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6730 Deleon Street Irving, TX 75039

4 Beds 3 Baths 2,663 sqft Built 2015

$479,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $179.87
  • 1 Days on Market
  • MLS # : 14532489
  • Updated Date : 03/13/2021 at 08:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,663 sqft
  • Baths : 3 full
Listing Agent

Rekonnection, Llc

Listing Agent's Description

Gorgeous 4 bedroom, 3 full baths, Covered Porch and Balcony in in the heart of desirable Las Colinas. This home offers clean, open floorplan, vaulted ceilings, neutral colors, wood floors in entry, living room, Kitchen and dining areas, Large kitchen with walk-in pantry, island, granite countertops, gas cooktop and breakfast bar open to Family room. Nice loft area is flex space that could serve for multiple uses, Bedroom with full bath downstairs. Close to Campion Hike and Bike Trails, Parks, Shopping, Dining, and Entertainment. HOA covers all landscape maintenance. Close Las Colinas Shopping and offices , easy Highway Access and close connectivity to DFW and Love field Airports.

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: Las Colinas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $107k482k

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

Neighborhood: Las Colinas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10433419

* 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
 

$431,100$526,900$479,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$1,664
Property Tax -$1,195
Property Insurance -$181
HOA -$63
Property Management Fees -$99
CASH FLOW
-$301

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.

$479,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,296

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,900

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,856

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9003$2,9004$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 6730 Deleon Street Irving, TX 3
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.09
    •  
  • 6611 Deleon Street Irving, TX 1
    • 3 beds 3 baths ∙ 2,655 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,655 Sqft ∙ Built 2014
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.04
    •  
  • 7322 Comal Drive Irving, TX 2
    • 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,650 Sqft ∙ Built 2009
    property image
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.09
    •  
  • 423 Palacio Street Irving, TX 4
    • 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,707 Sqft ∙ Built 2013
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.11
    •  
  • 6835 Deleon Street Irving, TX 5
    • 3 beds 3 baths ∙ 2,848 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,848 Sqft ∙ Built 2016
    property image
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.05
    •  
PROPERTY LISTING DETAILS
Ram Konara
Rekonnection, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532489
Last Updated: 03/13/2021
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