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6327 Lake Bluff Drive Dallas, TX 75249

4 Beds 3 Baths 2,513 sqft Built 1991

$260,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $103.46
  • 2 Days on Market
  • MLS # : 14469307
  • Updated Date : 11/14/2020 at 17:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,513 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp And Associates Realtors

Listing Agent's Description

SUNSET VIEWS FROM YOUR HILLTOP HOME! This home is nestled on a hill & backs up to Fox Hollow Park. Interior freshly painted throughout in Oct 2020. Pretty laminate floors downstairs. High ceilings & plenty of natural light. Open floorplan. The cook in your family will love the kitchen with its updated quartz island countertop & downdraft cooktop installed Oct 2020. Plenty of cabinet space. Enjoy lazy weekend mornings sipping coffee in the bright b'fast nook, or make every meal special in the formal dining area. Spacious master suite has 2 WI closets, sep shower & dual sinks. Bedroom 4 would be perfect for an office or home schooling. 2nd liv area could be formal LR or game room. Lg fenced back yard w-deck.

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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$959
Property Tax -$616
Property Insurance -$172
HOA -$32
Property Management Fees -$99
CASH FLOW
$121

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.

$260,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.77%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$22,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,080

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9953$2,0004$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 6327 Lake Bluff Drive Dallas, TX 3
    • 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,513 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.80
    •  
  • 8487 Creekbluff Drive Dallas, TX 1
    • 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,290 Sqft ∙ Built 2008
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.83
    •  
  • 6415 Canyon Lake Drive Dallas, TX 2
    • 3 beds 2 baths ∙ 2,500 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,500 Sqft ∙ Built 1989
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
  • 8420 Ridge Creek Drive Dallas, TX 4
    • 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2008
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.84
    •  
  • 7920 Glenway Drive Dallas, TX 5
    • 5 beds 4 baths ∙ 2,629 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,629 Sqft ∙ Built 2002
    property image
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
PROPERTY LISTING DETAILS
Pam Smith
Jp And Associates Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469307
Last Updated: 11/14/2020
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