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5661 Hunters Bend Lane Dallas, TX 75249

3 Beds 2 Baths 1,483 sqft Built 2003

$289,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $195.48
  • 4 Days on Market
  • MLS # : 14526608
  • Updated Date : 03/04/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,483 sqft
  • Baths : 2 full
Listing Agent

Vivo Realty

Listing Agent's Description

Pride of Ownership! This home is meticulously maintained. The house has been completely updated throughout. The Master Bedroom has it's private entrance to the landscaped backyard and Hot Tub. The Hot Tub is covered by a 12 x 12 Gazebo so one can enjoy. The 20 x 12 covered patio allows friends and family to be entertained and outdoor grilling in the shade. This home features surround sound in the living area, master bedroom and is also pre wired for outdoor speakers. This home is a must see to appreciate all the upgrades and the attention to details.

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: Hunter's Bend

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Hunter's Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9091734

* 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
Kennemer Middle School Middle Regular 689 45 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

Kennemer Middle School

  • Education Level: Middle
  • # of students: 689
  • # of teachers: 45
3
GreatSchools Rating

Duncanville High School

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

$260,910$318,890$289,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,007
Property Tax -$687
Property Insurance -$113
HOA -$20
Property Management Fees -$99
CASH FLOW
-$476

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.

$289,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.1%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

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$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$7

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,457

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6503$1,6754$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 5661 Hunters Bend Lane Dallas, TX 1
    • 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,483 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 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
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 103 S Royal Oak Drive Duncanville, TX 3
    • 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1984
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.99
    •  
  • 4528 Fargo Drive Grand Prairie, TX 4
    • 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,717 Sqft ∙ Built 1990
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 8762 Timber Falls Drive Dallas, TX 5
    • 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2010
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
PROPERTY LISTING DETAILS
Alfonso Gonzalez
Vivo Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526608
Last Updated: 03/04/2021
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