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4111 Rainsong Drive Dallas, TX 75287

4 Beds 4 Baths 3,727 sqft Built 1987

$588,800

List Price

$3,410

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $157.98
  • 4 Days on Market
  • MLS # : 14469965
  • Updated Date : 11/12/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,727 sqft
  • Baths : 3 full , 1 half
Listing Agent

Better Homes & Gardens, Winans

Listing Agent's Description

Freshly painted kitchen cabinets and new frameless shower door in Master Bath. Classic floorplan with Owner suite on first floor with door to pool and spa. 44 windows, roof replaced (grade 4 impact resistant shingles) in 2016. Red Oak wood floors in first floor living rooms. Exterior painted Sept '20. Pool resurfaced, new tile added 2019. Board on board wood fence for privacy. Grassy area in back is ideal for pets or kids. PLANO ISD. Mitchell Elementary is 1 block away...no carpool line! Trinity Christian Academy nearby. Quick access to North Dallas Tollway or Bush Turnpike. Restaurants, retail stores, grocery stores, hospitals, parks, green spaces, numerous private country clubs are close.

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: Bent Tree West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $102k569k

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

Neighborhood: Bent Tree West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800Rent in $9472931

* 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
Mitchell Elementary School Primary Regular 698 55 6
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Mitchell Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 55
6
GreatSchools Rating

Frankford Middle School

  • Education Level: Middle
  • # of students: 1,122
  • # of teachers: 72
6
GreatSchools Rating

Plano West Senior High School

  • Education Level: High
  • # of students: 2,896
  • # of teachers: 165
7
GreatSchools Rating
 

$529,920$647,680$588,800

PURCHASE PRICE

$3,069$3,751$3,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,410
EXPENSES Loan Payment -$2,172
Property Tax -$1,163
Property Insurance -$243
Property Management Fees -$99
CASH FLOW
-$267

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.

$588,800

PROJECTED PRICE

$3,410

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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-$10k-$5.0k$0.0$5.0k$10k$15k

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$161,782

INVESTMENT

$161,782

Down Payment
$147,200
Rehab Estimate
$5,750
Closing Costs
$8,832

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,172

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,200
Loan Amount $441,600
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$13,146

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,410

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $3,569

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9953$3,4104$4,0005$4,500
$4,500
RENT COMPS ANALYSIS
  • 4111 Rainsong Drive Dallas, TX 3
    • 4 beds 4 baths ∙ 3,727 Sqft ∙ Built 1987 4 beds 4 baths ∙ 3,727 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $3,410
    • $0.91
    •  
  • 4416 Voss Hills Place Dallas, TX 1
    • 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 1991 4 beds 4 baths ∙ 3,458 Sqft ∙ Built 1991
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.80
    •  
  • 18528 Vista Del Sol Dallas, TX 2
    • 4 beds 3 baths ∙ 3,589 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,589 Sqft ∙ Built 1990
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.83
    •  
  • 5214 Tennington Park Dallas, TX 4
    • 5 beds 4 baths ∙ 3,749 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,749 Sqft ∙ Built 2000
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.07
    •  
  • 4920 Cape Coral Drive Dallas, TX 5
    • 4 beds 4 baths ∙ 3,975 Sqft ∙ Built 1990 4 beds 4 baths ∙ 3,975 Sqft ∙ Built 1990
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Mark Robertson
Better Homes & Gardens, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469965
Last Updated: 11/12/2020
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