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3939 Stockton Dallas, TX 75287

3 Beds 2 Baths 1,707 sqft Built 1996

$299,999

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $175.75
  • 6 Days on Market
  • MLS # : 14473074
  • Updated Date : 12/22/2020 at 02:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,707 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Allen

Listing Agent's Description

Fantastic one story home with two bedrooms, two baths, living room, formal dining, and a large study, located in North Dallas. Open floor plan offers laminate floors throughout. Kitchen showcases granite counter tops with oak cabinets and included fridge. Huge master bedroom with sitting area, and a spacious master bath with separate shower and bath. Programmable thermostat, new roof in 2016, and new AC in 2018. Conveniently located near schools, shopping, and major highways. Close to 190 and Dallas Tollway. Community pool and facilities. Front yard is maintained by HOA. Low maintenance backyard with patio.

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: Far North Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $102k403k

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

Neighborhood: Far North Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9472548

* 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
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,107
Property Tax -$593
Property Insurance -$126
HOA -$100
Property Management Fees -$99
CASH FLOW
$55

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.

$299,999

PROJECTED PRICE

$2,080

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$20,827

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.22

    LIST RENT PER SQFT
  • $2,176

    COMP ESTIMATED VALUE
  • $1.28

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0003$2,0804$2,1005$2,350
$2,350
RENT COMPS ANALYSIS
  • 3939 Stockton Dallas, TX 3
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.22
    •  
  • 18712 Voss Road Dallas, TX 1
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 1986
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.25
    •  
  • 4034 Midrose Trail Dallas, TX 2
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1997
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.26
    •  
  • 18851 Park Grove Lane Dallas, TX 4
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1997
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.25
    •  
  • 18219 Muir Circle Dallas, TX 5
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1995
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.34
    •  
PROPERTY LISTING DETAILS
Chaojing Chang
Keller Williams Realty Allen
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14473074
Last Updated: 12/22/2020
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