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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $192.77
- 2 Days on Market
- MLS # : 14485647
- Updated Date : 12/12/2020 at 20:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,867 sqft
- Baths : 2 full
Listing Agent
Dwell Dallas Realtors, Llc
Listing Agent's Description
This Stylish Modern Residence is centrally located within the Bustling Neighborhood of West Dallas near Trinity Groves & Downtown Dallas. Highlights include a generous living area with ample natural light, a welcoming kitchen & dining area, sophisticated finishes, designer lighting, SS appliances, Spacious Master Bdrm with a luxurious master bath, & much more! Flooring will be either laminate or luxury vinyl. Est Completion is approx Mid to End January. All info contained herein deemed reliable but not guaranteed. Buyer(s) to verify all info including schools & dimensions. Ask about FREE UPGRADE ITEM. Actual photos will be updated soon.
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: Westmoreland Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westmoreland Heights
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,328 |
| Property Tax | -$853 | |
| Property Insurance | -$135 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$755
|
||
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.
$359,900
PROJECTED PRICE
$1,660
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 12.3% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$97,374
LOAN DETAILS
$1,328
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,975 |
| Loan Amount | $269,925 |
-0.17
YEARS SAVED
-$42
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,091
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
-
3416 Gallagher Street Dallas, TX 1
- 4 beds 2 baths ∙ 1,867 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,867 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $1,660
- $0.89
-
2423 Poinciana Place Dallas, TX 2
- 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,546 Sqft ∙ Built 2003
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,695
- $1.10
-
4451 Canada Drive Dallas, TX 3
- 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,660 Sqft ∙ Built 2001
LEASED 10/02/20- Rent
- Rent Per SQFT
- $1,895
- $1.14
-
4024 Shadrack Drive Dallas, TX 4
- 4 beds 2 baths ∙ 1,781 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,781 Sqft ∙ Built 2020
LEASED 11/15/20- Rent
- Rent Per SQFT
- $2,000
- $1.12
-
3615 Pueblo Street Dallas, TX 5
- 5 beds 3 baths ∙ 2,061 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,061 Sqft ∙ Built 2018
LEASED 12/16/19- Rent
- Rent Per SQFT
- $2,300
- $1.12
PROPERTY LISTING DETAILS
Dwell Dallas Realtors, Llc
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14485647
Last Updated: 12/12/2020
