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6527 Barcelona Irving, TX 75039

4 Beds 4 Baths 3,925 sqft Built 2006

$699,000

List Price

$3,750

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $178.09
  • 4 Days on Market
  • MLS # : 14540277
  • Updated Date : 03/25/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,925 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Here is your chance to live in prestigious La Villita! A Charming two story home where the neighborhood is inspired by Villas in Spain is ready for you and your family. This amazing home has a 3 car garage and sits on a corner lot with a large yard and is across from the park. A beautiful lake is only steps away and walking and biking trails connect to Campion Trail. An open kitchen and a see thru fireplace, nailed down hand-scraped hardwood floors, arched doorways, plantation shutters and high ceilings add to the charm. The guest suite with a private bath is downstairs, two additional bedrooms, game room and media room are on the second floor.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: La Villita

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $107k473k

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

Neighborhood: La Villita

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10433296

* 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
La Villita Elementary School Primary Regular 584 34 7
Barbara Bush Middle School Middle Regular 672 44 4
Ranchview High School High Regular 843 56 5

La Villita Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 34
7
GreatSchools Rating

Barbara Bush Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 44
4
GreatSchools Rating

Ranchview High School

  • Education Level: High
  • # of students: 843
  • # of teachers: 56
5
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$3,375$4,125$3,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,750
EXPENSES Loan Payment -$2,428
Property Tax -$1,683
Property Insurance -$254
HOA -$67
Property Management Fees -$99
CASH FLOW
-$780

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.

$699,000

PROJECTED PRICE

$3,750

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 2.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$231

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,750

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,797

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,495
1$3,4952$3,7503$3,7994$3,8005$3,990
$3,990
RENT COMPS ANALYSIS
  • 6527 Barcelona Irving, TX 2
    • 4 beds 4 baths ∙ 3,925 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,925 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $0.96
    •  
  • 6723 Capistrano Street Irving, TX 1
    • 4 beds 4 baths ∙ 3,766 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,766 Sqft ∙ Built 2012
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.93
    •  
  • 1668 Ashington Trail Farmers Branch, TX 3
    • 4 beds 4 baths ∙ 3,958 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,958 Sqft ∙ Built 2018
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,799
    • $0.96
    •  
  • 282 Melrose Avenue Irving, TX 4
    • 5 beds 4 baths ∙ 3,668 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,668 Sqft ∙ Built 2014
    LEASED 02/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.04
    •  
  • 1744 Bramshaw Trail Farmers Branch, TX 5
    • 5 beds 6 baths ∙ 4,245 Sqft ∙ Built 2018 5 beds 6 baths ∙ 4,245 Sqft ∙ Built 2018
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,990
    • $0.94
    •  
PROPERTY LISTING DETAILS
Kathi Thompson
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540277
Last Updated: 03/25/2021
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