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2725 Yellow Jasmine Lane Dallas, TX 75212

3 Beds 4 Baths 1,856 sqft Built 2017

INVESTimate

$435,000

List Price

$2,190

$1,971 - $2,409

Rent Est.

$488,679  ( +12.34%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2017
  • Price/Sqft : $234.38
  • 9 Days on Market
  • MLS # : 14416027
  • Updated Date : 08/19/2020 at 04:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,856 sqft
  • Baths : 3 full , 1 half
Listing Agent

Christie's Int'l Ulterre

Listing Agent's Description

Located less than a mile from Trinity Groves and Sylvan 30 shopping center. Quick access to DNT, 75, 30 and 35. Downtown assessable via Commerce. Living and dining on second floor, separated by kitchen in center, with large island. Half bath off second floor. Secondary bedrooms on 1st and 3rd floor. Master on 3rd has large bath with stand up shower and 2 WICs. Laundry room on 3rd. Community pool on site. Unit includes: washer, dryer and fridge. See 3D tour (in supplements).

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Muncie

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $60k243k

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

Neighborhood: Muncie

NeighborhoodNIR Market*CityMarket2010Year20002019 Q260070080090010001100120013001400150016001700Rent in $5601734

* 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
Sidney Lanier Expressive Arts Vanguard Primary Magnet 610 43 7
L.g. Pinkston High School Middle Regular 999 74 3
L.g. Pinkston High School High Regular 999 74 3

Sidney Lanier Expressive Arts Vanguard

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 43
7
GreatSchools Rating

L.g. Pinkston High School

  • Education Level: Middle
  • # of students: 999
  • # of teachers: 74
3
GreatSchools Rating

L.g. Pinkston High School

  • Education Level: High
  • # of students: 999
  • # of teachers: 74
3
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$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$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,605
Property Tax -$1,031
Property Insurance -$134
HOA -$150
Property Management Fees -$99
CASH FLOW
-$830

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.

$435,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.34%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$34

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,091

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7503$2,1904$2,700
$2,700
RENT COMPS ANALYSIS
  • 2725 Yellow Jasmine Lane Dallas, TX 3
    • 3 beds 4 baths ∙ 1,856 Sqft ∙ Built 2017 3 beds 4 baths ∙ 1,856 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.18
    •  
  • 2423 Poinciana Place Dallas, TX 1
    • 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2003
    property image
    LEASED 07/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
  • 2436 Tan Oak Drive Dallas, TX 2
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2002
    property image
    LEASED 03/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.85
    •  
  • 971 Bassett Place Dallas, TX 4
    • 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2015
    property image
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.50
    •  
PROPERTY LISTING DETAILS
Laura Nelson
Christie's Int'l Ulterre
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416027
Last Updated: 08/19/2020
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