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4811 Nome Street Dallas, TX 75216

4 Beds 2 Baths 1,619 sqft Built 2019

$215,000

List Price

$1,190

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $132.80
  • 7 Days on Market
  • MLS # : 14514879
  • Updated Date : 02/12/2021 at 18:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,619 sqft
  • Baths : 2 full
Listing Agent

Ultima Real Estate

Listing Agent's Description

Wonderful 4 bedroom, 2 bath in established neighborhood. Inviting living room with beautiful laminate wood flooring. Eat-in kitchen with plenty of cabinetry, gorgeous granite counters, breakfast bar. Rain Soft water filtration system! Primary bedroom with ensuite bath and 3 other bedrooms and a stylish hall bath. Covered patio and a great backyard for entertaining! Walking distance to a pretty park! It is not a through street, so there is very minimal traffic. Close to major highways and easy commute to downtown. No Sunday Showings. Don't let this one get away!

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: Oak Cliff

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k243k

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

Neighborhood: Oak Cliff

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8561734

* 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
W.w. Bushman Elementary School Primary Regular 477 31 5
Sarah Zumwalt Middle School Middle Regular 435 37 3
South Oak Cliff High School High Regular 1,319 86 2

W.w. Bushman Elementary School

  • Education Level: Primary
  • # of students: 477
  • # of teachers: 31
5
GreatSchools Rating

Sarah Zumwalt Middle School

  • Education Level: Middle
  • # of students: 435
  • # of teachers: 37
3
GreatSchools Rating

South Oak Cliff High School

  • Education Level: High
  • # of students: 1,319
  • # of teachers: 86
2
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,071$1,309$1,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,190
EXPENSES Loan Payment -$747
Property Tax -$510
Property Insurance -$121
Property Management Fees -$99
CASH FLOW
-$286

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.

$215,000

PROJECTED PRICE

$1,190

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.3%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$7.0k-$6.0k-$5.0k-$4.0k-$3.0k-$2.0k-$1.0k$0.0$1.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$16

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,190

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,473

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,190
1$1,1902$1,4503$1,4904$1,490
$1,490
RENT COMPS ANALYSIS
  • 4811 Nome Street Dallas, TX 1
    • 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,619 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,190
    • $0.74
    •  
  • 6325 Benavides Drive Dallas, TX 2
    • 3 beds 3 baths ∙ 1,533 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,533 Sqft ∙ Built 2006
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 4744 Nome Street Dallas, TX 3
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 2019
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.90
    •  
  • 4721 Burma Road Dallas, TX 4
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2019
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.88
    •  
PROPERTY LISTING DETAILS
Katrina Whatley
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514879
Last Updated: 02/12/2021
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