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3722 Adriana Avenue Irving, TX 75038

3 Beds 2 Baths 1,620 sqft Built 2016

INVESTimate

$355,000

List Price

$2,130

$1,917 - $2,343

Rent Est.

$378,253  ( +6.55%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2016
  • Price/Sqft : $219.14
  • 9 Days on Market
  • MLS # : 14415654
  • Updated Date : 08/25/2020 at 17:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,620 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

North facing single story home just listed in the desirable community of Dominion Estates. 3 BR, 2 BA, open-concept floorplan with beautiful features including granite, subway tile backsplash, accented ceilings, hardwood floors, gas fireplace and more! This charming home has a gourmet-style kitchen w a massive island w extra seating, a gas cooktop & ss appliances. Primary bedroom suite is a luxurious retreat if you enjoy a spa-like bathroom that includes a garden soaker tub, oversized shower and enormous walk-in closet. Private backyard has endless possibilities including a deck for grilling. This neighborhood is central to everything that Dallas has to offer, not to mention minutes from DFW airport. Call now!

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

Zip Code: 75038

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $107k302k

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

Zip Code: 75038

ZipNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10432877

* 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
Townsell Elementary School Primary Regular 898 56 4
Houston Middle School Middle Regular 925 66 5
Macarthur High School High Regular 2,759 179 5

Townsell Elementary School

  • Education Level: Primary
  • # of students: 898
  • # of teachers: 56
4
GreatSchools Rating

Houston Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 66
5
GreatSchools Rating

Macarthur High School

  • Education Level: High
  • # of students: 2,759
  • # of teachers: 179
5
GreatSchools Rating
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,310
Property Tax -$807
Property Insurance -$121
HOA -$52
Property Management Fees -$99
CASH FLOW
-$258

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.

$355,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.55%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,310

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,031

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $2,252

    COMP ESTIMATED VALUE
  • $1.39

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,130
$2,130
RENT COMPS ANALYSIS
  • 3722 Adriana Avenue Irving, TX 2
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $1.31
    •  
  • 3631 Chesterfield Street Irving, TX 1
    • 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2016
    property image
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.39
    •  
PROPERTY LISTING DETAILS
Denise Johnson
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415654
Last Updated: 08/25/2020
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