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9106 La Strada Court Dallas, TX 75220

3 Beds 4 Baths 3,806 sqft Built 2000

$749,000

List Price

$3,950

$3.7K - $4.2K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $196.79
  • 6 Days on Market
  • MLS # : 14426215
  • Updated Date : 01/12/2021 at 11:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,806 sqft
  • Baths : 4 full
Listing Agent

Dave Perry Miller Real Estate

Listing Agent's Description

Stunning Mediterranean villa in gated La Strada Court. The exterior of this home is embellished w lush landscaping, patios & fountains. Inside, a recent refresh yieIds a clean, neutral backdrop for entertaining. Entry w soaring ceilings opens to both the living rm, w fireplace and built-ins & a well-appointed kitchen. Kitchen amenities: bar, double ovens, built-in refrigerator, gas cooktop, wine cooler, abundant cabinet storage & adjacent dining room. Primary suite is located down and boasts sep water closets and vanities; jetted tub; large shower & spacious closet. Also down is a private office w full hall BA as well as a sep laundry room. Upstairs is a living rm & 2 ensuite BRs.

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: La Strada

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $88k784k

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

Neighborhood: La Strada

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9454241

* 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
Walnut Hill Elementary School Primary Regular 375 31 10
Edward H. Cary Middle School Middle Regular 587 39 3
Thomas Jefferson High School High Regular 1,719 100 3

Walnut Hill Elementary School

  • Education Level: Primary
  • # of students: 375
  • # of teachers: 31
10
GreatSchools Rating

Edward H. Cary Middle School

  • Education Level: Middle
  • # of students: 587
  • # of teachers: 39
3
GreatSchools Rating

Thomas Jefferson High School

  • Education Level: High
  • # of students: 1,719
  • # of teachers: 100
3
GreatSchools Rating
 

$674,100$823,900$749,000

PURCHASE PRICE

$3,555$4,345$3,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$2,602
Property Tax -$1,776
Property Insurance -$247
HOA -$125
Property Management Fees -$99
CASH FLOW
-$899

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.

$749,000

PROJECTED PRICE

$3,950

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.5%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,602

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$77

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,950

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $4,662

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$3,950
1$3,9502$4,2003$4,850
$4,850
RENT COMPS ANALYSIS
  • 9106 La Strada Court Dallas, TX 1
    • 3 beds 4 baths ∙ 3,806 Sqft ∙ Built 2000 3 beds 4 baths ∙ 3,806 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.04
    •  
  • 3859 Cortez Drive Dallas, TX 2
    • 4 beds 5 baths ∙ 3,606 Sqft ∙ Built 2019 4 beds 5 baths ∙ 3,606 Sqft ∙ Built 2019
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.16
    •  
  • 9107 Cochran Bluff Lane Dallas, TX 3
    • 4 beds 4 baths ∙ 3,758 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,758 Sqft ∙ Built 2011
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,850
    • $1.29
    •  
PROPERTY LISTING DETAILS
Paige Elliott
Dave Perry Miller Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14426215
Last Updated: 01/12/2021
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