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6067 Breakpoint Trail Dallas, TX 75252

4 Beds 3 Baths 2,278 sqft Built 1984

INVESTimate

$409,000

List Price

$2,300

$2,070 - $2,530

Rent Est.

$437,712  ( +7.02%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $179.54
  • 6 Days on Market
  • MLS # : 14416848
  • Updated Date : 08/21/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,278 sqft
  • Baths : 3 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Welcome to your new home in highly sought out Plano ISD. Quiet and private neighborhood; newly renovated kitchen and appliances. Four bedrooms, three bathrooms & 12 ft ceilings all over the house! Wood and ceramic flooring throughout; huge master bath and large closet, all in one story! Enjoy the cozy backyard with a large patio and 8' privacy fence. Less than a block from pool and tennis court for our family's enjoyment. Minutes away from Preston & 190, easy access to Addison, Plano, Richardson, Dallas and Frisco for great shopping and dining.

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
 

$368,100$449,900$409,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,509
Property Tax -$808
Property Insurance -$159
HOA -$25
Property Management Fees -$99
CASH FLOW
-$300

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.

$409,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.56%

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$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,892

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,420

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,190
1$2,1902$2,3003$2,4504$2,4955$2,500
$2,500
RENT COMPS ANALYSIS
  • 6067 Breakpoint Trail Dallas, TX 2
    • 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,278 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.01
    •  
  • 18415 Tettenhall Drive Dallas, TX 1
    • 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 1994
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.05
    •  
  • 6020 Bent Creek Trail Dallas, TX 3
    • 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1984
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.16
    •  
  • 6079 Willow Wood Lane Dallas, TX 4
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1992
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.01
    •  
  • 18871 Haddington Lane Dallas, TX 5
    • 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,428 Sqft ∙ Built 1997
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
PROPERTY LISTING DETAILS
Fernando Gutierrez
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416848
Last Updated: 08/21/2020
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