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6015 Lytham Drive Dallas, TX 75252

3 Beds 3 Baths 2,290 sqft Built 1996

$365,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $159.39
  • 3 Days on Market
  • MLS # : 14507388
  • Updated Date : 01/29/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,290 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dave Perry Miller Real Estate

Listing Agent's Description

Beautifully updated home with soaring 10' and 12' ceilings downstairs featuring hardwoods throughout except in master bedroom and a welcoming open floorplan. Oversized Master suite downstairs with spacious 9'x9' walk in closet and separate tub and shower. Upstairs has a beautifully remodeled Jack and Jill shared bath with great updates and separate tub with oversized shower. Located in the welcoming Roehampton Court neighborhood this home is close to so many of North Dallas's best shopping, dining, and sports amenities. Award winning Plano ISD, Haggar Elementary, Plano West High School.

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
 

$328,500$401,500$365,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,268
Property Tax -$721
Property Insurance -$160
HOA -$96
Property Management Fees -$99
CASH FLOW
-$13

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.

$365,000

PROJECTED PRICE

$2,330

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$14,510

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,353

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2753$2,3304$2,4955$2,600
$2,600
RENT COMPS ANALYSIS
  • 6015 Lytham Drive Dallas, TX 3
    • 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,290 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $1.02
    •  
  • 6111 Jereme Trail Dallas, TX 1
    • 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,245 Sqft ∙ Built 1991
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 6020 Thursby Avenue Dallas, TX 2
    • 3 beds 3 baths ∙ 2,357 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,357 Sqft ∙ Built 1994
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.97
    •  
  • 18504 Shelton Way Dallas, TX 4
    • 3 beds 3 baths ∙ 2,284 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,284 Sqft ∙ Built 1992
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.09
    •  
  • 18416 Woodpond Place Dallas, TX 5
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1990
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.11
    •  
PROPERTY LISTING DETAILS
Rob Elmore
Dave Perry Miller Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507388
Last Updated: 01/29/2021
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