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3848 Walden Way Dallas, TX 75287

4 Beds 3 Baths 2,713 sqft Built 1993

$475,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $175.08
  • 2 Days on Market
  • MLS # : 14474781
  • Updated Date : 11/21/2020 at 12:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,713 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautifully updated home. Large Master Bedroom down with sitting area & fabulous renovated master bath with BT speakers. Open, bright, rich kitchen and family room overlooking the oasis with a refurbished pool and outdoor kitchen with three burner DCS grill, Alfresco Versapower cooking system. Shelf Genies in kitchen cabinets & Kraftmaid countertops. Waterproof Metroflor commercial grade flooring. Dining room and formal sitting area provide a large open, inviting space for a myriad of gatherings. Upstairs you will find 3 bedrooms, a completely updated bath with bluetooth speakers and a flex space - home office, game room or living area. Security system with front door and driveway cameras.

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
 

$427,500$522,500$475,000

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 -$1,753
Property Tax -$939
Property Insurance -$184
Property Management Fees -$99
CASH FLOW
-$175

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.

$475,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.59%

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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$13,619

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
  • $1.03

    LIST RENT PER SQFT
  • $2,957

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8403$2,9754$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 3848 Walden Way Dallas, TX 1
    • 4 beds 3 baths ∙ 2,713 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,713 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.03
    •  
  • 18316 Summerfield Drive Dallas, TX 2
    • 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,517 Sqft ∙ Built 1994
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.13
    •  
  • 18844 Park Grove Lane Dallas, TX 3
    • 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 1992 4 beds 4 baths ∙ 2,752 Sqft ∙ Built 1992
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $1.08
    •  
  • 3831 Granbury Drive Dallas, TX 4
    • 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1995
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.07
    •  
  • 3832 Granbury Drive Dallas, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Karen Young
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474781
Last Updated: 11/21/2020
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