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

8230 Callimont Lane Dallas, TX 75231

3 Beds 4 Baths 2,355 sqft Built 2021

$532,122

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $225.95
  • 7 Days on Market
  • MLS # : 14510518
  • Updated Date : 02/01/2021 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,355 sqft
  • Baths : 3 full , 1 half
Listing Agent

Move Up America

Listing Agent's Description

The Nueces plan could be your next home! This 2,355 Sq Ft and offers a 1st-floor game room, powder bath, and rear entry 2 car garage. Our 2nd-floor features a large balcony off the family room, a center kitchen, and a dining. Tucked away on the 2nd floor are a guest bedroom and a full bath. The 3rd-floor has a large master suite and a roomy master bath with tub and shower; the master bedroom also has a private balcony. Down the hall are the utility room and guest suite with a full private bath. The elevator will take you to all 3 floors.

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: Vickery

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $48k243k

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

Neighborhood: Vickery

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9452214

* 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
Lee A. Mcshan Jr. Elementary School Primary Regular 704 41 5
Sam Tasby Middle School Middle Regular 837 55 2
Emmett J. Conrad High School High Regular 1,121 87 3

Lee A. Mcshan Jr. Elementary School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 41
5
GreatSchools Rating

Sam Tasby Middle School

  • Education Level: Middle
  • # of students: 837
  • # of teachers: 55
2
GreatSchools Rating

Emmett J. Conrad High School

  • Education Level: High
  • # of students: 1,121
  • # of teachers: 87
3
GreatSchools Rating
 

$478,910$585,334$532,122

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,848
Property Tax -$1,262
Property Insurance -$163
HOA -$127
Property Management Fees -$99
CASH FLOW
-$799

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$532,122

PROJECTED PRICE

$2,700

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 3.00%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,012

INVESTMENT

$143,012

Down Payment
$133,031
Rehab Estimate
$2,000
Closing Costs
$7,982

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,848

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,031
Loan Amount $399,092
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$5

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $3,415

    COMP ESTIMATED VALUE
  • $1.45

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,5003$3,650
$3,650
RENT COMPS ANALYSIS
  • 8230 Callimont Lane Dallas, TX 1
    • 3 beds 4 baths ∙ 2,355 Sqft ∙ Built 2021 3 beds 4 baths ∙ 2,355 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.15
    •  
  • 8215 Folcroft Lane Dallas, TX 2
    • 3 beds 3 baths ∙ 2,431 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,431 Sqft ∙ Built 2018
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.44
    •  
  • 7827 Verona Place Dallas, TX 3
    • 3 beds 4 baths ∙ 2,507 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,507 Sqft ∙ Built 2018
    property image
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.46
    •  
PROPERTY LISTING DETAILS
Daisy Lopez
Move Up America
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14510518
Last Updated: 02/01/2021
BESbswy