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800 Mallard Street Euless, TX 76039

4 Beds 4 Baths 3,599 sqft Built 2015

$560,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $155.60
  • 4 Days on Market
  • MLS # : 14462519
  • Updated Date : 10/31/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,599 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exit Realty Elite

Listing Agent's Description

EXQUISITE HOME with GORGEOUS POOL in private backyard...only 5 minutes from DFW Airport! This 4 bedroom home has an optimal floorplan, featuring 2 bedrooms (including master) and 2 full baths downstairs. Game room, media room, 2 bedrooms, 1 full and 1 half bath upstairs. The main living area and gourmet kitchen look out to a stunning outdoor pool with water features, sun deck, freshly stained fence and pergola, and covered patio. Beautiful wood flooring from entryway into study, down hallways and into main living area as well as in upstairs hallways. Large master bedroom and bath with separate shower and large walk in closet. Full size utility room with extra room for 2nd refrigerator or freezer.

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: Villages of Bear Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $122k411k

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

Neighborhood: Villages of Bear Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9932137

* 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
Midway Park Elementary School Primary Regular 701 41 7
Euless Junior High School Middle Regular 1,024 57 8
Euless Junior High School High Regular 1,024 57 8

Midway Park Elementary School

  • Education Level: Primary
  • # of students: 701
  • # of teachers: 41
7
GreatSchools Rating

Euless Junior High School

  • Education Level: Middle
  • # of students: 1,024
  • # of teachers: 57
8
GreatSchools Rating

Euless Junior High School

  • Education Level: High
  • # of students: 1,024
  • # of teachers: 57
8
GreatSchools Rating
 

$504,000$616,000$560,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$2,066
Property Tax -$1,087
Property Insurance -$235
HOA -$54
Property Management Fees -$99
CASH FLOW
-$342

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.

$560,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$10k-$5.0k$0.0$5.0k$10k

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$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,535

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $3,263

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2003$3,2004$3,200
$3,200
RENT COMPS ANALYSIS
  • 800 Mallard Street Euless, TX 4
    • 4 beds 4 baths ∙ 3,599 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,599 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.89
    •  
  • 1013 Vineyard Drive Euless, TX 1
    • 4 beds 4 baths ∙ 3,277 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,277 Sqft ∙ Built 2016
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.92
    •  
  • 903 Red Maple Road Euless, TX 2
    • 4 beds 4 baths ∙ 3,545 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,545 Sqft ∙ Built 2016
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.90
    •  
  • 903 Red Maple Street Euless, TX 3
    • 4 beds 4 baths ∙ 3,545 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,545 Sqft ∙ Built 2016
    LEASED 09/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.90
    •  
PROPERTY LISTING DETAILS
Barbara Allan
Exit Realty Elite
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462519
Last Updated: 10/31/2020
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