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4021 Bowser Avenue Dallas, TX 75219

3 Beds 4 Baths 2,681 sqft Built 2001

INVESTimate

$689,000

List Price

$3,620

$3,370 - $3,870

Rent Est.

$736,403  ( +6.88%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $256.99
  • 9 Days on Market
  • MLS # : 14414742
  • Updated Date : 08/18/2020 at 17:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,681 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bill Griffin Real Estate

Listing Agent's Description

Pristine, 1 of a kind single family detached townhome in North Oaklawn. Enter through a secured gate to a thoughtfully landscaped private green space that leads you to a beautifully designed property. 2nd level has spacious main living areas with tall ceilings + a see through fireplace that separates the LR&DR. Tall glass doors open out to a private covered patio to bring the outside in. 3rd level has an open office area w dramatic two story study, mstr br with walk in closet, fp, utility room, dramatic skylight and spa like bath. 4th level opens to a 16x16 roof deck with breathtaking view of the downtown and Turtle Creek skyline. They don't build modern homes like they use to: original, innovative, pristine!

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: Oak Lawn

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $102k418k

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

Neighborhood: Oak Lawn

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9472251

* 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
Ben Milam Elementary School Primary Regular 272 18 5
Alex W. Spence Talented - Gifted Academy Middle Magnet 914 69 5
North Dallas High School High Regular 1,212 82 2

Ben Milam Elementary School

  • Education Level: Primary
  • # of students: 272
  • # of teachers: 18
5
GreatSchools Rating

Alex W. Spence Talented - Gifted Academy

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 69
5
GreatSchools Rating

North Dallas High School

  • Education Level: High
  • # of students: 1,212
  • # of teachers: 82
2
GreatSchools Rating
 

$620,100$757,900$689,000

PURCHASE PRICE

$3,258$3,982$3,620

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,620
EXPENSES Loan Payment -$2,542
Property Tax -$1,634
Property Insurance -$182
Property Management Fees -$99
CASH FLOW
-$837

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.

$689,000

PROJECTED PRICE

$3,620

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.88%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,335

INVESTMENT

$188,335

Down Payment
$172,250
Rehab Estimate
$5,750
Closing Costs
$10,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,620

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $3,948

    COMP ESTIMATED VALUE
  • $1.47

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,6203$3,8004$3,9005$4,200
$4,200
RENT COMPS ANALYSIS
  • 4021 Bowser Avenue Dallas, TX 2
    • 3 beds 4 baths ∙ 2,681 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,681 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,620
    • $1.35
    •  
  • 4027 Bowser Avenue Dallas, TX 1
    • 3 beds 4 baths ∙ 2,534 Sqft ∙ Built 2000 3 beds 4 baths ∙ 2,534 Sqft ∙ Built 2000
    LEASED 08/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.34
    •  
  • 3640 Miles Street Dallas, TX 3
    • 3 beds 4 baths ∙ 2,682 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,682 Sqft ∙ Built 2016
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.42
    •  
  • 4424 Vandelia Street Dallas, TX 4
    • 3 beds 4 baths ∙ 2,510 Sqft ∙ Built 2003 3 beds 4 baths ∙ 2,510 Sqft ∙ Built 2003
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,900
    • $1.55
    •  
  • 5169 Artemesia Lane Dallas, TX 5
    • 3 beds 4 baths ∙ 2,653 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,653 Sqft ∙ Built 2018
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.58
    •  
PROPERTY LISTING DETAILS
William Griffin
Bill Griffin Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14414742
Last Updated: 08/18/2020
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