Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $228.74
- 3 Days on Market
- MLS # : 14522820
- Updated Date : 02/26/2021 at 15:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,011 sqft
- Baths : 3 full , 1 half
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Gorgeous, sleek & perfectly located right in the heart of Dallas this David Weekly home, sitting on a premium corner lot with a fabulous roof top deck that includes beautiful views of the Dallas skyline. This is a 3 bedroom 3.5 single family home that is absolutely flooded with natural light and has an airy, fresh style. The front yard is oversized, fenced & gated and the private backyard is turfed. Inside the upgraded finishes include large natural stone counter tops, clean lined & contemporary cabinets, stunning baths, the perfect open kitchen with stainless appliances and the whole home absolutely filled with natural light. Close to shops, restaurants, UT Southwestern and Parkland.
SEE MORE
- . 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: Medical District
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Medical District
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,670 |
| EXPENSES | Loan Payment | -$1,598 |
| Property Tax | -$1,091 | |
| Property Insurance | -$143 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$361
|
||
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.
$460,000
PROJECTED PRICE
$2,670
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$127,650
LOAN DETAILS
$1,598
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $115,000 |
| Loan Amount | $345,000 |
0.83
YEARS SAVED
$1,700
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,670
LIST RENT -
$1.33
LIST RENT PER SQFT
-
$3,132
COMP ESTIMATED VALUE -
$1.56
COMP AVG. RENT PER SQFT
Comps Range
-
5917 Morning Star Place Dallas, TX 1
- 3 beds 4 baths ∙ 2,011 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,011 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $2,670
- $1.33
-
5858 Orion Place Dallas, TX 2
- 3 beds 3 baths ∙ 2,103 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,103 Sqft ∙ Built 2017
![property image]()
LEASED 01/21/21- Rent
- Rent Per SQFT
- $2,800
- $1.33
-
5176 Brickellia Drive Dallas, TX 3
- 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,813 Sqft ∙ Built 2019
![property image]()
LEASED 03/10/20- Rent
- Rent Per SQFT
- $2,950
- $1.63
-
5327 Holland Avenue Dallas, TX 4
- 3 beds 4 baths ∙ 2,101 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,101 Sqft ∙ Built 2016
![property image]()
LEASED 09/18/20- Rent
- Rent Per SQFT
- $3,395
- $1.62
-
5211 Maple Springs Boulevard Dallas, TX 5
- 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 2001
![property image]()
LEASED 12/05/19- Rent
- Rent Per SQFT
- $3,400
- $1.65
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14522820
Last Updated: 02/26/2021
