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6613 Villa Road Dallas, TX 75252

4 Beds 3 Baths 2,546 sqft Built 2000

$578,500

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $227.22
  • 2 Days on Market
  • MLS # : 14474991
  • Updated Date : 11/21/2020 at 16:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,546 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Spectacular setting for this North Dallas home! Over one-third acre lot with huge covered patio, koi pond, large play area! Updated home has travertine, handscraped wood flooring, fresh interior paint, updated roof, gutters. Kitchen has granite, Thermador dual fuel commercial range. Luxurious master bath with jetted tub, separate shower. Spacious master bedroom has windows overlooking backyard plus a sitting area. Gorgeous landscaping with huge trees, landscape lighting. Fabulous 1200 sqft flagstone patio with fireplace, cooking center with gas grill, 2 gas side burners, sink, refrigerator & mounted TV! Commercial grade electric patio heaters for year round enjoyment! 8 ft board on board provides great privacy!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Jackson Elementary School Primary Regular 594 54 6
Frankford Middle School Middle Regular 1,122 72 6
Plano West Senior High School High Regular 2,896 165 7

Jackson Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 54
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
 

$520,650$636,350$578,500

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,134
Property Tax -$1,143
Property Insurance -$174
HOA -$17
Property Management Fees -$99
CASH FLOW
-$1,127

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.

$578,500

PROJECTED PRICE

$2,440

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.0%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,053

INVESTMENT

$159,053

Down Payment
$144,625
Rehab Estimate
$5,750
Closing Costs
$8,678

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,134

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,625
Loan Amount $433,875
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$30

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,629

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,4953$2,4954$2,6005$2,895
$2,895
RENT COMPS ANALYSIS
  • 6613 Villa Road Dallas, TX 1
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.96
    •  
  • 7211 Dogwood Creek Lane Dallas, TX 2
    • 3 beds 3 baths ∙ 2,419 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,419 Sqft ∙ Built 1995
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.03
    •  
  • 6079 Willow Wood Lane Dallas, TX 3
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1992
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.01
    •  
  • 6607 Villa Road Dallas, TX 4
    • 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,631 Sqft ∙ Built 2003
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
  • 6711 Lovington Drive Dallas, TX 5
    • 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,634 Sqft ∙ Built 1984
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.10
    •  
PROPERTY LISTING DETAILS
Larry Breedlove
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 #: 14474991
Last Updated: 11/21/2020
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