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212 Frio Drive Irving, TX 75039

3 Beds 3 Baths 2,960 sqft Built 2014

$526,500

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $177.87
  • 4 Days on Market
  • MLS # : 14466847
  • Updated Date : 11/12/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,960 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Beautiful park front Darling home, conveniently located between major hwys, is ready for it's new owners! Abundant natural light throughout, gorgeous handscraped wood floors, gas FP, soaring ceilings in family room & open floor plan is perfect for entertaining! Modern kitchen features updated granite, large eat-in island, SS appliances w gas cooktop. 1st floor master br w large, spa-like bath + soaking tub and walk-in shower. Generous sized master closet offers direct access to utility room w sink for comfort. Upstairs you'll find 2 br's and full bath, spacious game room, media room and office w balcony overlooking the backyard. Located mins from Campion Hike + Bike Trail & everything Las Colinas has to offer!!

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: Riverside Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $107k519k

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

Neighborhood: Riverside Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10433548

* 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
La Villita Elementary School Primary Regular 584 34 7
Barbara Bush Middle School Middle Regular 672 44 4
Ranchview High School High Regular 843 56 5

La Villita Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 34
7
GreatSchools Rating

Barbara Bush Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 44
4
GreatSchools Rating

Ranchview High School

  • Education Level: High
  • # of students: 843
  • # of teachers: 56
5
GreatSchools Rating
 

$473,850$579,150$526,500

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$1,943
Property Tax -$1,322
Property Insurance -$198
Property Management Fees -$99
CASH FLOW
-$481

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.

$526,500

PROJECTED PRICE

$3,080

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$10k-$5.0k$0.0$5.0k

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$145,273

INVESTMENT

$145,273

Down Payment
$131,625
Rehab Estimate
$5,750
Closing Costs
$7,898

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,943

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,625
Loan Amount $394,875
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,634

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $3,138

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,900
1$2,9002$3,0003$3,0804$3,2005$3,275
$3,275
RENT COMPS ANALYSIS
  • 212 Frio Drive Irving, TX 3
    • 3 beds 3 baths ∙ 2,960 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,960 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $1.04
    •  
  • 400 Rio Grande Drive Irving, TX 1
    • 4 beds 3 baths ∙ 3,008 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,008 Sqft ∙ Built 2011
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.96
    •  
  • 6835 Deleon Street Irving, TX 2
    • 3 beds 3 baths ∙ 2,848 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,848 Sqft ∙ Built 2016
    property image
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.05
    •  
  • 220 Guadalupe Drive Irving, TX 4
    • 4 beds 4 baths ∙ 3,011 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,011 Sqft ∙ Built 2009
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.06
    •  
  • 6724 Castillo Street Irving, TX 5
    • 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2013
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,275
    • $1.17
    •  
PROPERTY LISTING DETAILS
Jinny Kim
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466847
Last Updated: 11/12/2020
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