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5719 Tremont Street Dallas, TX 75214

3 Beds 3 Baths 2,758 sqft Built 2007

$629,000

List Price

$3,550

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $228.06
  • 4 Days on Market
  • MLS # : 14463931
  • Updated Date : 11/07/2020 at 16:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,758 sqft
  • Baths : 2 full , 1 half
Listing Agent

Allie Beth Allman & Associates

Listing Agent's Description

Built in 2007 with design features in compliance with Landmark Historic District guidelines and approval. Craftsman design with beautiful mature trees in both front and back yard. Junius Heights Historical District. Built with energy efficiency in mind. 30 year 3 ply roof, radiant barrier, tankless water heater, double pane, low E, 13.5 SEER AC. Wonderful open floor plan with high ceilings, master downstairs, media up. All hardware is upper end with air jetted master tub and 2 or more person walk-in shower with 6 body sprays. Beautiful oak hardwoods in all living spaces. Granite counters in kitchen. Upstairs BR has a nook for an office. Back yard features a sitting area and lighting

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: Junius Heights

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $102k427k

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

Neighborhood: Junius Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9472170

* 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
William Lipscomb Elementary School Primary Regular 509 32 6
J.l. Long Middle School Middle Regular 1,299 83 5
Woodrow Wilson High School High Regular 1,697 100 5

William Lipscomb Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 32
6
GreatSchools Rating

J.l. Long Middle School

  • Education Level: Middle
  • # of students: 1,299
  • # of teachers: 83
5
GreatSchools Rating

Woodrow Wilson High School

  • Education Level: High
  • # of students: 1,697
  • # of teachers: 100
5
GreatSchools Rating
 

$566,100$691,900$629,000

PURCHASE PRICE

$3,195$3,905$3,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,550
EXPENSES Loan Payment -$2,321
Property Tax -$1,491
Property Insurance -$187
Property Management Fees -$99
CASH FLOW
-$548

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.

$629,000

PROJECTED PRICE

$3,550

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 11.9%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$172,435

INVESTMENT

$172,435

Down Payment
$157,250
Rehab Estimate
$5,750
Closing Costs
$9,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,321

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,250
Loan Amount $471,750
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,773

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,550

    LIST RENT
  • $1.29

    LIST RENT PER SQFT
  • $4,020

    COMP ESTIMATED VALUE
  • $1.46

    COMP AVG. RENT PER SQFT
Comps Range
$3,550
1$3,5502$3,6003$3,6004$4,1005$4,500
$4,500
RENT COMPS ANALYSIS
  • 5719 Tremont Street Dallas, TX 1
    • 3 beds 3 baths ∙ 2,758 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,758 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.29
    •  
  • 2204 Lola Court Dallas, TX 2
    • 3 beds 4 baths ∙ 2,561 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,561 Sqft ∙ Built 2015
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.41
    •  
  • 5956 Lewis Street Dallas, TX 3
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 2011
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.39
    •  
  • 5911 Hudson Street Dallas, TX 4
    • 3 beds 3 baths ∙ 2,635 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,635 Sqft ∙ Built 2006
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,100
    • $1.56
    •  
  • 5945 Oram Street Dallas, TX 5
    • 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,054 Sqft ∙ Built 2019
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.47
    •  
PROPERTY LISTING DETAILS
Marsue Williams
Allie Beth Allman & Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463931
Last Updated: 11/07/2020
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