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5225 Tennington Park Dallas, TX 75287

5 Beds 5 Baths 4,424 sqft Built 1999

$750,000

List Price

$4,030

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $169.53
  • 4 Days on Market
  • MLS # : 14432161
  • Updated Date : 11/19/2020 at 07:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,424 sqft
  • Baths : 4 full , 1 half
Listing Agent

Ebby Halliday, Realtors Plano

Listing Agent's Description

Custom Address Featuring An Open, Versatile FP With Exciting Amenities. Located In Within Oak Tree, A Prestigious Residential Community With A Park-Like Setting And 24 Hour Guarded Gate. 5 Bdrm, 4.1 Bath Home, Study And 3 LA's. 2-Story Entry, Iron Balusters At SC And Suspended Walkway, Gorgeous HDWD, Spacious FLA And FDA, Designer Chandeliers, Butler’s Pantry, Coffered Ceiling in FR With FP, Slate Hearth, Kit With Gas CT, Granite CT, BB, Dble Ovens. Split Mstr With SA, HDWDs, A Master Bath With Sep. Vanities, Separate Bathtub & Glass Shower, Plus Large WIC. Upstairs You Will Welcome 4 2ndry BDRM', Study, 3 Full Baths, Custom Bookcase, And Exciting GR With Custom Built-ins, & Wired For Sound, And Fun!

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: Oak Tree

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $102k790k

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

Neighborhood: Oak Tree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001500200025003000350040004500Rent in $9474643

* 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
Haggar Elementary School Primary Regular 614 43 6
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Haggar Elementary School

  • Education Level: Primary
  • # of students: 614
  • # of teachers: 43
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
 

$675,000$825,000$750,000

PURCHASE PRICE

$3,627$4,433$4,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,030
EXPENSES Loan Payment -$2,767
Property Tax -$1,481
Property Insurance -$283
HOA -$133
Property Management Fees -$99
CASH FLOW
-$734

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.

$750,000

PROJECTED PRICE

$4,030

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 6.6%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

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$204,500

INVESTMENT

$204,500

Down Payment
$187,500
Rehab Estimate
$5,750
Closing Costs
$11,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,500
Loan Amount $562,500
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,030

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $4,011

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$4,0003$4,0304$4,500
$4,500
RENT COMPS ANALYSIS
  • 5225 Tennington Park Dallas, TX 3
    • 5 beds 5 baths ∙ 4,424 Sqft ∙ Built 1999 5 beds 5 baths ∙ 4,424 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $4,030
    • $0.91
    •  
  • 7015 Winding Creek Road Dallas, TX 1
    • 5 beds 6 baths ∙ 4,079 Sqft ∙ Built 1986 5 beds 6 baths ∙ 4,079 Sqft ∙ Built 1986
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.86
    •  
  • 5419 Willow Wood Lane Dallas, TX 2
    • 5 beds 5 baths ∙ 4,738 Sqft ∙ Built 1990 5 beds 5 baths ∙ 4,738 Sqft ∙ Built 1990
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.84
    •  
  • 17916 Castle Bend Drive Dallas, TX 4
    • 4 beds 5 baths ∙ 4,407 Sqft ∙ Built 1992 4 beds 5 baths ∙ 4,407 Sqft ∙ Built 1992
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.02
    •  
PROPERTY LISTING DETAILS
Geri Cook-lenahan
Ebby Halliday, Realtors Plano
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14432161
Last Updated: 11/19/2020
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