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4952 Hollow Ridge Road Dallas, TX 75227

4 Beds 2 Baths 1,909 sqft Built 1985

$285,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $149.29
  • 2 Days on Market
  • MLS # : 14514480
  • Updated Date : 02/06/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,909 sqft
  • Baths : 2 full
Listing Agent

Alicia Trevino International

Listing Agent's Description

Spectacular large 4 bedroom 2 bath home with an Oasis back yard. This home is move in ready with many recent updates. In the last few years The windows, HVAC, Water heater, roof and flooring has been updated. Large open living room perfect for a family and entertaining. The back yard is where the family is going to want to be at with a beautiful deck, swinging pool, covered patio and a rare view, that will make you feel like you are in the forest,

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
Edna Rowe Elementary School Primary Regular 512 33 3
Harold Wendell Lang Sr. Middle School Middle Regular 1,016 68 3
Skyline High School High Magnet 4,790 283 3

Edna Rowe Elementary School

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 33
3
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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$990
Property Tax -$676
Property Insurance -$138
Property Management Fees -$99
CASH FLOW
-$192

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.

$285,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.60%

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,790

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,7503$1,8504$1,9505$2,100
$2,100
RENT COMPS ANALYSIS
  • 4952 Hollow Ridge Road Dallas, TX 1
    • 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,909 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.90
    •  
  • 5726 Emrose Terrace Dallas, TX 2
    • 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
    •  
  • 4834 Hazelhurst Lane Dallas, TX 3
    • 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,005 Sqft ∙ Built 1971
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.92
    •  
  • 5127 Elkridge Drive Dallas, TX 4
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1967
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.94
    •  
  • 5028 Hollow Ridge Road Dallas, TX 5
    • 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,050 Sqft ∙ Built 1985
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
PROPERTY LISTING DETAILS
Carlos Miramontes
Alicia Trevino International
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514480
Last Updated: 02/06/2021
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