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5354 Gatesworth 
Dallas, TX
75287
3 Beds 2 Baths 2,113 sqft
Built 1997
INVESTimate
$408,000
List Price
$113,870
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PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $193.09
- 2 Days on Market
- MLS # : 14419286
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,113 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
ESTATE PROPERTY FOR SALE IN OAK TREE. Nice drive-up appeal on lovely custom one-story home in 24 hour guard gated, mature treed neighborhood close to major thruways, schools, shops, restaurants, entertainment and medical facilities. Single story home with Austin Stone, wood flooring, plantation shutters, huge master suite. Large flagstone patio with Pergola and three fans for entertaining and BBQ. Crown moldings. Breakfast Bar. Split bedrooms. Light, bright and airy. NO SELLERS DISCLOSURE - Estate property exemption. Survey on line. For further details, please call agent.
SEE MORE
- . 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
Neighborhood: Far North Dallas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Far North Dallas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,505 |
| Property Tax | -$806 | |
| Property Insurance | -$149 | |
| HOA | -$400 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$799
|
||
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.
$408,000
PROJECTED PRICE
$2,160
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.02% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$113,870
LOAN DETAILS
$1,505
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,000 |
| Loan Amount | $306,000 |
-0.17
YEARS SAVED
-$42
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$2,330
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
5354 Gatesworth Dallas, TX 2
- 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,113 Sqft ∙ Built 1997
![property image]()
- Rent
- Rent Per SQFT
- $2,160
- $1.02
-
6023 Breakpoint Trail Dallas, TX 1
- 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,991 Sqft ∙ Built 1985
![property image]()
LEASED 09/12/19- Rent
- Rent Per SQFT
- $1,950
- $0.98
-
18782 Vista Del Sol Dallas, TX 3
- 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 1991
![property image]()
LEASED 01/08/20- Rent
- Rent Per SQFT
- $2,295
- $1.12
-
18647 Gibbons Drive Dallas, TX 4
- 3 beds 3 baths ∙ 2,078 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,078 Sqft ∙ Built 1998
![property image]()
LEASED 11/30/19- Rent
- Rent Per SQFT
- $2,300
- $1.11
-
18672 Gibbons Drive Dallas, TX 5
- 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1998
![property image]()
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,300
- $1.20
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419286
Last Updated: 08/25/2020
