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5819 London Lane Dallas, TX 75252

4 Beds 3 Baths 3,142 sqft Built 1983

$650,000

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $206.87
  • 8 Days on Market
  • MLS # : 14475818
  • Updated Date : 12/30/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,142 sqft
  • Baths : 3 full
Listing Agent

Three65 Realty

Listing Agent's Description

Gorgeous, bright and spacious (3,104 sq ft) single story home in Briar Ridge Estates. 4 bedrooms,3 full baths. Fourth bedroom private from others; can be a great HOME OFFICE or separate suite. Master bedroom private with fireplace; large bath, jacuzzi tub and 2 master closets. Living room looks onto a garden oasis with pool, rock waterfall and spa. Kitchen opens to family room and to patio pool area with access to large dining room. Marble floors and plantation shutters. Lush landscaping with front circular drive and mature trees. Triple car garage with alley entry. Home is in city of Dallas, Collin County and Plano ISD. Great accessibility from PGBT (190), Dallas North Tollway and Preston Road.

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: 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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,398
Property Tax -$1,284
Property Insurance -$209
Property Management Fees -$99
CASH FLOW
-$920

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.

$650,000

PROJECTED PRICE

$3,070

PROJECTED RENT

0.47%

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

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$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$62

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $3,126

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$3,0703$3,0954$3,1005$3,500
$3,500
RENT COMPS ANALYSIS
  • 5819 London Lane Dallas, TX 2
    • 4 beds 3 baths ∙ 3,142 Sqft ∙ Built 1983 4 beds 3 baths ∙ 3,142 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $0.98
    •  
  • 6028 Fieldstone Drive Dallas, TX 1
    • 4 beds 3 baths ∙ 3,184 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,184 Sqft ∙ Built 1993
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.88
    •  
  • 5707 Willow Wood Lane Dallas, TX 3
    • 4 beds 5 baths ∙ 2,997 Sqft ∙ Built 1992 4 beds 5 baths ∙ 2,997 Sqft ∙ Built 1992
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.03
    •  
  • 18868 Haddington Lane Dallas, TX 4
    • 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
    •  
  • 5830 Windmier Lane Dallas, TX 5
    • 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
Linda Hill
Three65 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475818
Last Updated: 12/30/2020
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