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

4105 Walnut Meadow Lane Dallas, TX 75229

3 Beds 4 Baths 3,901 sqft Built 2000

$699,000

List Price

$4,520

$4.3K - $4.8K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $179.18
  • 5 Days on Market
  • MLS # : 14490273
  • Updated Date : 12/23/2020 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,901 sqft
  • Baths : 3 full , 1 half
Listing Agent

Allie Beth Allman & Assoc.

Listing Agent's Description

Beautiful Walnut Meadows gated community home situated at the end of a peaceful cul-de-sac. Beautiful custom home with Hardwoods, marble, and ceramic tile floors. Large newly updated kitchen, vaulted ceiling great room which flows to the outdoor patio and entertainment area. Large Master bedroom with fireplace down and updated Master Bath. 2 bedrooms with baths upstairs. A large Office downstairs could double as an exercise room. 3 car garage. This is a premier home in a popular North Dallas area close to top-rated Dallas private schools.

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: Northwest Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $88k457k

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

Neighborhood: Northwest Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9452570

* 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
Walnut Hill Elementary School Primary Regular 375 31 10
Edward H. Cary Middle School Middle Regular 587 39 3
Thomas Jefferson High School High Regular 1,719 100 3

Walnut Hill Elementary School

  • Education Level: Primary
  • # of students: 375
  • # of teachers: 31
10
GreatSchools Rating

Edward H. Cary Middle School

  • Education Level: Middle
  • # of students: 587
  • # of teachers: 39
3
GreatSchools Rating

Thomas Jefferson High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 100
3
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$4,068$4,972$4,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,520
EXPENSES Loan Payment -$2,579
Property Tax -$1,795
Property Insurance -$253
HOA -$183
Property Management Fees -$99
CASH FLOW
-$389

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.

$699,000

PROJECTED PRICE

$4,520

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$7,201

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,520

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $4,779

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,5203$4,850
$4,850
RENT COMPS ANALYSIS
  • 4105 Walnut Meadow Lane Dallas, TX 2
    • 3 beds 4 baths ∙ 3,901 Sqft ∙ Built 2000 3 beds 4 baths ∙ 3,901 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $4,520
    • $1.16
    •  
  • 3859 Cortez Drive Dallas, TX 1
    • 4 beds 5 baths ∙ 3,606 Sqft ∙ Built 2019 4 beds 5 baths ∙ 3,606 Sqft ∙ Built 2019
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.16
    •  
  • 9107 Cochran Bluff Lane Dallas, TX 3
    • 4 beds 4 baths ∙ 3,758 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,758 Sqft ∙ Built 2011
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $1.29
    •  
PROPERTY LISTING DETAILS
Erin Young Garrett
Allie Beth Allman & Assoc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490273
Last Updated: 12/23/2020
BESbswy