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1910 Etain Road Irving, TX 75060

3 Beds 2 Baths 1,414 sqft Built 1984

$225,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $159.12
  • 3 Days on Market
  • MLS # : 14531863
  • Updated Date : 03/13/2021 at 21:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,414 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Ftworth

Listing Agent's Description

MULTIPLE OFFERS. PLEASE SUBMIT HIGHEST AND BEST BY MARCH 14 by 5:30 pm. If convenience is a must on your list, this is the home for you. It is located in the heart of DFW near the Lone Star Park and near Vilbig Lakes. This well kept home has a new stove and dishwasher. It features an Open floor concept with a large living area, wood burning fireplace and tile in the common areas. All bedrooms have carpet. The interior of the house has been painted, and both restrooms showers feature brand new tile. The back fence is also new. Come and check it out!

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: Harbor Lakes West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k243k

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

Neighborhood: Harbor Lakes West

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
Stipes Elementary School Primary Regular 758 48 6
Lamar Middle School Middle Regular 809 58 5
Nimitz High School High Regular 2,409 166 3

Stipes Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 48
6
GreatSchools Rating

Lamar Middle School

  • Education Level: Middle
  • # of students: 809
  • # of teachers: 58
5
GreatSchools Rating

Nimitz High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 166
3
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$782
Property Tax -$497
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
$73

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.

$225,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.9%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$14,698

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,555

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5603$1,6004$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 1910 Etain Road Irving, TX 2
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.10
    •  
  • 1117 Terry Way Irving, TX 1
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 1973
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.14
    •  
  • 1912 Etain Road Irving, TX 3
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1983
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 2724 Marta Drive Irving, TX 4
    • 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,434 Sqft ∙ Built 1977
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.12
    •  
  • 2112 Spanish Trail Irving, TX 5
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1970
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.12
    •  
PROPERTY LISTING DETAILS
Adriana Fraire
Keller Williams Realty Ftworth
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531863
Last Updated: 03/13/2021
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