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8424 High Brush Drive Dallas, TX 75249

4 Beds 3 Baths 2,674 sqft Built 1990

$279,900

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $104.67
  • 4 Days on Market
  • MLS # : 14517536
  • Updated Date : 02/13/2021 at 10:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,674 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Best-Final Offers Due by Saturday, 2.20.21 at 5 pm. Step into this amazing home, w close proximity to the hwy, shopping and dining, featuring a retreat like backyard. Envision relaxing on the Deck overlooking the exceptional nature views, which turn to a sunset then by night city views are all around. Large eat in kitchen w Granite Countertops & Tumbled Stone Backsplash and backyard views. Tile & wood flooring, Master Down, Master Bath w double sinks, separate shower & Jetted Tub. 3 Bedrooms, Bath and a large Second Living that could serve as a gameroom, media, exercise, study, additional living-very versatile flex space. Private backyard offers room for gardening and plenty of room for family gatherings.

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: Wind Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Wind Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451876

* 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
Kennemer Middle School Middle Regular 689 45 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

Kennemer Middle School

  • Education Level: Middle
  • # of students: 689
  • # of teachers: 45
3
GreatSchools Rating

Duncanville High School

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

$251,910$307,890$279,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$972
Property Tax -$664
Property Insurance -$182
HOA -$31
Property Management Fees -$99
CASH FLOW
$122

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.

$279,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.74%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$19,452

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,186

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$1,9953$2,0704$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 8424 High Brush Drive Dallas, TX 3
    • 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,674 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.77
    •  
  • 6415 Canyon Lake Drive Dallas, TX 1
    • 3 beds 2 baths ∙ 2,500 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,500 Sqft ∙ Built 1989
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.80
    •  
  • 5964 Wisdom Creek Drive Dallas, TX 2
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1999
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.79
    •  
  • 8420 Ridge Creek Drive Dallas, TX 4
    • 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 2008
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.84
    •  
  • 7920 Glenway Drive Dallas, TX 5
    • 5 beds 4 baths ∙ 2,629 Sqft ∙ Built 2002 5 beds 4 baths ∙ 2,629 Sqft ∙ Built 2002
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.84
    •  
PROPERTY LISTING DETAILS
Tierny Jordan
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14517536
Last Updated: 02/13/2021
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