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306 Cypress Street Duncanville, TX 75137

3 Beds 2 Baths 1,850 sqft Built 2021

$289,900

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $156.70
  • 2 Days on Market
  • MLS # : 14504773
  • Updated Date : 01/23/2021 at 23:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,850 sqft
  • Baths : 2 full
Listing Agent

Ultima Real Estate

Listing Agent's Description

Bellisima Casa, Modern & Spacious NEW Construction Home in Duncanville! Fabulous Floor Plan features 10 ft Vaulted ceilings, 8ft doors, Neutral colors, high-quality finish-out, 3 Bedrooms, 1 Living, 1 Dining, 2 Luxurious Full Baths & 2 Car Garage. White Custom Built Wood Cabinetry with Gray Quartz Stone Counters in Peninsula Kitchen & Baths, SS Appliances. Separate shower & dual sinks in Luxurious Master Bath with Walk-in shower. Landscaped, Great Oversized Covered Patio is perfect for entertaining with family & friends. 15 min of downtown Dallas, near shopping & dining, Charlton Methodist Hospital & easy access to major freeways! Buyer & Buyer's Agent to verify all property info. Hurry Send your Offer Today!

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: Red Bud Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $57k243k

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

Neighborhood: Red Bud Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6081734

* 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
Brandenburg Intermediate School Primary Regular 540 34 4
Byrd Middle School Middle Regular 786 48 5
Duncanville High School High Regular 3,923 238 3

Brandenburg Intermediate School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 34
4
GreatSchools Rating

Byrd Middle School

  • Education Level: Middle
  • # of students: 786
  • # of teachers: 48
5
GreatSchools Rating

Duncanville High School

  • Education Level: High
  • # of students: 3,923
  • # of teachers: 238
3
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,007
Property Tax -$707
Property Insurance -$134
Property Management Fees -$99
CASH FLOW
-$577

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$289,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.0%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,824

INVESTMENT

$78,824

Down Payment
$72,475
Rehab Estimate
$2,000
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$31

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,341

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$975
1$9752$1,3703$1,850
$1,850
RENT COMPS ANALYSIS
  • 306 Cypress Street Duncanville, TX 2
    • 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.74
    •  
  • 1018 Mansfield Lane Duncanville, TX 1
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2006
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $0.56
    •  
  • 1030 Stanwyck Avenue Duncanville, TX 3
    • 4 beds 3 baths ∙ 2,083 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,083 Sqft ∙ Built 2017
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.89
    •  
PROPERTY LISTING DETAILS
Elva Torres-fonseca
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504773
Last Updated: 01/23/2021
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