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752 Beechwood Drive Desoto, TX 75115

4 Beds 3 Baths 2,663 sqft Built 1998

$299,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $112.28
  • 3 Days on Market
  • MLS # : 14460659
  • Updated Date : 11/01/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,663 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pels Group

Listing Agent's Description

Looking for that sense of Home, Look no further. A very well maintained home with Pride of Ownership. This home is a Corner Lot that sits on a beautifully landscaped lawn welcoming you to the interior that opens to a Foyer, Office, Staircase, Dining Area and Master Bedroom downstairs. Large Open Concept Eat-In Kitchen with Plenty of Room for Entertaining. Upstairs boasts another Living Area which can be a Den, Open Office or Theater Space along with three bedrooms. This home has had several upgrades in 2020 such as Exterior Paint, New Entry Doors, New Alarm System, Thermostat, New Energy Efficient Windows installed throughout. Ready to Fall in Love - Come out and View!

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: Oakmont

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Oakmont

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451822

* 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
Woodridge Elementary School Primary Regular 691 41 3
Desoto East Middle School Middle Regular 687 43 3

Woodridge Elementary School

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 41
3
GreatSchools Rating

Desoto East Middle School

  • Education Level: Middle
  • # of students: 687
  • # of teachers: 43
3
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,103
Property Tax -$715
Property Insurance -$181
HOA -$8
Property Management Fees -$99
CASH FLOW
-$266

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.

$299,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.9%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$980

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,837

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7493$1,7954$1,8405$1,900
$1,900
RENT COMPS ANALYSIS
  • 752 Beechwood Drive Desoto, TX 4
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.69
    •  
  • 704 Inglewood Trail Desoto, TX 1
    • 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,582 Sqft ∙ Built 1989
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.67
    •  
  • 749 Horseshoe Court Desoto, TX 2
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2006
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.66
    •  
  • 773 Eldorado Drive Desoto, TX 3
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 619 Fern Drive Desoto, TX 5
    • 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 1994
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
PROPERTY LISTING DETAILS
Ladena Odom
Pels Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460659
Last Updated: 11/01/2020
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