Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8027 Vista Hill Lane Dallas, TX 75249

3 Beds 2 Baths 2,069 sqft Built 2013

$279,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $134.85
  • 4 Days on Market
  • MLS # : 14501162
  • Updated Date : 01/23/2021 at 18:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,069 sqft
  • Baths : 2 full
Listing Agent

Ready Real Estate

Listing Agent's Description

Three-bedroom and two-bathroom single-family home. The kitchen has stainless steel appliances, an island, and a pantry. The master bathroom has a separate garden tub and tile-surround shower & a walk-in closet. Parks are nearby.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Mountain Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k257k

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

Neighborhood: Mountain Hollow

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9452216

* 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
Hyman Elementary School Primary Regular 560 36 4
Daniel Intermediate School Middle Regular 658 39 3
Duncanville High School High Regular 3,923 238 3

Hyman Elementary School

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 36
4
GreatSchools Rating

Daniel Intermediate School

  • Education Level: Middle
  • # of students: 658
  • # of teachers: 39
3
GreatSchools Rating

Duncanville High School

  • Education Level: High
  • # of students: 3,923
  • # of teachers: 238
3
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$969
Property Tax -$662
Property Insurance -$147
HOA -$23
Property Management Fees -$99
CASH FLOW
-$29

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.

$279,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,646

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,903

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7953$1,8704$1,9505$2,030
$2,030
RENT COMPS ANALYSIS
  • 8027 Vista Hill Lane Dallas, TX 3
    • 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.90
    •  
  • 5890 Cliff Ridge Drive Dallas, TX 1
    • 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,925 Sqft ∙ Built 2004
    property image
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 6550 Lighthouse Way Dallas, TX 2
    • 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 2007
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.94
    •  
  • 8032 Vista Hill Lane Dallas, TX 4
    • 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 2015
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 7928 Hill Country Lane Dallas, TX 5
    • 4 beds 2 baths ∙ 2,096 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,096 Sqft ∙ Built 2001
    property image
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.97
    •  
PROPERTY LISTING DETAILS
Tj Rodriguez
Ready Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501162
Last Updated: 01/23/2021
BESbswy