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6008 Thursby Avenue Dallas, TX 75252

3 Beds 3 Baths 2,153 sqft Built 1994

$340,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $157.92
  • 2 Days on Market
  • MLS # : 14484144
  • Updated Date : 12/12/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,153 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Urban Dallas

Listing Agent's Description

Charming traditional style home, nestled in the very desirable neighborhood of Roehampton Court. This home features vaulted ceilings that allow enough wall space to hang all of your luxurious art work. With beautiful large windows, equipped with plantation shutters throughout the living and dining areas, the home is well lit with natural light. Beautiful hardwoods in the living area and master bedroom. The large master suite is located downstairs with jetted tub, dual vanities, seperate standing shower, and a large walk in closet to top it all off. The neighborhood HOA maintains the front yard and the community pool! Come out and take a look. This one is sure to go fast!

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: Roehampton Court

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $102k335k

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

Neighborhood: Roehampton Court

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9472331

* 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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,254
Property Tax -$672
Property Insurance -$152
HOA -$94
Property Management Fees -$99
CASH FLOW
-$101

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.

$340,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$10,579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,191

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,1704$2,1905$2,425
$2,425
RENT COMPS ANALYSIS
  • 6008 Thursby Avenue Dallas, TX 3
    • 3 beds 3 baths ∙ 2,153 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,153 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.01
    •  
  • 6146 Jereme Trail Dallas, TX 1
    • 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,002 Sqft ∙ Built 1989
    property image
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.05
    •  
  • 6111 Jereme Trail Dallas, TX 2
    • 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1991
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 18415 Tettenhall Drive Dallas, TX 4
    • 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 1994
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.05
    •  
  • 18516 Shelton Way Dallas, TX 5
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1992
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $1.03
    •  
PROPERTY LISTING DETAILS
Lee Formaggini
Keller Williams Urban Dallas
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484144
Last Updated: 12/12/2020
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