Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6829 Rondo Drive Dallas, TX 75241

3 Beds 2 Baths 1,295 sqft Built 2003

$166,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $128.88
  • 2 Days on Market
  • MLS # : 14475657
  • Updated Date : 11/21/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,295 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

WELL-MAINTAINED 3 BEDROOM, 2 BATHROOM BRICK HOME IN THE HEART OF DALLAS! You will feel right at home in this open concept floor plan featuring beautiful flooring and large windows that bring in tons of natural light. The chef in your family will love the gourmet kitchen featuring plenty of counter space and a breakfast bar. Host in the impressive family room showcasing a cozy fireplace. After a long day, nothing compares to the luxurious primary suite that boasts a private bathroom and a large walk-in closet. Great location near UNT Dallas and Singing Hills Park! Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.

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: Villages of Runyon Springs

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $78k243k

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

Neighborhood: Villages of Runyon Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8731734

* 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
Robert L. Thornton Elementary School Primary Regular 476 30 4
Boude Storey Middle School Middle Regular 703 49 2
South Oak Cliff High School High Regular 1,319 86 2

Robert L. Thornton Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 30
4
GreatSchools Rating

Boude Storey Middle School

  • Education Level: Middle
  • # of students: 703
  • # of teachers: 49
2
GreatSchools Rating

South Oak Cliff High School

  • Education Level: High
  • # of students: 1,319
  • # of teachers: 86
2
GreatSchools Rating
 

$150,210$183,590$166,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$616
Property Tax -$396
Property Insurance -$102
HOA -$8
Property Management Fees -$99
CASH FLOW
$69

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.

$166,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 13.8%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$49,979

INVESTMENT

$49,979

Down Payment
$41,725
Rehab Estimate
$5,750
Closing Costs
$2,504

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$616

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $41,725
Loan Amount $125,175
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$14,007

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,289

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,4003$1,4004$1,4505$1,600
$1,600
RENT COMPS ANALYSIS
  • 6829 Rondo Drive Dallas, TX 1
    • 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,295 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.00
    •  
  • 1514 Cover Drive Dallas, TX 2
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 2003
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.94
    •  
  • 2502 Wilma Street Dallas, TX 3
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 2005
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.01
    •  
  • 6610 Tealglen Drive Dallas, TX 4
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2016
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
  • 1618 Duet Drive Dallas, TX 5
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 2004
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
PROPERTY LISTING DETAILS
Wendy Galloway
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475657
Last Updated: 11/21/2020
BESbswy