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18774 Vista Del Sol Dallas, TX 75287

3 Beds 3 Baths 2,015 sqft Built 1988

$315,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $156.33
  • 3 Days on Market
  • MLS # : 14465960
  • Updated Date : 11/07/2020 at 22:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,015 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Re Texas, Llc.

Listing Agent's Description

Outstanding, low maintenance home in Plano ISD. Brazilian hardwoods throughout most of the first floor with ceramic tile in the kitchen and breakfast nook. Kitchen has granite counters and stainless steel appliances. Living room features a gas fireplace with great views of the backyard which offers a two level deck, flagstone and upgraded landscaping! Freshly painted and landscaped. Community offers a pond, pool, tennis courts nas well as a workout facility and clubhouse!

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
Mitchell Elementary School Primary Regular 698 55 6
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Mitchell Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 55
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
 

$283,500$346,500$315,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,162
Property Tax -$622
Property Insurance -$144
HOA -$63
Property Management Fees -$99
CASH FLOW
$170

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.

$315,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.72%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$33,610

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,262

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2603$2,2954$2,2955$2,295
$2,295
RENT COMPS ANALYSIS
  • 18774 Vista Del Sol Dallas, TX 2
    • 3 beds 3 baths ∙ 2,015 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,015 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.12
    •  
  • 18712 Vista Del Sol Dallas, TX 1
    • 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,889 Sqft ∙ Built 1985
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.11
    •  
  • 18782 Vista Del Sol Dallas, TX 3
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1991
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.12
    •  
  • 4308 N Capistrano Drive Dallas, TX 4
    • 3 beds 3 baths ∙ 2,015 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,015 Sqft ∙ Built 1988
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.14
    •  
  • 4368 N Capistrano Drive Dallas, TX 5
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1990
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.12
    •  
PROPERTY LISTING DETAILS
Mia Vincent
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 #: 14465960
Last Updated: 11/07/2020
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