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9142 Rock Daisy Court Dallas, TX 75231

4 Beds 4 Baths 2,649 sqft Built 2019

INVESTimate

$549,000

List Price

$4,050

$3,800 - $4,300

Rent Est.

$602,747  ( +9.79%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
FACTS
  • Built In 2019
  • Price/Sqft : $207.25
  • 10 Days on Market
  • MLS # : 14415107
  • Updated Date : 08/21/2020 at 13:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,649 sqft
  • Baths : 3 full , 1 half
Listing Agent

David M. Weekley

Listing Agent's Description

New David Weekley Home in The Reserve at White Rock. Minutes from the Lake and Lake Highlands Town Center, David Weekley is building single family homes in a small 17 home private community. The home features a first floor Owner's Retreat, three secondary Bedrooms, a private study, secondary Living area that creates the generously sized open floor plan with GE Monogram appliances. Ask about our 1-2-10 year Warranty and SAVE BIG with our Energy Saver Program!

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: Merriman Park North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $102k500k

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

Neighborhood: Merriman Park North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200Rent in $9473265

* 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
Merriman Park Elementary School Primary Regular 518 33 6
Merriman Park Elementary School Middle Regular 518 33 6
Lake Highlands High School High Regular 1,707 112 5

Merriman Park Elementary School

  • Education Level: Primary
  • # of students: 518
  • # of teachers: 33
6
GreatSchools Rating

Merriman Park Elementary School

  • Education Level: Middle
  • # of students: 518
  • # of teachers: 33
6
GreatSchools Rating

Lake Highlands High School

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

$494,100$603,900$549,000

PURCHASE PRICE

$3,645$4,455$4,050

RENT

DOWN PAYMENT
FINANCING

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$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,050
EXPENSES Loan Payment -$2,026
Property Tax -$1,302
Property Insurance -$180
HOA -$142
Property Management Fees -$99
CASH FLOW
$302

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$549,000

PROJECTED PRICE

$4,050

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.79%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,485

INVESTMENT

$147,485

Down Payment
$137,250
Rehab Estimate
$2,000
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$60,061

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,050

    LIST RENT
  • $1.53

    LIST RENT PER SQFT
  • $3,991

    COMP ESTIMATED VALUE
  • $1.51

    COMP AVG. RENT PER SQFT
Comps Range
$3,650
1$3,6502$3,7003$3,8004$4,050
$4,050
RENT COMPS ANALYSIS
  • 9142 Rock Daisy Court Dallas, TX 4
    • 4 beds 4 baths ∙ 2,649 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,649 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $4,050
    • $1.53
    •  
  • 7827 Verona Place Dallas, TX 1
    • 3 beds 4 baths ∙ 2,507 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,507 Sqft ∙ Built 2018
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.46
    •  
  • 8202 Milroy Lane Dallas, TX 2
    • 3 beds 3 baths ∙ 2,340 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,340 Sqft ∙ Built 2018
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.58
    •  
  • 7055 Winchester Street Dallas, TX 3
    • 3 beds 4 baths ∙ 2,573 Sqft ∙ Built 2008 3 beds 4 baths ∙ 2,573 Sqft ∙ Built 2008
    LEASED 04/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.48
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415107
Last Updated: 08/21/2020
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