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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $231.05
- 3 Days on Market
- MLS # : 14523037
- Updated Date : 02/26/2021 at 17:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,506 sqft
- Baths : 2 full , 1 half
Listing Agent
Paragon Realtors
Listing Agent's Description
Fantastic 3 bedroom. 2.1 Baths, 2 Living + Study SFA on spectacular block walking distance to Lower Greenville restaurants, shops, Granada Theater and more! Minutes from Downtown, Uptown, Knox, Oaklawn, Katy Trail and Glencoe Park! Features include hand scraped hardwoods, SS appliances, designer fixtures throughout, wine fridge, gas log FP, wet bar with sink, recent complete interior repainted, hot water heater in 2020, 3 toilettes in 2020, and kitchen modifications to include sliders and new pull out drawers being installed in March! Incredible outdoor covered patio area perfect for gatherings! Oversized two car garage with storage! Best value for this size home in the neighborhood!
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: Glencoe Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Glencoe Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,270 |
| EXPENSES | Loan Payment | -$2,011 |
| Property Tax | -$1,373 | |
| Property Insurance | -$172 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$385
|
||
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.
$579,000
PROJECTED PRICE
$3,270
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 4.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$159,185
LOAN DETAILS
$2,011
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $144,750 |
| Loan Amount | $434,250 |
1.33
YEARS SAVED
$3,947
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,270
LIST RENT -
$1.3
LIST RENT PER SQFT
-
$3,533
COMP ESTIMATED VALUE -
$1.41
COMP AVG. RENT PER SQFT
Comps Range
-
5628 Matalee Avenue Dallas, TX 1
- 3 beds 3 baths ∙ 2,506 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,506 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $3,270
- $1.30
-
5613 Martel Avenue Dallas, TX 2
- 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,394 Sqft ∙ Built 2006
![property image]()
LEASED 01/06/20- Rent
- Rent Per SQFT
- $3,500
- $1.46
-
5628 Ellsworth Avenue Dallas, TX 3
- 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 2005
![property image]()
LEASED 05/05/20- Rent
- Rent Per SQFT
- $3,500
- $1.38
-
5557 Martel Avenue Dallas, TX 4
- 3 beds 3 baths ∙ 2,497 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,497 Sqft ∙ Built 2011
![property image]()
LEASED 10/03/19- Rent
- Rent Per SQFT
- $3,550
- $1.42
-
5630 Ellsworth Avenue Dallas, TX 5
- 3 beds 3 baths ∙ 2,610 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,610 Sqft ∙ Built 2005
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $3,600
- $1.38
PROPERTY LISTING DETAILS
Paragon Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14523037
Last Updated: 02/26/2021
