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5838 Sand Shell Court Dallas, TX 75252

5 Beds 5 Baths 3,829 sqft Built 1986

$625,000

List Price

$3,340

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $163.23
  • 3 Days on Market
  • MLS # : 14461188
  • Updated Date : 11/13/2020 at 12:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,829 sqft
  • Baths : 4 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Beautiful updated home located on a cul-de-sac lot in highly sought after area. Open, light and bright with flowing floorplan. Gourmet kitchen with an abundance of counter space and cabinets, gas cooktop, island & eat in area. Huge living area with a wall of windows to bring in natural light. Loads of built ins and fireplace in cozy den. Primary bedroom with luxurious bath & huge walk in closet. Bonus room with private half bath located off primary can be used as home office, exercise room, music or a nursery. Two additional bedrooms downstairs each having their own full bath. Upstairs you will find 2 huge bedrooms with bath and cedar closet. Large oversized lot with an additional RV or boat storage. Plano ISD!

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: 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
 

$562,500$687,500$625,000

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$2,306
Property Tax -$1,234
Property Insurance -$248
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.

$625,000

PROJECTED PRICE

$3,340

PROJECTED RENT

0.53%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$3,210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $3,612

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,3403$3,6004$4,000
$4,000
RENT COMPS ANALYSIS
  • 5838 Sand Shell Court Dallas, TX 2
    • 5 beds 5 baths ∙ 3,829 Sqft ∙ Built 1986 5 beds 5 baths ∙ 3,829 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $0.87
    •  
  • 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
    •  
  • 5628 Willow Wood Lane Dallas, TX 3
    • 4 beds 4 baths ∙ 3,891 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,891 Sqft ∙ Built 1996
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.93
    •  
  • 5214 Tennington Park Dallas, TX 4
    • 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
    •  
PROPERTY LISTING DETAILS
Jana Moore
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461188
Last Updated: 11/13/2020
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