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5510 Paladium Drive Dallas, TX 75249

3 Beds 2 Baths 1,859 sqft Built 2013

$270,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $145.24
  • 2 Days on Market
  • MLS # : 14485621
  • Updated Date : 12/12/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,859 sqft
  • Baths : 2 full
Listing Agent

Halo Group Realty, Llc

Listing Agent's Description

This beautiful open floor plan home is conveniently located just off of Mountain Creek Parkway and Camp Wisdom which is minutes from I-20, Spur 408-, 360 and US 67! The location can't be beat and neither can the neighborhood. This three bedroom home has a split floorplan with the master on one side of the home and the secondary bedrooms on the other. At the front of the home you will find a flex space that can be used as a fourth bedroom, office or second living area. The kitchen has stainless steel appliances, beautiful granite, ceramic tile and an accent chalkboard wall. The home has been freshly painted, new carpet installed and comes with gorgeous wood laminate floors and a covered back porch. Welcome Home!

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

Neighborhood: Mountain Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Mountain Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9451964

* 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
Hyman Elementary School Primary Regular 560 36 4
Daniel Intermediate School Middle Regular 658 39 3
Duncanville High School High Regular 3,923 238 3

Hyman Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 36
4
GreatSchools Rating

Daniel Intermediate School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 39
3
GreatSchools Rating

Duncanville High School

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

$243,000$297,000$270,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$996
Property Tax -$640
Property Insurance -$135
HOA -$25
Property Management Fees -$99
CASH FLOW
-$215

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.

$270,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.6%
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$200k$400k$600k$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,524

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,715

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,6804$1,7955$1,950
$1,950
RENT COMPS ANALYSIS
  • 5510 Paladium Drive Dallas, TX 3
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.90
    •  
  • 6043 Harbor Glen Drive Dallas, TX 1
    • 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,861 Sqft ∙ Built 2006
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 5727 Hunters Bend Lane Dallas, TX 2
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 2003
    property image
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 6550 Lighthouse Way Dallas, TX 4
    • 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2007
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.94
    •  
  • 8032 Vista Hill Lane Dallas, TX 5
    • 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2015
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
PROPERTY LISTING DETAILS
Crystal Tollette
Halo Group Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485621
Last Updated: 12/12/2020
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