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4910 Urban Avenue Dallas, TX 75227

4 Beds 3 Baths 1,841 sqft Built 1999

$289,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $156.98
  • 3 Days on Market
  • MLS # : 14502194
  • Updated Date : 02/05/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,841 sqft
  • Baths : 2 full , 1 half
Listing Agent

1st Brokerage

Listing Agent's Description

Beautiful spacious home, master Bedroom has beautiful view to downtown Dallas, huge walk in closet, Fireplace in living area. Kitchen nicely updated, Garage has epoxy flooring and updated lighting for a showroom look, can make a nice workout room. Huge backyard. Home has easy access to I-30, 635 and Downtown Dallas.

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: Everglade Park

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $80k243k

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

Neighborhood: Everglade Park

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7861734

* 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
Frank Guzick Elementary School Primary Regular 749 42 4
Harold Wendell Lang Sr. Middle School Middle Regular 1,016 68 3
Skyline High School High Magnet 4,790 283 3

Frank Guzick Elementary School

  • Education Level: Primary
  • # of students: 749
  • # of teachers: 42
4
GreatSchools Rating

Harold Wendell Lang Sr. Middle School

  • Education Level: Middle
  • # of students: 1,016
  • # of teachers: 68
3
GreatSchools Rating

Skyline High School

  • Education Level: High
  • # of students: 4,790
  • # of teachers: 283
3
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,004
Property Tax -$685
Property Insurance -$134
Property Management Fees -$99
CASH FLOW
-$222

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.

$289,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.8%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,212

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,680

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,7004$1,7505$1,880
$1,880
RENT COMPS ANALYSIS
  • 4910 Urban Avenue Dallas, TX 3
    • 4 beds 3 baths ∙ 1,841 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,841 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 4726 Mendosa Lane Dallas, TX 1
    • 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,739 Sqft ∙ Built 1983
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 5016 Urban Avenue Dallas, TX 2
    • 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,905 Sqft ∙ Built 2000
    property image
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 5726 Emrose Terrace Dallas, TX 4
    • 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 1986
    property image
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 6424 Everglade Road Dallas, TX 5
    • 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,968 Sqft ∙ Built 1999
    property image
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.96
    •  
PROPERTY LISTING DETAILS
Dominga Mora
1st Brokerage
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14502194
Last Updated: 02/05/2021
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