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4827 Stony Ford Drive Dallas, TX 75287

4 Beds 4 Baths 3,821 sqft Built 1990

$699,900

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $183.17
  • 6 Days on Market
  • MLS # : 14502606
  • Updated Date : 01/19/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,821 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

So much to love about this stylish home in Bent Tree North! Impressive foyer features a soaring ceiling and curved staircase. Large windows bring in natural light throughout. Handsome wood flooring throughout lower level! Gourmet kitchen opens to the den and offers granite countertops, an abundance of white cabinetry, island, upscale appliances and butler's pantry. The brightly lit den features a wall of functional built-ins and stylish fireplace. A luxurious master suite offers an elegant bath featuring a jetted tub, large vanity, large walk-in closet and cedar closet. Guest suite on lower level. Game room and two additional bedrooms up. Paradise backyard with large diving pool, spa, and covered patio!

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 North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $102k717k

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

Neighborhood: Bent Tree North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9474280

* 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
 

$629,910$769,890$699,900

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$2,431
Property Tax -$1,382
Property Insurance -$248
HOA -$34
Property Management Fees -$99
CASH FLOW
-$244

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.

$699,900

PROJECTED PRICE

$3,950

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,431

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$14,118

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,950

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $3,974

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,9503$4,0004$4,500
$4,500
RENT COMPS ANALYSIS
  • 4827 Stony Ford Drive Dallas, TX 2
    • 4 beds 4 baths ∙ 3,821 Sqft ∙ Built 1990 4 beds 4 baths ∙ 3,821 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.03
    •  
  • 5628 Willow Wood Lane Dallas, TX 1
    • 4 beds 4 baths ∙ 3,891 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,891 Sqft ∙ Built 1996
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.93
    •  
  • 5214 Tennington Park Dallas, TX 3
    • 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
    •  
  • 5136 Bellerive Drive Dallas, TX 4
    • 4 beds 3 baths ∙ 4,012 Sqft ∙ Built 1994 4 beds 3 baths ∙ 4,012 Sqft ∙ Built 1994
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.12
    •  
PROPERTY LISTING DETAILS
Cindy O'gorman
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502606
Last Updated: 01/19/2021
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