Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3303 Poinsettia Drive Dallas, TX 75211

4 Beds 2 Baths 1,920 sqft Built 2017

$350,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $182.29
  • 3 Days on Market
  • MLS # : 14500731
  • Updated Date : 01/15/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,920 sqft
  • Baths : 2 full
Listing Agent

Innovative Realty

Listing Agent's Description

Beautiful almost brand new 4 bedroom 2 bathroom home close to the Bishop Arts District. This stunning home boasts wood and ceramic designer tile floors, granite counters, a chef's kitchen with a huge island and 4 spacious bedrooms. The large living room flows perfectly off of the kitchen and has a beautiful wood burning stone fireplace as the focal point. The home has been finished with designer paint colors that make the home feel warm and cozy. The backyard is a great retreat that features a covered back porch, an additional covered pergola, firepit and a great storage building. This home has so much to offer and is sure to impress!

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: Winnetka Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $65k243k

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

Neighborhood: Winnetka Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6661734

* 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
Lenore Kirk Hall Elementary School Primary Regular 546 35 7
Lenore Kirk Hall Elementary School Middle Regular 546 35 7
Justin F. Kimball High School High Regular 1,442 90 2

Lenore Kirk Hall Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 35
7
GreatSchools Rating

Lenore Kirk Hall Elementary School

  • Education Level: Middle
  • # of students: 546
  • # of teachers: 35
7
GreatSchools Rating

Justin F. Kimball High School

  • Education Level: High
  • # of students: 1,442
  • # of teachers: 90
2
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,216
Property Tax -$830
Property Insurance -$138
Property Management Fees -$99
CASH FLOW
-$423

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.

$350,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 14.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$54

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,930

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8603$2,000
$2,000
RENT COMPS ANALYSIS
  • 3303 Poinsettia Drive Dallas, TX 2
    • 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.97
    •  
  • 2947 Saint Bernard Dallas, TX 1
    • 4 beds 2 baths ∙ 1,797 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,797 Sqft ∙ Built 2017
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.02
    •  
  • 4527 Marcell Avenue Dallas, TX 3
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2014
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.99
    •  
PROPERTY LISTING DETAILS
Andy Feekes
Innovative Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500731
Last Updated: 01/15/2021
BESbswy