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6816 Sunshade Lane Dallas, TX 75236

4 Beds 4 Baths 4,500 sqft Built 2015

$489,900

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $108.87
  • 5 Days on Market
  • MLS # : 14498985
  • Updated Date : 01/15/2021 at 18:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,500 sqft
  • Baths : 3 full , 1 half
Listing Agent

United Real Estate

Listing Agent's Description

Gorgeous 4 bed, 3.5 bath, 3 Car Garage w brick & stone elevation located in the Hills of Dallas! Inside has stunning hardwoods, soaring ceilings, dramatic 2 story stone fireplace ,walk-in closets in all bedrooms. The family room leads to eat-in kitchen & spacious breakfast area. Kitchen features huge island, granite counters, Whirlpool SS appliances, walk-in pantry & tons of natural light. Primary bedroom on the first floor includes an en-suite bathroom with His&Her closets, garden tub & walk-in shower. Upstairs are 2 beds connected by Jack n Jill bathroom & a separate guest suite. Enjoy add'tl media room, game room, study & oversized backyard w covered patio, custom built grille. VIRTUAL TOUR LINK AVAILABLE

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Estates at Grady Niblo

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $102k411k

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

Neighborhood: Estates at Grady Niblo

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9472526

* 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
Bilhartz Elementary School Primary Regular 679 41 4
Hardin Intermediate School Middle Regular 635 40 4
Duncanville High School High Regular 3,923 238 3

Bilhartz Elementary School

  • Education Level: Primary
  • # of students: 679
  • # of teachers: 41
4
GreatSchools Rating

Hardin Intermediate School

  • Education Level: Middle
  • # of students: 635
  • # of teachers: 40
4
GreatSchools Rating

Duncanville High School

  • Education Level: High
  • # of students: 3,923
  • # of teachers: 238
3
GreatSchools Rating
 

$440,910$538,890$489,900

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$1,702
Property Tax -$1,162
Property Insurance -$287
HOA -$38
Property Management Fees -$99
CASH FLOW
-$407

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.

$489,900

PROJECTED PRICE

$2,880

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.6%
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

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,264

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,880

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $4,005

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,880
1$2,8802$3,800
$3,800
RENT COMPS ANALYSIS
  • 6816 Sunshade Lane Dallas, TX 1
    • 4 beds 4 baths ∙ 4,500 Sqft ∙ Built 2015 4 beds 4 baths ∙ 4,500 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,880
    • $0.64
    •  
  • 6815 Sunshade Lane Dallas, TX 2
    • 5 beds 5 baths ∙ 4,270 Sqft ∙ Built 2015 5 beds 5 baths ∙ 4,270 Sqft ∙ Built 2015
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.89
    •  
PROPERTY LISTING DETAILS
Kevin Mcdonald
United Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498985
Last Updated: 01/15/2021
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