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832 E Danbury Drive Desoto, TX 75115

4 Beds 3 Baths 2,670 sqft Built 2016

$330,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $123.93
  • 1 Days on Market
  • MLS # : 14497234
  • Updated Date : 01/09/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,670 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ernest Jakes

Listing Agent's Description

Located in the heart of DeSoto! 4 bedroom, 2.5 bath, with a great Media Room perfect for entertainment. Two living spaces, formal dining room, and kitchen has an open concept to living space with a gas fireplace. Motivated Seller, Owner is relocating. *Buyers to verify all information.

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: Elerson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $122k327k

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

Neighborhood: Elerson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10602653

* 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
Cockrell Hill Elementary School Primary Regular 565 37 5
Desoto West Middle School Middle Regular 709 49 3

Cockrell Hill Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 37
5
GreatSchools Rating

Desoto West Middle School

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

$297,810$363,990$330,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,149
Property Tax -$791
Property Insurance -$181
HOA -$42
Property Management Fees -$99
CASH FLOW
-$262

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.

$330,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,439

INVESTMENT

$93,439

Down Payment
$82,725
Rehab Estimate
$5,750
Closing Costs
$4,964

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,149

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,725
Loan Amount $248,175
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,982

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$1,9504$2,0005$2,000
$2,000
RENT COMPS ANALYSIS
  • 832 E Danbury Drive Desoto, TX 5
    • 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,670 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.75
    •  
  • 1205 Mountain Laurel Lane Desoto, TX 1
    • 4 beds 2 baths ∙ 2,610 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,610 Sqft ∙ Built 2002
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.69
    •  
  • 720 Princeton Drive Desoto, TX 2
    • 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,472 Sqft ∙ Built 2002
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.77
    •  
  • 524 Spicewood Drive Desoto, TX 3
    • 3 beds 2 baths ∙ 2,635 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,635 Sqft ∙ Built 2002
    LEASED 09/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.74
    •  
  • 212 Balsam Grove Lane Desoto, TX 4
    • 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,612 Sqft ∙ Built 2002
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Gabriela Mares
Ernest Jakes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497234
Last Updated: 01/09/2021
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