built 2016
INVESTimate
$585,000
List Price
$160,775
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PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $240.84
- 3 Days on Market
- MLS # : 14409778
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,429 sqft
- Baths : 2 full , 1 half
Listing Agent
Dave Perry Miller Real Estate
Listing Agent's Description
Thoughtfully designed 4 bed, 2.5 bth floor-plan with stunning FIRST FLOOR MASTER. Easy low-maintenance lifestyle with UPGRADES galore! Wide wood-plank flooring, MEDIA room, quartz c-tops, kitch island, gas range, green-built for high-efficiency & low utilities. Formals feat. soaring 20’ ceilings w transom lighting. Plenty of outdoor space to enjoy, including private courtyard w artificial turf just off of the kitch and UNOBSTRUCTED DOWNTOWN skyline views from the upstairs balcony. 2nd floor landing makes for a great HOME OFFICE! Enjoy a community park, nearby hiking trail at Twelve Hills Nature Preserve, Stevens Park Golf Course & close proximity to popular Bishop Arts.
SEE MORE
- . 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: North Oak Cliff
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Oak Cliff
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,560 |
| EXPENSES | Loan Payment | -$2,158 |
| Property Tax | -$1,387 | |
| Property Insurance | -$168 | |
| HOA | -$125 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$377
|
||
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.
$585,000
PROJECTED PRICE
$3,560
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 15.12% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$160,775
LOAN DETAILS
$2,158
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $146,250 |
| Loan Amount | $438,750 |
1.42
YEARS SAVED
$5,296
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,560
LIST RENT -
$1.47
LIST RENT PER SQFT
-
$3,637
COMP ESTIMATED VALUE -
$1.5
COMP AVG. RENT PER SQFT
Comps Range
-
1871 Stevens Bluff Lane Dallas, TX 5
- 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $3,560
- $1.47
-
647 Aspen Valley Lane Dallas, TX 1
- 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,376 Sqft ∙ Built 2018
LEASED 04/29/20- Rent
- Rent Per SQFT
- $3,195
- $1.34
-
1952 Kessler Heights Lane Dallas, TX 2
- 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2018
LEASED 03/13/20- Rent
- Rent Per SQFT
- $3,500
- $1.55
-
1868 Stevens Bluff Lane Dallas, TX 3
- 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2016
LEASED 07/30/20- Rent
- Rent Per SQFT
- $3,500
- $1.55
-
1880 Stevens Bluff Lane Dallas, TX 4
- 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,260 Sqft ∙ Built 2016
LEASED 08/10/20- Rent
- Rent Per SQFT
- $3,500
- $1.55
PROPERTY LISTING DETAILS
Dave Perry Miller Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14409778
Last Updated: 08/25/2020
