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2046 Hollow Creek Drive Dallas, TX 75253

3 Beds 2 Baths 1,416 sqft Built 2006

$214,500

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $151.48
  • 3 Days on Market
  • MLS # : 14488438
  • Updated Date : 12/18/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,416 sqft
  • Baths : 2 full
Listing Agent

My Castle Realty

Listing Agent's Description

Beautiful 3 BD 2 BA, 1,415 SF home with two car garage in Hickory Creek Estates! Modern kitchen with all stainless steel appliances with warranties, granite counter tops, accent lighting, gorgeous backsplash, and beautiful ceramic tile! Roof and garage door with warranty installed December 2020. Fresh paint and sod. Newly installed carpet and decorative lighting. HVAC professionally maintained. Oversized master suite features dual sinks, shower, and huge walk-in closet! Spacious yard, great for entertaining!! Easy access to excellent schools, superb shopping, ne dining, and Highway I-20, I-635 and Highway 175. Home inspection completed Dec. 16, 2020.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Hickory Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Hickory Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8841734

* 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
Seagoville Elementary School Primary Regular 653 40 4
Seagoville Middle School Middle Regular 1,151 68 3
Seagoville High School High Regular 1,289 77 3

Seagoville Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 40
4
GreatSchools Rating

Seagoville Middle School

  • Education Level: Middle
  • # of students: 1,151
  • # of teachers: 68
3
GreatSchools Rating

Seagoville High School

  • Education Level: High
  • # of students: 1,289
  • # of teachers: 77
3
GreatSchools Rating
 

$193,050$235,950$214,500

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$791
Property Tax -$509
Property Insurance -$109
HOA -$10
Property Management Fees -$99
CASH FLOW
-$48

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.

$214,500

PROJECTED PRICE

$1,470

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.9%
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

PROJECTED ANNUAL CASH FLOW

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

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$62,593

INVESTMENT

$62,593

Down Payment
$53,625
Rehab Estimate
$5,750
Closing Costs
$3,218

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$791

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,625
Loan Amount $160,875
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,064

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,494

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,4504$1,4705$1,610
$1,610
RENT COMPS ANALYSIS
  • 2046 Hollow Creek Drive Dallas, TX 4
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.04
    •  
  • 2136 Coelum Court Dallas, TX 1
    • 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,268 Sqft ∙ Built 2005
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
  • 13726 Vida Lane Dallas, TX 2
    • 4 beds 2 baths ∙ 1,440 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,440 Sqft ∙ Built 2007
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.01
    •  
  • 2107 Coelum Court Dallas, TX 3
    • 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 2005
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.10
    •  
  • 2120 Coelum Court Dallas, TX 5
    • 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,600 Sqft ∙ Built 2006
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $1.01
    •  
PROPERTY LISTING DETAILS
Gary Bisha
My Castle Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488438
Last Updated: 12/18/2020
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