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9115 Cochran Bluff Lane Dallas, TX 75220

4 Beds 4 Baths 3,378 sqft Built 2012

$699,000

List Price

$4,450

$4.2K - $4.7K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $206.93
  • 6 Days on Market
  • MLS # : 14501802
  • Updated Date : 01/18/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,378 sqft
  • Baths : 4 full
Listing Agent

Compass Re Texas, Llc.

Listing Agent's Description

This meticulous property in the gated Enclave at Bluffview neighborhood boasts the best of traditional design with a versatile floor plan. This graceful residence enjoys beautiful hardwood floors, an open floor plan with a chef's kitchen open to a two story living room, first floor master suite with 3 additional guest rooms upstairs, two living areas, a media room and first floor office. The property features one of the larger yards in the community with an open patio and 8-foot board-on-board fence for privacy. This small development is gated and offers an ideal lock-and-leave scenario for traveling executives and those who split their time between second homes. Lovely floor plan + impeccably well maintained.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Neighborhood: Enclave at Bluffview

NeighborhoodNIR Market*CityMarket2010Year20002019100k200k300k400k500k600k700k800k900k1000k1100kPrice in $88k1163k

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

Neighborhood: Enclave at Bluffview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000150020002500300035004000Rent in $9454437

* 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
K. B. Polk Center For Academically Talented And Gifted School Primary Magnet 545 36 6
Edward H. Cary Middle School Middle Regular 587 39 3
Thomas Jefferson High School High Regular 1,719 100 3

K. B. Polk Center For Academically Talented And Gifted School

  • Education Level: Primary
  • # of students: 545
  • # of teachers: 36
6
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
 

$629,100$768,900$699,000

PURCHASE PRICE

$4,005$4,895$4,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,450
EXPENSES Loan Payment -$2,428
Property Tax -$1,657
Property Insurance -$222
HOA -$200
Property Management Fees -$99
CASH FLOW
-$157

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.

$699,000

PROJECTED PRICE

$4,450

PROJECTED RENT

0.64%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$15,738

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,450

    LIST RENT
  • $1.32

    LIST RENT PER SQFT
  • $4,459

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$4,200
1$4,2002$4,4503$4,8004$4,950
$4,950
RENT COMPS ANALYSIS
  • 9115 Cochran Bluff Lane Dallas, TX 2
    • 4 beds 4 baths ∙ 3,378 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,378 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $4,450
    • $1.32
    •  
  • 3859 Cortez Drive Dallas, TX 1
    • 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
    •  
  • 4818 Wateka Drive Dallas, TX 3
    • 4 beds 3 baths ∙ 3,415 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,415 Sqft ∙ Built 2018
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,800
    • $1.41
    •  
  • 13 Cochran Oaks Lane Dallas, TX 4
    • 4 beds 4 baths ∙ 3,561 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,561 Sqft ∙ Built 2001
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,950
    • $1.39
    •  
PROPERTY LISTING DETAILS
Julie Provenzano
Compass Re Texas, Llc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501802
Last Updated: 01/18/2021
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