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6708 Keswick Drive Dallas, TX 75232

3 Beds 2 Baths 2,038 sqft Built 2018

$367,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $180.08
  • 3 Days on Market
  • MLS # : 14477003
  • Updated Date : 12/04/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,038 sqft
  • Baths : 2 full
Listing Agent

Hopkins Realty & Assoc. Llc

Listing Agent's Description

Immaculate 1 story less than 2 year old beauty in the in desired Elderwoods Elderoaks area. This home offers sleek design features and contemporary living designed kitchen offers SS appliances, marble counters, recessed and decorative lighting, ornate fixtures and ample cabinets. Open concept kitchen and living area are great for entertaning! Large master suite includes a luxurious master bath and closet. Bath adorn with designer touches, monochromatic colors, and exquisite details. Just minutes from the major freeways, less than 20 mintes from Downtown Dallas, Bishop Arts district and so much more! You will LOVE it!

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: Wolf Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Wolf Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9091734

* 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
Birdie Alexander Elementary School Primary Regular 407 29 4
William Hawley Atwell Law Academy Middle Magnet 834 68 2
David W. Carter High School High Regular 1,040 64 2

Birdie Alexander Elementary School

  • Education Level: Primary
  • # of students: 407
  • # of teachers: 29
4
GreatSchools Rating

William Hawley Atwell Law Academy

  • Education Level: Middle
  • # of students: 834
  • # of teachers: 68
2
GreatSchools Rating

David W. Carter High School

  • Education Level: High
  • # of students: 1,040
  • # of teachers: 64
2
GreatSchools Rating
 

$330,300$403,700$367,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,354
Property Tax -$870
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
-$918

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.

$367,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 12.6%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,005

INVESTMENT

$103,005

Down Payment
$91,750
Rehab Estimate
$5,750
Closing Costs
$5,505

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,750
Loan Amount $275,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,595

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,345
1$1,3452$1,4953$1,5504$1,6505$1,675
$1,675
RENT COMPS ANALYSIS
  • 6708 Keswick Drive Dallas, TX 3
    • 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 8016 Alex David Circle Dallas, TX 1
    • 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,706 Sqft ∙ Built 2004
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,345
    • $0.79
    •  
  • 2836 Trailhouse Drive Dallas, TX 2
    • 3 beds 3 baths ∙ 2,097 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,097 Sqft ∙ Built 2003
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.71
    •  
  • 3326 Choir Street Dallas, TX 4
    • 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 2004
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 2727 Tranquil Way Dallas, TX 5
    • 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,228 Sqft ∙ Built 2002
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.75
    •  
PROPERTY LISTING DETAILS
Dani Scott
Hopkins Realty & Assoc. Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477003
Last Updated: 12/04/2020
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