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2316 Hunters Run Drive Dallas, TX 75232

3 Beds 2 Baths 1,344 sqft Built 1994

$165,500

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $123.14
  • 5 Days on Market
  • MLS # : 14462805
  • Updated Date : 10/30/2020 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 2 full
Listing Agent

R & R Realtors

Listing Agent's Description

This home is a real charmer that's waiting on it's new owner. This 3-2-2 home features a spacious living area and beautiful kitchen with updated fixtures, freshly painted cabinets, granite counter tops & backlash and a water filter system. It also includes freshly painted rooms, new ceiling fans, updated fixtures, smart thermostat, garden tub in master and motion sensored outdoor lighting. The refrigerator and microwave stay with the home. Measurements and school should be verified by buyer or buyer's agent.

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: Wolf Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Wolf Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9091734

* 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
Birdie Alexander Elementary School Primary Regular 407 29 4
William Hawley Atwell Law Academy Middle Magnet 834 68 2
David W. Carter High School High Regular 1,040 64 2

Birdie Alexander Elementary School

  • Education Level: Primary
  • # of students: 407
  • # of teachers: 29
4
GreatSchools Rating

William Hawley Atwell Law Academy

  • Education Level: Middle
  • # of students: 834
  • # of teachers: 68
2
GreatSchools Rating

David W. Carter High School

  • Education Level: High
  • # of students: 1,040
  • # of teachers: 64
2
GreatSchools Rating
 

$148,950$182,050$165,500

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$611
Property Tax -$392
Property Insurance -$105
Property Management Fees -$99
CASH FLOW
$63

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.

$165,500

PROJECTED PRICE

$1,270

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,608

INVESTMENT

$49,608

Down Payment
$41,375
Rehab Estimate
$5,750
Closing Costs
$2,483

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$611

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,375
Loan Amount $124,125
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$13,449

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,418

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,4503$1,4504$1,5005$1,620
$1,620
RENT COMPS ANALYSIS
  • 2316 Hunters Run Drive Dallas, TX 1
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.94
    •  
  • 2332 Hunters Run Drive Dallas, TX 2
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1994
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
  • 3027 Appaloosa Drive Dallas, TX 3
    • 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 2013
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 7737 Los Gatos Drive Dallas, TX 4
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1981
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 3003 Appaloosa Drive Dallas, TX 5
    • 4 beds 2 baths ∙ 1,447 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,447 Sqft ∙ Built 2013
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.12
    •  
PROPERTY LISTING DETAILS
Maria Mitchell
R & R Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462805
Last Updated: 10/30/2020
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