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2408 Knight Street 
Dallas, TX
75219
3 Beds 3 Baths 2,472 sqft
Built 2007
INVESTimate
$469,000
List Price
$130,035
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PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $189.72
- 2 Days on Market
- MLS # : 14416180
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,472 sqft
- Baths : 2 full , 1 half
Listing Agent
Redfin Corporation
Listing Agent's Description
Beautiful meticulous maintained 2-story 3 bedrooms, 2.5 baths attached home. Filled with natural light, fresh paint, bay windows, 3 living areas, and wood floors throughout the first floor. Eat-in kitchen opens to the living area great for hosting family and friends. Equipped with large center island for prepping, granite countertops, gas range, and ample cabinetry for storage. Additional living area upstairs perfect for a game or media room. Spacious owner's en suite with sitting area, spa-like bath with dual sinks, and walk-in closet. Close to Downtown Dallas, Uptown, and Love Field airport. Walking distance to restaurants. A Must See!
SEE MORE
- . 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: Medical District
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Medical District
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,250 |
| EXPENSES | Loan Payment | -$1,730 |
| Property Tax | -$1,112 | |
| Property Insurance | -$170 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$139
|
||
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.
$469,000
PROJECTED PRICE
$3,250
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.56% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$130,035
LOAN DETAILS
$1,730
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,250 |
| Loan Amount | $351,750 |
5.83
YEARS SAVED
$37,273
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,250
LIST RENT -
$1.31
LIST RENT PER SQFT
-
$3,838
COMP ESTIMATED VALUE -
$1.55
COMP AVG. RENT PER SQFT
Comps Range
-
2408 Knight Street Dallas, TX 1
- 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,472 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $3,250
- $1.31
-
4424 Vandelia Street Dallas, TX 2
- 3 beds 4 baths ∙ 2,510 Sqft ∙ Built 2003 3 beds 4 baths ∙ 2,510 Sqft ∙ Built 2003
LEASED 06/04/20- Rent
- Rent Per SQFT
- $3,900
- $1.55
-
5467 Ashby Grove Street Dallas, TX 3
- 3 beds 4 baths ∙ 2,682 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,682 Sqft ∙ Built 2017
LEASED 05/18/20- Rent
- Rent Per SQFT
- $4,000
- $1.49
-
5169 Artemesia Lane Dallas, TX 4
- 3 beds 4 baths ∙ 2,653 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,653 Sqft ∙ Built 2018
LEASED 06/04/20- Rent
- Rent Per SQFT
- $4,200
- $1.58
-
3706 Dorothy Avenue Dallas, TX 5
- 3 beds 3 baths ∙ 2,665 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,665 Sqft ∙ Built 2016
LEASED 04/08/20- Rent
- Rent Per SQFT
- $4,250
- $1.59
PROPERTY LISTING DETAILS
Redfin Corporation
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14416180
Last Updated: 08/25/2020
