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18747 Rembrandt Terrace Dallas, TX 75287

5 Beds 5 Baths 3,748 sqft Built 1992

$475,000

List Price

$2,970

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $126.73
  • 5 Days on Market
  • MLS # : 14464793
  • Updated Date : 11/04/2020 at 21:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,748 sqft
  • Baths : 4 full , 1 half
Listing Agent

Compass Re Texas, Llc.

Listing Agent's Description

Soaring ceilings with views of trees make you feel like you're in a private retreat outside of the city! Completely remodeled in 2018! This home is ideal for those that like to entertain or have a large family looking for room to grow. Large backyard with a sprawling deck that is shaded in the summertime and great for kids or a backyard BBQ. The oversized garage with utility sink is perfect for recreational toys or a workshop. Don’t miss this one, you’ll fall in love with this home!

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: 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
Sheffield Elementary School Primary Regular NA
Dan F. Long Middle School Middle Regular 718 51 4
Newman Smith High School High Regular 1,973 126 6

Sheffield Elementary School

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

Dan F. Long Middle School

  • Education Level: Middle
  • # of students: 718
  • # of teachers: 51
4
GreatSchools Rating

Newman Smith High School

  • Education Level: High
  • # of students: 1,973
  • # of teachers: 126
6
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,673$3,267$2,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,970
EXPENSES Loan Payment -$1,753
Property Tax -$939
Property Insurance -$244
Property Management Fees -$99
CASH FLOW
-$64

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.

$475,000

PROJECTED PRICE

$2,970

PROJECTED RENT

0.63%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$20,974

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,970

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $3,055

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9703$2,995
$2,995
RENT COMPS ANALYSIS
  • 18747 Rembrandt Terrace Dallas, TX 2
    • 5 beds 5 baths ∙ 3,748 Sqft ∙ Built 1992 5 beds 5 baths ∙ 3,748 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,970
    • $0.79
    •  
  • 4416 Voss Hills Place Dallas, TX 1
    • 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 1991 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 1991
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.80
    •  
  • 18528 Vista Del Sol Dallas, TX 3
    • 4 beds 3 baths ∙ 3,589 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,589 Sqft ∙ Built 1990
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.83
    •  
PROPERTY LISTING DETAILS
Brandt Barham
Compass Re Texas, Llc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464793
Last Updated: 11/04/2020
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