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3824 Pine Tree Court Dallas, TX 75206

3 Beds 3 Baths 2,421 sqft Built 2014

$639,900

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $264.31
  • 3 Days on Market
  • MLS # : 14517938
  • Updated Date : 02/12/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,421 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Best Descriptives For This Detached Single-Family Home Include Contemporary-Sleek-Abundance Of Natural Light-Gently Lived In~Home Was Built By Miles Durham With Focus On Energy Efficient Features That Include A 16 SEER HVAC, Rinnai Tankless Water Heater, Radiant Barrier Roof Decking & Low-E Dual Pane Windows~Open Floor Plan Features High Ceilings & Walls Of Windows That Create An Airy Bright Ambiance~Other Features Include Wine Room-Dry Bar,Meticulously Designed Bathrooms, Spacious Kitchen With Plenty Of Storage,Over-Sized 2 Car Garage, Low Maintenance Private Backyard~Fabulous Location In The Heart Of The M Streets With Close Proximity To Glencoe Park, Katy Trail, Lower Greenville, Mockingbird Station & SMU

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: Glencoe Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $102k524k

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

Neighborhood: Glencoe Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9472970

* 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
Mockingbird Elementary School Primary Regular 616 43 9
J.l. Long Middle School Middle Regular 1,299 83 5
Woodrow Wilson High School High Regular 1,697 100 5

Mockingbird Elementary School

  • Education Level: Primary
  • # of students: 616
  • # of teachers: 43
9
GreatSchools Rating

J.l. Long Middle School

  • Education Level: Middle
  • # of students: 1,299
  • # of teachers: 83
5
GreatSchools Rating

Woodrow Wilson High School

  • Education Level: High
  • # of students: 1,697
  • # of teachers: 100
5
GreatSchools Rating
 

$575,910$703,890$639,900

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$2,223
Property Tax -$1,517
Property Insurance -$167
HOA -$83
Property Management Fees -$99
CASH FLOW
-$679

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.

$639,900

PROJECTED PRICE

$3,410

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,324

INVESTMENT

$175,324

Down Payment
$159,975
Rehab Estimate
$5,750
Closing Costs
$9,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,975
Loan Amount $479,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $3,414

    COMP ESTIMATED VALUE
  • $1.41

    COMP AVG. RENT PER SQFT
Comps Range
$3,410
1$3,4102$3,5003$3,5004$3,5505$3,600
$3,600
RENT COMPS ANALYSIS
  • 3824 Pine Tree Court Dallas, TX 1
    • 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,421 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $1.41
    •  
  • 5613 Martel Avenue Dallas, TX 2
    • 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 2006
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.46
    •  
  • 5628 Ellsworth Avenue Dallas, TX 3
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2005
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.38
    •  
  • 5557 Martel Avenue Dallas, TX 4
    • 3 beds 3 baths ∙ 2,497 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,497 Sqft ∙ Built 2011
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.42
    •  
  • 5630 Ellsworth Avenue Dallas, TX 5
    • 3 beds 3 baths ∙ 2,610 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,610 Sqft ∙ Built 2005
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.38
    •  
PROPERTY LISTING DETAILS
Christina Harmon
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517938
Last Updated: 02/12/2021
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