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709 Bent Creek Drive Desoto, TX 75115

4 Beds 4 Baths 2,465 sqft Built 1985

$290,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $117.65
  • 2 Days on Market
  • MLS # : 14485498
  • Updated Date : 12/12/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,465 sqft
  • Baths : 3 full , 1 half
Listing Agent

Citiwide Properties Corp.

Listing Agent's Description

Beautiful custom 4 split bedroom home. Lead glass front door, sunroom with skylight. Jack and Jill Bath, secluded master suite with vaulted ceilings, jacuzzi-separate shower-his and her vanities. Oversized garage-storage building-sprinkler system.

SEE MORE

MARKET HIGHLIGHTS

  • . 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: Silver Creek Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Silver Creek Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10602171

* 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
Ruby Young Elementary School Primary Regular 617 34 3
Curtistene S Mccowan Middle School Middle Regular 846 52 2

Ruby Young Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 34
3
GreatSchools Rating

Curtistene S Mccowan Middle School

  • Education Level: Middle
  • # of students: 846
  • # of teachers: 52
2
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,070
Property Tax -$693
Property Insurance -$170
HOA -$24
Property Management Fees -$99
CASH FLOW
-$6

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.

$290,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$13,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,775

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,8504$2,0005$2,050
$2,050
RENT COMPS ANALYSIS
  • 709 Bent Creek Drive Desoto, TX 5
    • 4 beds 4 baths ∙ 2,465 Sqft ∙ Built 1985 4 beds 4 baths ∙ 2,465 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.83
    •  
  • 1614 Laurel Springs Court Desoto, TX 1
    • 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,521 Sqft ∙ Built 2001
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.67
    •  
  • 1425 Gatlinburg Circle Desoto, TX 2
    • 3 beds 3 baths ∙ 2,658 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,658 Sqft ∙ Built 2001
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 1113 Barrington Drive Desoto, TX 3
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1991
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 212 Balsam Grove Lane Desoto, TX 4
    • 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 2002
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Sandra Hall
Citiwide Properties Corp.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14485498
Last Updated: 12/12/2020
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