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4479 Rushing Road Dallas, TX 75287

3 Beds 2 Baths 1,997 sqft Built 1984

$345,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $172.76
  • 4 Days on Market
  • MLS # : 14472664
  • Updated Date : 11/19/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,997 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Great curb appeal with lush landscaping in an established, quiet neighborhood is just the start for this wonderful home. Meticulously kept & move-in ready. Beautiful wood-like flooring in warm brown tones throughout most of the house, NO CARPET! 2nd living rm can easily be an office with built-in desk. Spacious, yet warm living rm has a brick fireplace, custom built-ins, high ceilings & a wall of dramatic stackd windows for lots of natural light. Ktchn has granite counters, white cabinets, tile backsplsh, & a bay window. 2 car attached garage plus a carport for additional covered parking. Updated, fully insulated impact-resistant steel shingles. Great location close to George Bush Turnpike & Dallas Nrth Tllway.

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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,273
Property Tax -$681
Property Insurance -$143
Property Management Fees -$99
CASH FLOW
-$76

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.

$345,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,606

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,147

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1203$2,2454$2,2955$2,295
$2,295
RENT COMPS ANALYSIS
  • 4479 Rushing Road Dallas, TX 2
    • 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.06
    •  
  • 4460 Rushing Road Dallas, TX 1
    • 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 1983
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 18910 Whitewater Lane Dallas, TX 3
    • 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1983
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $1.12
    •  
  • 18782 Vista Del Sol Dallas, TX 4
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1991
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.12
    •  
  • 4368 N Capistrano Drive Dallas, TX 5
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1990
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.12
    •  
PROPERTY LISTING DETAILS
Monica Mccormick
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472664
Last Updated: 11/19/2020
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