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4159 High Star Lane Dallas, TX 75287

4 Beds 3 Baths 2,968 sqft Built 1981

$619,900

List Price

$3,120

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $208.86
  • 3 Days on Market
  • MLS # : 14472839
  • Updated Date : 11/22/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,968 sqft
  • Baths : 3 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Architectural Digest interior features you've dreamed of surrounded by serene outdoor living area on a .25 Acre Lot. Pool & Spa oasis viewed from inviting covered porch. Step through the iron front door to the Light & Open Living & Dining Areas. Luxe is the word for the dramatic interior finish out. Gather in the White Marble Kitchen, island, stylish glass backsplash & SS appliances including Gas Cook Top! Plantation Shutters, Marble FP, Hardwoods, details you'll enjoy for years to come. Retreat to the secluded master, travertine bath & walk in shower with body spray. Energy Efficient Windows, Hardi Board Siding,2 Furnace & AC Units replaced. Extra secured parking for RV or Boat features 14 X 8 Storage Shed.

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: 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
 

$557,910$681,890$619,900

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$2,287
Property Tax -$1,224
Property Insurance -$199
HOA -$15
Property Management Fees -$99
CASH FLOW
-$704

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.

$619,900

PROJECTED PRICE

$3,120

PROJECTED RENT

0.50%

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$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$170,024

INVESTMENT

$170,024

Down Payment
$154,975
Rehab Estimate
$5,750
Closing Costs
$9,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,287

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $154,975
Loan Amount $464,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$742

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,120

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $3,131

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,0003$3,1204$3,3505$3,495
$3,495
RENT COMPS ANALYSIS
  • 4159 High Star Lane Dallas, TX 3
    • 4 beds 3 baths ∙ 2,968 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,968 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $3,120
    • $1.05
    •  
  • 3831 Granbury Drive Dallas, TX 1
    • 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,790 Sqft ∙ Built 1995
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.07
    •  
  • 3828 Walden Way Dallas, TX 2
    • 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1993
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.97
    •  
  • 4406 Cobblers Lane Dallas, TX 4
    • 5 beds 4 baths ∙ 3,139 Sqft ∙ Built 1978 5 beds 4 baths ∙ 3,139 Sqft ∙ Built 1978
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $1.07
    •  
  • 4209 Brooktree Lane Dallas, TX 5
    • 4 beds 3 baths ∙ 3,160 Sqft ∙ Built 1978 4 beds 3 baths ∙ 3,160 Sqft ∙ Built 1978
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.11
    •  
PROPERTY LISTING DETAILS
Mary Ellen Peter
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472839
Last Updated: 11/22/2020
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