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530 Rawls Circle Irving, TX 75061

3 Beds 2 Baths 1,272 sqft Built 1983

$209,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $164.31
  • 3 Days on Market
  • MLS # : 14458488
  • Updated Date : 11/13/2020 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,272 sqft
  • Baths : 2 full
Listing Agent

Bancroft Realty, Llc

Listing Agent's Description

Beautiful move in ready home. 3 bedroom, 2 bath, 2 car garage. Centrally located & minutes away from downtown. This home has had many updates. Neutral paint throughout home, new tile & new carpet flooring, light fixtures, new granite in kitchen & quartz counter tops in bathrooms. Master bedroom on 1st floor. Secondary bedrooms & full bathroom upstairs. All three bedrooms feature walk in closets. Lots of cabinet space in the kitchen. Low maintenance yard.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 75061

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 75061

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Keyes Elementary School Primary Regular 790 56 4
Austin Middle School Middle Regular 994 77 5
Irving High School High Regular 2,429 164 4

Keyes Elementary School

  • Education Level: Primary
  • # of students: 790
  • # of teachers: 56
4
GreatSchools Rating

Austin Middle School

  • Education Level: Middle
  • # of students: 994
  • # of teachers: 77
5
GreatSchools Rating

Irving High School

  • Education Level: High
  • # of students: 2,429
  • # of teachers: 164
4
GreatSchools Rating
 

$188,100$229,900$209,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$771
Property Tax -$462
Property Insurance -$101
Property Management Fees -$99
CASH FLOW
$7

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.

$209,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.1%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,135

INVESTMENT

$61,135

Down Payment
$52,250
Rehab Estimate
$5,750
Closing Costs
$3,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,250
Loan Amount $156,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$11,366

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,447

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,6003$1,6504$1,6755$1,749
$1,749
RENT COMPS ANALYSIS
  • 530 Rawls Circle Irving, TX 1
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.13
    •  
  • 104 Tarango Lane Irving, TX 2
    • 4 beds 2 baths ∙ 1,407 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,407 Sqft ∙ Built 1998
    LEASED 07/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.14
    •  
  • 215 S Irving Heights Drive Irving, TX 3
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1990
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.12
    •  
  • 1414 Scott Court Irving, TX 4
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1983
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.10
    •  
  • 2131 Onetta Drive Irving, TX 5
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1964
    LEASED 08/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $1.19
    •  
PROPERTY LISTING DETAILS
Berenize Gusman
Bancroft Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14458488
Last Updated: 11/13/2020
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