Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2057 Flora Lane Desoto, TX 75115

4 Beds 3 Baths 3,303 sqft Built 2021

$426,684

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $129.18
  • 5 Days on Market
  • MLS # : 14492445
  • Updated Date : 12/31/2020 at 12:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,303 sqft
  • Baths : 2 full , 1 half
Listing Agent

Classic Property Management

Listing Agent's Description

NEW Bloomfield Home Ready April 2021! You'll love our two story Seaberry Floorplan, this 4 bed, 3.5 bath home features a Brick elevation with a covered bricked front porch; Deluxe Kitchen; Study; Jack and Jill Bath Upstairs; Covered Patio; Oversized Yard on an approx. 10,000 sq. ft. lot; Fully landscaped. Call today!

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

Zip Code: 75115

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 75115

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451741

* 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
Brandenburg Intermediate School Primary Regular 540 34 4
Brandenburg Intermediate School Middle Regular 540 34 4
Duncanville High School High Regular 3,923 238 3

Brandenburg Intermediate School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 34
4
GreatSchools Rating

Brandenburg Intermediate School

  • Education Level: Middle
  • # of students: 540
  • # of teachers: 34
4
GreatSchools Rating

Duncanville High School

  • Education Level: High
  • # of students: 3,923
  • # of teachers: 238
3
GreatSchools Rating
 

$384,016$469,352$426,684

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 -$1,574
Property Tax -$1,020
Property Insurance -$218
HOA -$22
Property Management Fees -$99
CASH FLOW
-$673

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$426,684

PROJECTED PRICE

$2,260

PROJECTED RENT

0.53%

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) 3.00%
Vacancy 6.69%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$115,071

INVESTMENT

$115,071

Down Payment
$106,671
Rehab Estimate
$2,000
Closing Costs
$6,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,574

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,671
Loan Amount $320,013
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$3

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
  • $0.68

    LIST RENT PER SQFT
  • $2,296

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,260
1$2,2602$2,4953$2,500
$2,500
RENT COMPS ANALYSIS
  • 2057 Flora Lane Desoto, TX 1
    • 4 beds 3 baths ∙ 3,303 Sqft ∙ Built 2021 4 beds 3 baths ∙ 3,303 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.68
    •  
  • 1426 Levee Lane Cedar Hill, TX 2
    • 4 beds 4 baths ∙ 3,558 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,558 Sqft ∙ Built 2005
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.70
    •  
  • 950 Marisa Lane Desoto, TX 3
    • 5 beds 4 baths ∙ 3,613 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,613 Sqft ∙ Built 2004
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.69
    •  
PROPERTY LISTING DETAILS
Marsha Ashlock
Classic Property Management
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492445
Last Updated: 12/31/2020
BESbswy