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9015 Windy Crest Drive Dallas, TX 75243

4 Beds 3 Baths 2,589 sqft Built 1981

$535,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $206.64
  • 3 Days on Market
  • MLS # : 14514177
  • Updated Date : 02/13/2021 at 12:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,589 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Refreshed and ready for move-in! This gorgeous home is light and bright with an open floor plan, expansive living areas, and hardwoods throughout. Impressive kitchen with ample storage and prep space and features crisp white cabinetry, quartz countertops. Exemplary Moss Haven Elementary. Near YMCA. Full roof replacement, Revamped, and garage door replaced (Feb 2021). Beautifully landscaped yard and covered patio.

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: Lake Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $88k368k

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

Neighborhood: Lake Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9452549

* 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
Forest Meadow Junior High School Middle Regular 795 52 4
Lake Highlands High School High Regular 1,707 112 5
Forest Meadow Junior High School Middle Unknown NA

Forest Meadow Junior High School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 52
4
GreatSchools Rating

Lake Highlands High School

  • Education Level: High
  • # of students: 1,707
  • # of teachers: 112
5
GreatSchools Rating

Forest Meadow Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$1,858
Property Tax -$1,269
Property Insurance -$177
Property Management Fees -$99
CASH FLOW
-$463

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.

$535,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 5.8%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

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$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,202

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,686

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,6254$2,9405$2,995
$2,995
RENT COMPS ANALYSIS
  • 9015 Windy Crest Drive Dallas, TX 4
    • 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $1.14
    •  
  • 9518 Timberleaf Drive Dallas, TX 1
    • 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,456 Sqft ∙ Built 1971
    property image
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 8838 Forest Green Drive Dallas, TX 2
    • 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,393 Sqft ∙ Built 1973
    property image
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.00
    •  
  • 9368 Hunters Creek Drive Dallas, TX 3
    • 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,404 Sqft ∙ Built 1969
    property image
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,625
    • $1.09
    •  
  • 9039 Woodhurst Drive Dallas, TX 5
    • 3 beds 2 baths ∙ 2,684 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,684 Sqft ∙ Built 1980
    property image
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.12
    •  
PROPERTY LISTING DETAILS
Kevin Curran
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514177
Last Updated: 02/13/2021
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