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7904 Swenson Drive Irving, TX 75063

5 Beds 6 Baths 3,848 sqft Built 2016

$610,000

List Price

$3,460

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $158.52
  • 2 Days on Market
  • MLS # : 14488731
  • Updated Date : 12/19/2020 at 18:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,848 sqft
  • Baths : 5 full , 1 half
Listing Agent

Ai Group Realty

Listing Agent's Description

Gorgeous David Weekly Home With the Model Floor Plan in Highly Sought After Campion Hollows! Home features 2 masters, vaulted ceilings, beautiful curved staircase, rich wood floors, 1st floor master suite as well as a guest bedroom and full bath down as well as guest! This home also boasts one of the highest grades of Granite in the large Chef's Kitchen! An open concept floor plan fantastic for family living or entertaining! Upstairs features a second living area, game room, second Master Suite and 2 additional bedrooms and 3 full baths! Large backyard is has a large covered patio. Campion Hollows is minutes of Downtown Dallas, DFW & Love Field Airports, Fine Dining & Shops close! Home is Priced Below Market!

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: Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $107k392k

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

Neighborhood: Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10432590

* 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
Tom Landry Elementary School Primary Regular 466 27 2
Barbara Bush Middle School Middle Regular 672 44 4
Ranchview High School High Regular 843 56 5

Tom Landry Elementary School

  • Education Level: Primary
  • # of students: 466
  • # of teachers: 27
2
GreatSchools Rating

Barbara Bush Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 44
4
GreatSchools Rating

Ranchview High School

  • Education Level: High
  • # of students: 843
  • # of teachers: 56
5
GreatSchools Rating
 

$549,000$671,000$610,000

PURCHASE PRICE

$3,114$3,806$3,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,460
EXPENSES Loan Payment -$2,251
Property Tax -$1,348
Property Insurance -$250
HOA -$124
Property Management Fees -$99
CASH FLOW
-$611

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.

$610,000

PROJECTED PRICE

$3,460

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.3%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,188

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,460

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,704

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$3,350
1$3,3502$3,4603$3,4954$3,5005$4,200
$4,200
RENT COMPS ANALYSIS
  • 7904 Swenson Drive Irving, TX 2
    • 5 beds 6 baths ∙ 3,848 Sqft ∙ Built 2016 5 beds 6 baths ∙ 3,848 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $3,460
    • $0.90
    •  
  • 7824 Southfork Bend Irving, TX 1
    • 4 beds 5 baths ∙ 3,651 Sqft ∙ Built 2014 4 beds 5 baths ∙ 3,651 Sqft ∙ Built 2014
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.92
    •  
  • 6723 Capistrano Street Irving, TX 3
    • 4 beds 4 baths ∙ 3,766 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,766 Sqft ∙ Built 2012
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.93
    •  
  • 7878 Swenson Drive Irving, TX 4
    • 5 beds 5 baths ∙ 3,615 Sqft ∙ Built 2016 5 beds 5 baths ∙ 3,615 Sqft ∙ Built 2016
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.97
    •  
  • 211 San Bernard Drive Irving, TX 5
    • 5 beds 5 baths ∙ 4,070 Sqft ∙ Built 2011 5 beds 5 baths ∙ 4,070 Sqft ∙ Built 2011
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.03
    •  
PROPERTY LISTING DETAILS
Alan Adams
Ai Group Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488731
Last Updated: 12/19/2020
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