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5512 Inverrary Court Dallas, TX 75287

3 Beds 3 Baths 3,062 sqft Built 1984

$659,000

List Price

$3,690

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $215.22
  • 3 Days on Market
  • MLS # : 14462173
  • Updated Date : 01/09/2021 at 19:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,062 sqft
  • Baths : 2 full , 1 half
Listing Agent

Allie Beth Allman & Assoc.

Listing Agent's Description

Gorgeous one story home in coveted Bent Tree! Beautifully landscaped with large oak trees and picturesque backyard with pool and spa. Perfect floor plan and flow with 3 living areas and abundant natural light. Great house for entertaining friends and family. Chef's kitchen with stainless steel appliances, double oven, gas range & wet bar. Spacious master retreat with pool views and sitting area. 3 fireplaces- master bdrm, kit, living rm. Many lovely features like hardwoods floors, shades and plantation shutters, Canterra iron doors, Pella Windows & Doors, Rinnai Tankless, ample storage, walk in closets & a 3 Car Garage. A beautiful house to call home. Great Schools Plano W HS. Don't miss out on this one!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Bent Tree North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $102k717k

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

Neighborhood: Bent Tree North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9474280

* 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
Mitchell Elementary School Primary Regular 698 55 6
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Mitchell Elementary School

  • Education Level: Primary
  • # of students: 698
  • # of teachers: 55
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
 

$593,100$724,900$659,000

PURCHASE PRICE

$3,321$4,059$3,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,690
EXPENSES Loan Payment -$2,289
Property Tax -$1,302
Property Insurance -$204
Property Management Fees -$99
CASH FLOW
-$204

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.

$659,000

PROJECTED PRICE

$3,690

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.9%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,385

INVESTMENT

$180,385

Down Payment
$164,750
Rehab Estimate
$5,750
Closing Costs
$9,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,289

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,750
Loan Amount $494,250
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$15,327

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,690

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $3,253

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,4953$3,5004$3,5005$3,690
$3,690
RENT COMPS ANALYSIS
  • 5512 Inverrary Court Dallas, TX 5
    • 3 beds 3 baths ∙ 3,062 Sqft ∙ Built 1984 3 beds 3 baths ∙ 3,062 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $1.21
    •  
  • 18868 Haddington Lane Dallas, TX 1
    • 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 1996
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.00
    •  
  • 4209 Brooktree Lane Dallas, TX 2
    • 4 beds 3 baths ∙ 3,160 Sqft ∙ Built 1978 4 beds 3 baths ∙ 3,160 Sqft ∙ Built 1978
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $1.11
    •  
  • 16838 Village Lane Dallas, TX 3
    • 3 beds 4 baths ∙ 3,285 Sqft ∙ Built 1978 3 beds 4 baths ∙ 3,285 Sqft ∙ Built 1978
    property image
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.07
    •  
  • 5830 Windmier Lane Dallas, TX 4
    • 4 beds 4 baths ∙ 3,283 Sqft ∙ Built 1983 4 beds 4 baths ∙ 3,283 Sqft ∙ Built 1983
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.07
    •  
PROPERTY LISTING DETAILS
Melissa Oates
Allie Beth Allman & Assoc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462173
Last Updated: 01/09/2021
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