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6034 Fox Point Trail Dallas, TX 75249

3 Beds 2 Baths 1,496 sqft Built 1999

$225,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $150.40
  • 2 Days on Market
  • MLS # : 14500826
  • Updated Date : 01/16/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,496 sqft
  • Baths : 2 full
Listing Agent

Listing Spark

Listing Agent's Description

Beautiful home available in South Grand Prairie and Joe Pool Lake area. It has a great layout, with vaulted ceilings. The home has been completely redone, with fresh paint both inside and outside. All new lights and bathroom fixtures. Newer roof, AC, and water heater. Granite countertops in both bathrooms and kitchen. New carpet in all bedrooms and wood laminate in living, dining room, and hallways. You will enjoy the great view of the city from your covered back porch. The home is close to Joe Pool lake and with great parks and trails nearby. It is ready to be moved in.

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: Fox Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Fox Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Hyman Elementary School Primary Regular 560 36 4
Daniel Intermediate School Middle Regular 658 39 3
Duncanville High School High Regular 3,923 238 3

Hyman Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 36
4
GreatSchools Rating

Daniel Intermediate School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 39
3
GreatSchools Rating

Duncanville High School

  • Education Level: High
  • # of students: 3,923
  • # of teachers: 238
3
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$782
Property Tax -$533
Property Insurance -$114
HOA -$33
Property Management Fees -$99
CASH FLOW
-$131

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$225,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$1,898

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,436

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,4503$1,4754$1,4955$1,800
$1,800
RENT COMPS ANALYSIS
  • 6034 Fox Point Trail Dallas, TX 1
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.96
    •  
  • 9503 Cutleaf Court Dallas, TX 2
    • 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1980
    LEASED 12/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.99
    •  
  • 1806 Straus Road Cedar Hill, TX 3
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1997
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.95
    •  
  • 5908 Firethorn Drive Dallas, TX 4
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1988
    LEASED 07/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.90
    •  
  • 8762 Timber Falls Drive Dallas, TX 5
    • 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,803 Sqft ∙ Built 2010
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.00
    •  
PROPERTY LISTING DETAILS
Aaron Jistel
Listing Spark
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500826
Last Updated: 01/16/2021
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