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3313 Hall Court Dallas, TX 75219

3 Beds 4 Baths 3,578 sqft Built 2010

$750,000

List Price

$4,260

$4K - $4.5K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $209.61
  • 3 Days on Market
  • MLS # : 14509658
  • Updated Date : 02/12/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,578 sqft
  • Baths : 3 full , 1 half
Listing Agent

Joe Cloud & Associates

Listing Agent's Description

FALL in LOVE with this EXQUISITE Oak Lawn 3-story stand alone townhome! Gracefully situated on at the end of the stone paver drive within the GATED Reserve at Regan neighborhood.Control 4 SMART HOME technology. Quality & luxury abound. Attention to detail that is sure to impress!1st level boasts living area, bar area, BD BTH & access to the TURFED yard. Light & bright entertainment friendly 2nd level is perfect for gatherings. Kitchen appointed with Sub-Zero & Miele appliances, island & walk-in pantry. 3rd level boasts STUNNING owner suite with private balcony, SPA like bath, DREAM closet, laundry room & suited 3BD BTH. RELAXING outdoor living on all levels. ELEVATOR ready.Walkability to fine dining & shopping.

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: North Hall Townhome

NeighborhoodNIR Market*CityMarket2010Year20002019200k300k400k500k600k700k800k900kPrice in $102k953k

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

Neighborhood: North Hall Townhome

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9472262

* 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
Esperanza Medrano Elementary School Primary Regular 567 32 4
Thomas J. Rusk Middle School Middle Regular 572 41 3
North Dallas High School High Regular 1,212 82 2

Esperanza Medrano Elementary School

  • Education Level: Primary
  • # of students: 567
  • # of teachers: 32
4
GreatSchools Rating

Thomas J. Rusk Middle School

  • Education Level: Middle
  • # of students: 572
  • # of teachers: 41
3
GreatSchools Rating

North Dallas High School

  • Education Level: High
  • # of students: 1,212
  • # of teachers: 82
2
GreatSchools Rating
 

$675,000$825,000$750,000

PURCHASE PRICE

$3,834$4,686$4,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,260
EXPENSES Loan Payment -$2,605
Property Tax -$1,854
Property Insurance -$234
HOA -$305
Property Management Fees -$99
CASH FLOW
-$837

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.

$750,000

PROJECTED PRICE

$4,260

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,260

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $4,723

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$4,260
1$4,2602$4,900
$4,900
RENT COMPS ANALYSIS
  • 3313 Hall Court Dallas, TX 1
    • 3 beds 4 baths ∙ 3,578 Sqft ∙ Built 2010 3 beds 4 baths ∙ 3,578 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $4,260
    • $1.19
    •  
  • 3309 Hall Court Dallas, TX 2
    • 3 beds 3 baths ∙ 3,708 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,708 Sqft ∙ Built 2007
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,900
    • $1.32
    •  
PROPERTY LISTING DETAILS
Joe Cloud
Joe Cloud & Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509658
Last Updated: 02/12/2021
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