Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4914 Reiger Avenue Dallas, TX 75214

3 Beds 3 Baths 2,606 sqft Built 2001

$689,000

List Price

$3,140

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $264.39
  • 4 Days on Market
  • MLS # : 14538322
  • Updated Date : 03/25/2021 at 19:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,606 sqft
  • Baths : 2 full , 1 half
Listing Agent

David Griffin & Company

Listing Agent's Description

The best of all worlds collide with this recently constructed craftsman style home in historic Swaneys Munger Place. Inviting front porch greets you & sets the stage for this beautiful home. Large foyer with formal dining room & private library study with french doors makes the perfect home office. Downstairs living room with gas fireplace, lighted custom built ins & views of the expansive backyard. Updated kitchen has granite countertops, gas cooktop & breakfast bar perfect for entertaining. Upstairs features a large master with en suite bathroom, 2 bedrooms & a 2nd living area. Gorgeous landscaped backyard with open patio & board on board fence. Automatic gate & 2 car garage. Minutes to Downtown Dallas.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Munger Place Historic District

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $102k583k

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

Neighborhood: Munger Place Historic District

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9473078

* 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
William Lipscomb Elementary School Primary Regular 509 32 6
J.l. Long Middle School Middle Regular 1,299 83 5
Woodrow Wilson High School High Regular 1,697 100 5

William Lipscomb Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 32
6
GreatSchools Rating

J.l. Long Middle School

  • Education Level: Middle
  • # of students: 1,299
  • # of teachers: 83
5
GreatSchools Rating

Woodrow Wilson High School

  • Education Level: High
  • # of students: 1,697
  • # of teachers: 100
5
GreatSchools Rating
 

$620,100$757,900$689,000

PURCHASE PRICE

$2,826$3,454$3,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,140
EXPENSES Loan Payment -$2,393
Property Tax -$1,634
Property Insurance -$178
Property Management Fees -$99
CASH FLOW
-$1,164

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.

$689,000

PROJECTED PRICE

$3,140

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.9%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,335

INVESTMENT

$188,335

Down Payment
$172,250
Rehab Estimate
$5,750
Closing Costs
$10,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,393

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$27

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,140

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $3,355

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$2,825
1$2,8252$3,0003$3,1404$3,2005$3,600
$3,600
RENT COMPS ANALYSIS
  • 4914 Reiger Avenue Dallas, TX 3
    • 3 beds 3 baths ∙ 2,606 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,606 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,140
    • $1.20
    •  
  • 5508 Junius Street Dallas, TX 1
    • 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,320 Sqft ∙ Built 2003
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,825
    • $1.22
    •  
  • 4632 Virginia Avenue Dallas, TX 2
    • 3 beds 4 baths ∙ 2,333 Sqft ∙ Built 2019 3 beds 4 baths ∙ 2,333 Sqft ∙ Built 2019
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.29
    •  
  • 5722 La Vista Drive Dallas, TX 4
    • 3 beds 4 baths ∙ 2,551 Sqft ∙ Built 1999 3 beds 4 baths ∙ 2,551 Sqft ∙ Built 1999
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.25
    •  
  • 5956 Lewis Street Dallas, TX 5
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2011
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.39
    •  
PROPERTY LISTING DETAILS
David Collier
David Griffin & Company
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14538322
Last Updated: 03/25/2021
BESbswy