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8463 Creekbluff Drive Dallas, TX 75249

4 Beds 3 Baths 2,727 sqft Built 2006

$329,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $120.98
  • 14 Days on Market
  • MLS # : 14482618
  • Updated Date : 12/18/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,727 sqft
  • Baths : 2 full , 1 half
Listing Agent

Casa Real Realty

Listing Agent's Description

LOCATION LOCATION LOCATION...........Beautiful well maintained home ready for a new family its a MUST see!!! This home is centrally located with easy access to 20.

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: Mountain Creek Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Mountain Creek Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9451842

* 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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,217
Property Tax -$782
Property Insurance -$185
HOA -$17
Property Management Fees -$99
CASH FLOW
-$200

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.

$329,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.64%

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

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,507

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,120

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9953$2,1004$2,1955$2,270
$2,270
RENT COMPS ANALYSIS
  • 8463 Creekbluff Drive Dallas, TX 3
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 8441 Little Fawn Lane Dallas, TX 1
    • 4 beds 2 baths ∙ 2,579 Sqft ∙ Built 2007 4 beds 2 baths ∙ 2,579 Sqft ∙ Built 2007
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.72
    •  
  • 6415 Canyon Lake Drive Dallas, TX 2
    • 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
    •  
  • 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
    •  
  • 5624 Paladium Drive Dallas, TX 5
    • 4 beds 3 baths ∙ 3,028 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,028 Sqft ∙ Built 2006
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.75
    •  
PROPERTY LISTING DETAILS
Brenda Barajas
Casa Real Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482618
Last Updated: 12/18/2020
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