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628 Daisy Drive Desoto, TX 75115

4 Beds 4 Baths 4,100 sqft Built 2005

$340,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $82.93
  • 1 Days on Market
  • MLS # : 14497219
  • Updated Date : 01/09/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,100 sqft
  • Baths : 3 full , 1 half
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Desoto two-story cul-de-sac home offers granite countertops, a fireplace, and a two-car garage. This home is vacant and cleaned regularly.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Candle Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260kPrice in $122k277k

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

Neighborhood: Candle Meadow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10602430

* 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
Cockrell Hill Elementary School Primary Regular 565 37 5
Desoto West Middle School Middle Regular 709 49 3

Cockrell Hill Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 37
5
GreatSchools Rating

Desoto West Middle School

  • Education Level: Middle
  • # of students: 709
  • # of teachers: 49
3
GreatSchools Rating
 

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

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,181
Property Tax -$813
Property Insurance -$264
HOA -$83
Property Management Fees -$99
CASH FLOW
$90

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

$2,530

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.9%
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$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 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$18,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $2,638

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5303$2,5904$2,650
$2,650
RENT COMPS ANALYSIS
  • 628 Daisy Drive Desoto, TX 2
    • 4 beds 4 baths ∙ 4,100 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,100 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.62
    •  
  • 1220 Clover Hill Lane Desoto, TX 1
    • 5 beds 4 baths ∙ 3,855 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,855 Sqft ∙ Built 2006
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.65
    •  
  • 601 Daisy Drive Desoto, TX 3
    • 4 beds 4 baths ∙ 4,023 Sqft ∙ Built 2002 4 beds 4 baths ∙ 4,023 Sqft ∙ Built 2002
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.64
    •  
  • 317 Royal Crest Drive Desoto, TX 4
    • 5 beds 4 baths ∙ 4,128 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,128 Sqft ∙ Built 2003
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.64
    •  
PROPERTY LISTING DETAILS
Feras Rachid
Opendoor Brokerage, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497219
Last Updated: 01/09/2021
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