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4115 Kentshire Lane Dallas, TX 75287

3 Beds 2 Baths 2,147 sqft Built 1984

$449,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $209.13
  • 4 Days on Market
  • MLS # : 14529658
  • Updated Date : 03/13/2021 at 14:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,147 sqft
  • Baths : 2 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Immaculate home! The yard is truly an oasis with pebble-tech pool & Spa. Bamboo wood flooring thru out & carpet in 2 bdrm. What's not to love about this One of A kind Farmhouse Kitchen. Kitchen has an adjoining dining room, breakfast nook and island. Large drawers for pots and bowls. Island has storage, pantry has roll-out trays, pullout db waste ben, corner lazy-susan, pull out spice racks, and wall appliance garage to hide appliance, Samsung dual oven, warmer on bottom. Kraft Maid cabinets are all maple inside and out. 2 FP's, 3 Living areas, gorgeous landscaping, 8' fence with concrete retaining wall. Updated bathrooms, master bath has heated floors, spa shower & tub. Seller is a licensed real estate agent.

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: 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
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
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,560
Property Tax -$887
Property Insurance -$151
HOA -$6
Property Management Fees -$99
CASH FLOW
-$493

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.

$449,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.49%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$360

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,238

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2003$2,2104$2,3955$2,500
$2,500
RENT COMPS ANALYSIS
  • 4115 Kentshire Lane Dallas, TX 3
    • 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,147 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $1.03
    •  
  • 4115 Kirkmeadow Lane Dallas, TX 1
    • 3 beds 3 baths ∙ 2,042 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,042 Sqft ∙ Built 1992
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.03
    •  
  • 4035 Kirkmeadow Lane Dallas, TX 2
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1993
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
  • 4216 Briarbend Road Dallas, TX 4
    • 4 beds 2 baths ∙ 2,329 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,329 Sqft ∙ Built 1992
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.03
    •  
  • 4052 Kentshire Lane Dallas, TX 5
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1988
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.14
    •  
PROPERTY LISTING DETAILS
Tracy Peterson
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529658
Last Updated: 03/13/2021
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