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225 Sunset Drive Glenn Heights, TX 75154

3 Beds 2 Baths 1,806 sqft Built 1986

$235,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $130.12
  • 3 Days on Market
  • MLS # : 14470879
  • Updated Date : 11/13/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,806 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite Company

Listing Agent's Description

Beautiful one owner home ready to move in! Inviting inground gunite play pool. Huge side yard great for the gardener or kids play area. Oversized living area features vaulted ceiling, gas start wood burning fireplace with antique mantel. Large dining area great for all those family gatherings. Split bedroom floor plan. Great master bedroom with exterior door to pool area. Updated master bathroom with dual sinks. Fresh paint inside and outside. Study located upstairs great for working at home. Foundation has been repaired by Structured Foundation and has lifetime transferrable warranty. Don't miss this affordable home!

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

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $110k243k

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

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10151734

* 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
D.t. Shields Elementary School Primary Regular 563 33 6
Red Oak Junior High School Middle Regular 872 52 6
Red Oak High School High Regular 1,794 115 5

D.t. Shields Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 33
6
GreatSchools Rating

Red Oak Junior High School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 52
6
GreatSchools Rating

Red Oak High School

  • Education Level: High
  • # of students: 1,794
  • # of teachers: 115
5
GreatSchools Rating
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$867
Property Tax -$546
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
-$154

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.

$235,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,648

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,607

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4903$1,5954$1,6005$1,782
$1,782
RENT COMPS ANALYSIS
  • 225 Sunset Drive Glenn Heights, TX 2
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.83
    •  
  • 225 Hollywood Drive Glenn Heights, TX 1
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1997
    LEASED 12/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.81
    •  
  • 320 Pebblebrook Lane Glenn Heights, TX 3
    • 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,834 Sqft ∙ Built 1988
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
  • 801 Rock Creek Drive Oak Leaf, TX 4
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1983
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 205 Pebblebrook Lane Glenn Heights, TX 5
    • 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,962 Sqft ∙ Built 1989
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,782
    • $0.91
    •  
PROPERTY LISTING DETAILS
Ann Weaver
Century 21 Judge Fite Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470879
Last Updated: 11/13/2020
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