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6016 Lloyd Court Dallas, TX 75252

3 Beds 3 Baths 1,517 sqft Built 1991

INVESTimate

$324,900

List Price

$1,770

$1,593 - $1,947

Rent Est.

$347,708  ( +7.02%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $214.17
  • 5 Days on Market
  • MLS # : 14413679
  • Updated Date : 08/22/2020 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,517 sqft
  • Baths : 2 full , 1 half
Listing Agent

Direct Realty

Listing Agent's Description

Location, location, location!!! Highly desirable (West) Plano ISD. New property updates include paint, Pergo wood-look flooring, stainless steel appliances, granite countertops in kitchen and baths, new fixtures and hardware and more! New roof to be installed soon! Large downstairs master and two bedrooms up. Wonderful cul-de-sac property with open floorplan. Terrific backyard courtyard. Super close to George Bush Turnpike, Dallas North Tollway, LBJ Freeway and Preston Road. Rare find in the heart of North Dallas! Call Agent for more info.

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
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,199
Property Tax -$642
Property Insurance -$115
Property Management Fees -$99
CASH FLOW
-$284

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.

$324,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.02%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,980

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,767

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,8503$2,0504$2,1005$2,190
$2,190
RENT COMPS ANALYSIS
  • 6016 Lloyd Court Dallas, TX 1
    • 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,517 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.17
    •  
  • 1409 Exeter Drive Plano, TX 2
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1988
    property image
    LEASED 02/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.08
    •  
  • 18719 Riverstone Court Dallas, TX 3
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1994
    property image
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.13
    •  
  • 5819 Willow Wood Lane Dallas, TX 4
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1992
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.15
    •  
  • 5931 Smoke Glass Dallas, TX 5
    • 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1982
    property image
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.30
    •  
PROPERTY LISTING DETAILS
Laura-anne Roddy
Direct Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14413679
Last Updated: 08/22/2020
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