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7017 Dogwood Creek Lane 
Dallas, TX
75252
3 Beds 3 Baths 2,495 sqft
Built 1995
INVESTimate
$425,000
List Price
$118,375
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $170.34
- 2 Days on Market
- MLS # : 14419968
- Updated Date : 08/25/2020 at 12:28
CONSTRUCTION
- Beds : 3
- Floor Size : 2,495 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Central
Listing Agent's Description
Prestigious gated community with guard on duty in N Dallas. Beautiful entrance with spiral staircase, high ceilings, crown molding & wall of windows showcasing a pool with a spa on a creek lot! Spacious living room enhanced by a decorative fireplace mantel & light wood floors. Great kitchen layout is open to the living area & features an island, breakfast bar, lots of cabinets & countertop space for cooking & entertaining. Breakfast area has a cute window seat. Elegant dining room is convenient to the kitchen. The formal living could be an upscale home office space. The owner's suite is downstairs with view of the pool. Upstairs you'll find a gameroom overlooking the family room, secondary bedrooms & full bath.
SEE MORE
- . 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Far North Dallas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Far North Dallas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,600 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$839 | |
| Property Insurance | -$171 | |
| HOA | -$174 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$252
|
||
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.
$425,000
PROJECTED PRICE
$2,600
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.02% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
1.67
YEARS SAVED
$5,455
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,600
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$2,713
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
-
7017 Dogwood Creek Lane Dallas, TX 3
- 3 beds 3 baths ∙ 2,495 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,495 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $2,600
- $1.04
-
7211 Dogwood Creek Lane Dallas, TX 1
- 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
-
7319 Briarnoll Drive Dallas, TX 2
- 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,587 Sqft ∙ Built 1986
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,595
- $1.00
-
7119 Mumford Court Dallas, TX 4
- 3 beds 3 baths ∙ 2,494 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,494 Sqft ∙ Built 1986
LEASED 07/10/20- Rent
- Rent Per SQFT
- $2,950
- $1.18
-
6810 Winding Rose Trail Dallas, TX 5
- 3 beds 3 baths ∙ 2,632 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,632 Sqft ∙ Built 1986
LEASED 01/16/20- Rent
- Rent Per SQFT
- $3,000
- $1.14
PROPERTY LISTING DETAILS
Keller Williams Central
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14419968
Last Updated: 08/25/2020
