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

4950 Toro Bravo Drive Dallas, TX 75236

3 Beds 2 Baths 1,608 sqft Built 2003

$249,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $155.41
  • 6 Days on Market
  • MLS # : 14517976
  • Updated Date : 03/23/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,608 sqft
  • Baths : 2 full
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

Ready for new owner with fresh paint inside and out in this original Model home...Home larger than tax rolls reflect ...flooring, appliances, lighting and hardware, and front door replaced March 2021...two living areas...formal dining area...Master bedroom with separate bath and walk-in closet...Open floor plan for large family and entertaining...patio and privacy fence... trees and landscaping for summer enjoyment in privacy of your own backyard...

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: Casas del Sol

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $86k243k

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

Neighborhood: Casas del Sol

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8711734

* 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
Bilhartz Elementary School Primary Regular 679 41 4
Kennemer Middle School Middle Regular 689 45 3
Duncanville High School High Regular 3,923 238 3

Bilhartz Elementary School

  • Education Level: Primary
  • # of students: 679
  • # of teachers: 41
4
GreatSchools Rating

Kennemer Middle School

  • Education Level: Middle
  • # of students: 689
  • # of teachers: 45
3
GreatSchools Rating

Duncanville High School

  • Education Level: High
  • # of students: 3,923
  • # of teachers: 238
3
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$868
Property Tax -$593
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
-$230

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.

$249,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.6%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,516

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,5504$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 4950 Toro Bravo Drive Dallas, TX 2
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 4811 Pachuca Court Dallas, TX 1
    • 4 beds 2 baths ∙ 1,467 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,467 Sqft ∙ Built 2012
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.95
    •  
  • 4857 Nuevo Laredo Dallas, TX 3
    • 4 beds 2 baths ∙ 1,707 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,707 Sqft ∙ Built 2015
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 4806 Jesus Maria Court Dallas, TX 4
    • 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 2011 4 beds 2 baths ∙ 1,638 Sqft ∙ Built 2011
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 4818 Nuevo Laredo Court Dallas, TX 5
    • 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,690 Sqft ∙ Built 2014
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
PROPERTY LISTING DETAILS
Carrol Smith
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517976
Last Updated: 03/23/2021
BESbswy