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800 Claire View Drive Desoto, TX 75115

3 Beds 2 Baths 1,816 sqft Built 1991

$259,500

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $142.90
  • 6 Days on Market
  • MLS # : 14537979
  • Updated Date : 03/25/2021 at 18:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,816 sqft
  • Baths : 2 full
Listing Agent

Henderson Luna Realty

Listing Agent's Description

Beautiful home in established neighborhood. Ready for new owners, Open floor plan with open living room perfect for family gatherings, nice size bedrooms and kitchen. No carpet, laminate flooring trough out the house. New roof will be installed this week. Beautiful deck in back yard perfect for parties. SELLER NEEDS 30 DAY LEASE BACK. **MULTIPLE OFFERS RECEIVED. Please submit High and best Saturday March 27th at 10:00 am Seller will be reviewing offers Saturday afternoon. If your buyer is offering above list price please include appraisal addendum if it’s ok with buyer.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Eagle Downs

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Eagle Downs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451770

* 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
Frank D. Moates Elementary School Primary Regular 641 39 4
Desoto West Middle School Middle Regular 709 49 3

Frank D. Moates Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 39
4
GreatSchools Rating

Desoto West Middle School

  • Education Level: Middle
  • # of students: 709
  • # of teachers: 49
3
GreatSchools Rating
 

$233,550$285,450$259,500

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$901
Property Tax -$620
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
-$63

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.

$259,500

PROJECTED PRICE

$1,690

PROJECTED RENT

0.65%

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

PROJECTED ANNUAL CASH FLOW

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

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$74,518

INVESTMENT

$74,518

Down Payment
$64,875
Rehab Estimate
$5,750
Closing Costs
$3,893

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$901

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,875
Loan Amount $194,625
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$6,183

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,607

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5953$1,6104$1,6905$1,695
$1,695
RENT COMPS ANALYSIS
  • 800 Claire View Drive Desoto, TX 4
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.93
    •  
  • 640 Priscilla Lane Desoto, TX 1
    • 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 1980
    property image
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.90
    •  
  • 528 Newcastle Drive Desoto, TX 2
    • 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 1979
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 913 Wentwood Drive Desoto, TX 3
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 1992
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.85
    •  
  • 717 Claire View Drive Desoto, TX 5
    • 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 1992
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Karina Salazar
Henderson Luna Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537979
Last Updated: 03/25/2021
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