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9131 Sweetwater Drive 
Dallas, TX
75228
3 Beds 2 Baths 2,082 sqft
Built 1982
INVESTimate
$319,900
List Price
$90,524
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PROPERTY INFO
FACTS
- Built In 1982
- Price/Sqft : $153.65
- 3 Days on Market
- MLS # : 14417378
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,082 sqft
- Baths : 2 full
Listing Agent
Ebby Halliday, Realtors
Listing Agent's Description
Some new updates include granite in both bath rooms, new sinks and fixtures. A must to come and see. Fresh New paint on both front porch and back patio. Some new electrical lighting. This home has a great floor plan. Large living area with build in shelving and a beautiful fire place with windows and doors over looking great patio. The extra large Master Bedroom has a large sitting area and a wood burning fireplace. French doors lead onto side yard from the Master bedroom. Open the doors and enjoy the fresh air. Kitchen has lots of cabinets, tile counter tops, double ovens, and a barely used glass cook top and microwave. This home is ready for it's new owner.
SEE MORE
- . 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: Northeast Dallas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Northeast Dallas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,180 |
| Property Tax | -$758 | |
| Property Insurance | -$148 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$315
|
||
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.
$319,900
PROJECTED PRICE
$1,870
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 12.81% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,524
LOAN DETAILS
$1,180
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
0.5
YEARS SAVED
$708
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,895
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
9131 Sweetwater Drive Dallas, TX 3
- 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,082 Sqft ∙ Built 1982
![property image]()
- Rent
- Rent Per SQFT
- $1,870
- $0.90
-
2936 Green Meadow Drive Dallas, TX 1
- 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,962 Sqft ∙ Built 1962
![property image]()
LEASED 08/19/20- Rent
- Rent Per SQFT
- $1,650
- $0.84
-
2116 Meadow Way Court Dallas, TX 2
- 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1988
![property image]()
LEASED 10/06/19- Rent
- Rent Per SQFT
- $1,700
- $0.84
-
8524 Grumman Drive Dallas, TX 4
- 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 1976
![property image]()
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,900
- $0.97
-
6134 N Jim Miller Road Dallas, TX 5
- 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1964
![property image]()
LEASED 08/26/19- Rent
- Rent Per SQFT
- $2,000
- $0.99
PROPERTY LISTING DETAILS
Ebby Halliday, Realtors
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14417378
Last Updated: 08/25/2020
