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6008 Fieldstone Drive Dallas, TX 75252

5 Beds 4 Baths 3,434 sqft Built 1997

$515,000

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $149.97
  • 3 Days on Market
  • MLS # : 14511134
  • Updated Date : 02/05/2021 at 10:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,434 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Town & Country

Listing Agent's Description

A home to cherish for a lifetime! You can work from home in this impressive home office. After work step out onto the large deck in your nice size backyard. Participate in a game of tennis or shoot hoops in the park across from your back alley. Afterwards prepare dinner in a true chef's kitchen. The 5th bedroom is large enough to use as a media room. Be sure to see the massive closet with storage for crafts, decorations or business products. Lots of built-ins & an electric car charger are just a few of the special features. Guest parking off the street in the circular drive is a big plus. Primrose School for 6wks -K and after school care through elementary is only 2 blocks away. Highly rated Plano ISD.

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: 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
 

$463,500$566,500$515,000

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$1,789
Property Tax -$1,017
Property Insurance -$226
HOA -$38
Property Management Fees -$99
CASH FLOW
-$88

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.

$515,000

PROJECTED PRICE

$3,080

PROJECTED RENT

0.60%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$16,562

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,279

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,0803$3,0954$3,1005$3,500
$3,500
RENT COMPS ANALYSIS
  • 6008 Fieldstone Drive Dallas, TX 2
    • 5 beds 4 baths ∙ 3,434 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,434 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $0.90
    •  
  • 18731 Mapletree Lane Dallas, TX 1
    • 4 beds 4 baths ∙ 3,621 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,621 Sqft ∙ Built 1994
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
  • 17906 Old Preston Court Dallas, TX 3
    • 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,372 Sqft ∙ Built 1999
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $0.92
    •  
  • 18868 Haddington Lane Dallas, TX 4
    • 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,099 Sqft ∙ Built 1996
    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
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.07
    •  
PROPERTY LISTING DETAILS
Pat Morgan
Re/max Town & Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511134
Last Updated: 02/05/2021
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