Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

405 Dominion Drive Euless, TX 76039

4 Beds 4 Baths 3,271 sqft Built 2015

$515,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $157.44
  • 2 Days on Market
  • MLS # : 14504630
  • Updated Date : 01/22/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,271 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Beautiful Home strategically located near multiple freeways for easy commute. Freshly painted, bright and light this home has everything. Open concept home with Energy Star Efficiency, Master and Guest room on the first floor, study with glass doors, mud room, utility, formal dining, living, kitchen and breakfast downstairs. Two bedrooms, powder bath, full bath, game and media upstairs. Conveniently located near community pool yet has pool sized backyard with covered patio. Beautifully appointed kitchen has double ovens, five burner cooktop and a walk in pantry. Refrigerator will convey. All of the benefits of a newer home with the convenience of location and access. Don't miss this one!

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: Villages of Bear Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k411k

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

Neighborhood: Villages of Bear Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9932137

* 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
Midway Park Elementary School Primary Regular 701 41 7
Euless Junior High School Middle Regular 1,024 57 8
Euless Junior High School High Regular 1,024 57 8

Midway Park Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 41
7
GreatSchools Rating

Euless Junior High School

  • Education Level: Middle
  • # of students: 1,024
  • # of teachers: 57
8
GreatSchools Rating

Euless Junior High School

  • Education Level: High
  • # of students: 1,024
  • # of teachers: 57
8
GreatSchools Rating
 

$463,500$566,500$515,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,789
Property Tax -$1,000
Property Insurance -$216
HOA -$63
Property Management Fees -$99
CASH FLOW
-$576

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.

$515,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.7%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$268

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,584

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,4003$2,5004$2,5005$2,590
$2,590
RENT COMPS ANALYSIS
  • 405 Dominion Drive Euless, TX 5
    • 4 beds 4 baths ∙ 3,271 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,271 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.79
    •  
  • 2216 Oak Park Drive Bedford, TX 1
    • 4 beds 3 baths ∙ 2,936 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,936 Sqft ∙ Built 2002
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.78
    •  
  • 506 Port Royale Way Euless, TX 2
    • 4 beds 3 baths ∙ 2,932 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,932 Sqft ∙ Built 2008
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
  • 604 Erica Lane Euless, TX 3
    • 5 beds 4 baths ∙ 3,276 Sqft ∙ Built 2004 5 beds 4 baths ∙ 3,276 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.76
    •  
  • 1102 Winston Drive Euless, TX 4
    • 4 beds 3 baths ∙ 3,114 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,114 Sqft ∙ Built 1996
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
PROPERTY LISTING DETAILS
Pat Ranney
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14504630
Last Updated: 01/22/2021
BESbswy