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3927 Roberts Avenue Dallas, TX 75215

3 Beds 2 Baths 1,090 sqft Built 2021

$168,990

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
Built 2021 NEW CONSTRUCTION
December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $155.04
  • 6 Days on Market
  • MLS # : 14491901
  • Updated Date : 12/31/2020 at 20:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,090 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14491901 - Built by Ameritex Homes - February completion! ~ 3 bedrooms; 2 bathrooms; two motion exterior floodlights; low E insulated glass windows with screens; weather stripping on all exterior doors; smooth two square 6ft interior doors; 3.25 in baseboard moulding; 30in flat panel kitchen cabinets; vinyl flooring; 50-gallon electric water heater; programmable smart thermostat; keyless smart locks; granite countertops; microwave; electric range; energy-efficient dishwasher; refrigerator; 50-50 stainless steel kitchen sink. **Photos and 3D tour may be representative of the house plan, but not actual photos of the home**

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: Bertrand

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $53k243k

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

Neighborhood: Bertrand

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6851734

* 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
Martin Luther King Jr. Learning Center Primary Regular 502 33 2
Billy Earl Dade Middle School Middle Regular 888 68 2
James Madison High School High Regular 464 42 2

Martin Luther King Jr. Learning Center

  • Education Level: Primary
  • # of students: 502
  • # of teachers: 33
2
GreatSchools Rating

Billy Earl Dade Middle School

  • Education Level: Middle
  • # of students: 888
  • # of teachers: 68
2
GreatSchools Rating

James Madison High School

  • Education Level: High
  • # of students: 464
  • # of teachers: 42
2
GreatSchools Rating
 

$152,091$185,889$168,990

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$624
Property Tax -$401
Property Insurance -$90
Property Management Fees -$99
CASH FLOW
$157

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$168,990

PROJECTED PRICE

$1,370

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$46,782

INVESTMENT

$46,782

Down Payment
$42,248
Rehab Estimate
$2,000
Closing Costs
$2,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$624

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,248
Loan Amount $126,743
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$26,197

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,360

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,335
1$1,3352$1,3403$1,3704$1,3855$1,385
$1,385
RENT COMPS ANALYSIS
  • 3927 Roberts Avenue Dallas, TX 3
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.26
    •  
  • 2711 Burger Dallas, TX 1
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,335
    • $1.22
    •  
  • 3610 Atlanta Dallas, TX 2
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.23
    •  
  • 3531 York St Dallas, TX 4
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $1.27
    •  
  • 4603 Spring Garden Dallas, TX 5
    • 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,090 Sqft ∙ Built 2020
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,385
    • $1.27
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491901
Last Updated: 12/31/2020
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