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3529 Jubilee Trail Dallas, TX 75229

4 Beds 4 Baths 3,416 sqft Built 2008

$750,000

List Price

$3,900

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $219.56
  • 3 Days on Market
  • MLS # : 14493824
  • Updated Date : 01/09/2021 at 10:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,416 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

MULTI OFFERS HB BY 12PM SUNDAY Beautiful like new traditional home on a wide lot that is move in ready. This perfectly designed home features hardwood floors, study with french doors, spacious living room with FP and built ins, stunning large kitchen with 8 burner gas cooktop, a flexible breakfast room that doubles as a living area with fireplace, spacious master and master bath, guest room down and 2 bedrooms up with a loft, incredible amount of storage inside as well as in the 2 garages. Beauty is not just skin deep in this owner built home. 30 inch slab for foundation stability, radiant barrier not only in the 35 yr roof but behind the brick veneer as well, Trane 19 SEER AC all add up to low utility bills.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Northwest Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $88k457k

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

Neighborhood: Northwest Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9452570

* 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
Everette L. Degolyer Elementary School Primary Regular 393 28 8
Thomas C. Marsh Middle School Middle Regular 1,084 69 2
W. T. White High School High Regular 2,290 134 4

Everette L. Degolyer Elementary School

  • Education Level: Primary
  • # of students: 393
  • # of teachers: 28
8
GreatSchools Rating

Thomas C. Marsh Middle School

  • Education Level: Middle
  • # of students: 1,084
  • # of teachers: 69
2
GreatSchools Rating

W. T. White High School

  • Education Level: High
  • # of students: 2,290
  • # of teachers: 134
4
GreatSchools Rating
 

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

PURCHASE PRICE

$3,510$4,290$3,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,900
EXPENSES Loan Payment -$2,605
Property Tax -$1,778
Property Insurance -$225
Property Management Fees -$99
CASH FLOW
-$807

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.

$750,000

PROJECTED PRICE

$3,900

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.4%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

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

0.25

YEARS SAVED

$334

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,900

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$3,900
1$3,900
$3,900
RENT COMPS ANALYSIS
  • 3529 Jubilee Trail Dallas, TX
    • 4 beds 4 baths ∙ 3,416 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,416 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.14
    •  
PROPERTY LISTING DETAILS
Ned Cammack
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493824
Last Updated: 01/09/2021
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