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3808 Walden Way Dallas, TX 75287

4 Beds 3 Baths 3,026 sqft Built 1994

$469,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $154.99
  • 2 Days on Market
  • MLS # : 14527458
  • Updated Date : 03/06/2021 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,026 sqft
  • Baths : 3 full
Listing Agent

Platinum North Realty

Listing Agent's Description

Gorgeous home located in the perfect North Dallas location! Beautiful mature trees! Home features 4 bdrms, 3 baths and an open layout, perfect for entertaining! Spacious kitchen w island is open to breakfast nook and living room. Beautiful wood floors in all main areas. Large master suite w fireplace and large balcony overlooking the sparkling pool and spa with tons of privacy! No houses behind you. Nice loft upstairs makes for the perfect play area, study or exercise room. Located close to George Bush, Dallas N Tollway, shopping, schools and more! Majority of windows have been recently replaced. One new AC unit installed in 2016. Radiant barrier, solar attic fan and solar panel on roof for energy efficiency.

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

Neighborhood: Midway Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $102k426k

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

Neighborhood: Midway Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9472287

* 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
Kathryn S. Mcwhorter Elementary School Primary Regular 717 40 2
Ted Polk Middle School Middle Regular 1,100 64 4
Newman Smith High School High Regular 1,973 126 6

Kathryn S. Mcwhorter Elementary School

  • Education Level: Primary
  • # of students: 717
  • # of teachers: 40
2
GreatSchools Rating

Ted Polk Middle School

  • Education Level: Middle
  • # of students: 1,100
  • # of teachers: 64
4
GreatSchools Rating

Newman Smith High School

  • Education Level: High
  • # of students: 1,973
  • # of teachers: 126
6
GreatSchools Rating
 

$422,100$515,900$469,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$1,629
Property Tax -$927
Property Insurance -$202
Property Management Fees -$99
CASH FLOW
-$57

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.

$469,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 3.9%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,629

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,905

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $3,064

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,8003$3,0004$3,0005$3,195
$3,195
RENT COMPS ANALYSIS
  • 3808 Walden Way Dallas, TX 2
    • 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,026 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
  • 17635 Millwood Place Dallas, TX 1
    • 4 beds 4 baths ∙ 2,932 Sqft ∙ Built 1992 4 beds 4 baths ∙ 2,932 Sqft ∙ Built 1992
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.90
    •  
  • 3832 Granbury Drive Dallas, TX 3
    • 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,766 Sqft ∙ Built 1997
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.08
    •  
  • 3828 Walden Way Dallas, TX 4
    • 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1993
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.97
    •  
  • 4207 Country Brook Drive Dallas, TX 5
    • 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,906 Sqft ∙ Built 1978
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.10
    •  
PROPERTY LISTING DETAILS
Reza Ghanbarpour
Platinum North Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14527458
Last Updated: 03/06/2021
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