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5628 Willow Wood Lane Dallas, TX 75252

4 Beds 4 Baths 3,891 sqft Built 1996

$699,900

List Price

$4,030

$3.8K - $4.3K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $179.88
  • 6 Days on Market
  • MLS # : 14468403
  • Updated Date : 11/17/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,891 sqft
  • Baths : 3 full , 1 half
Listing Agent

Sunshine Realtors Llc

Listing Agent's Description

Nov 2020 remodel, move in ready. Mediterranean grand entrance oozes wow factor with 2 story foyer-living-dining. Floor to ceiling windows overlooks lagoon style pool resort that's ideal for indoor-outdoor entertainment. Family great room features open kitchen, bar, modern SS appliances. Luxury marble first floor has large master and guest suites. Dual fireplaces. Hand scraped hardwood 2nd floor features large game room and two more bedrooms including Juliette balcony. Ideal work from home office study and remote learning schooling setup. Low maintenance yards. West Plano schools. 20 min to downtown, DFW & Love Field, 10 min to Frisco.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Far North Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $102k403k

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

Neighborhood: Far North Dallas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9472548

* 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
Haggar Elementary School Primary Regular 614 43 6
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Haggar Elementary School

  • Education Level: Primary
  • # of students: 614
  • # of teachers: 43
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
 

$629,910$769,890$699,900

PURCHASE PRICE

$3,627$4,433$4,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,030
EXPENSES Loan Payment -$2,582
Property Tax -$1,382
Property Insurance -$252
Property Management Fees -$99
CASH FLOW
-$286

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.

$699,900

PROJECTED PRICE

$4,030

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$17,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,030

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $4,037

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$4,0003$4,0004$4,0305$4,500
$4,500
RENT COMPS ANALYSIS
  • 5628 Willow Wood Lane Dallas, TX 4
    • 4 beds 4 baths ∙ 3,891 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,891 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,030
    • $1.04
    •  
  • 18731 Mapletree Lane Dallas, TX 1
    • 4 beds 4 baths ∙ 3,621 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,621 Sqft ∙ Built 1994
    property image
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
  • 5004 Hudson Drive Plano, TX 2
    • 4 beds 4 baths ∙ 3,573 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,573 Sqft ∙ Built 1995
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.12
    •  
  • 5214 Tennington Park Dallas, TX 3
    • 5 beds 4 baths ∙ 3,749 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,749 Sqft ∙ Built 2000
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.07
    •  
  • 4920 Cape Coral Drive Dallas, TX 5
    • 4 beds 4 baths ∙ 3,975 Sqft ∙ Built 1990 4 beds 4 baths ∙ 3,975 Sqft ∙ Built 1990
    property image
    LEASED 06/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.13
    •  
PROPERTY LISTING DETAILS
Amit Sachdev
Sunshine Realtors Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14468403
Last Updated: 11/17/2020
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