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9146 Cochran Heights Drive 
Dallas, TX
75220
3 Beds 3 Baths 2,926 sqft
Built 1981
INVESTimate
$639,000
List Price
$175,085
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PROPERTY INFO
FACTS
- Built In 1981
- Price/Sqft : $218.39
- 3 Days on Market
- MLS # : 14415752
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,926 sqft
- Baths : 2 full , 1 half
Listing Agent
Compass Re Texas, Llc.
Listing Agent's Description
This meticulously updated Bluffview home was completely renovated in 2018. This light-filled property boasts tall ceilings, three generous bedrooms and a bonus space, perfect for a home office or gym. The first floor primary bedroom suite has an oversized bathroom with separate tub and shower and two walk-in closets. The home has three outdoor spaces, including a built-in grill off the kitchen, a zen garden outside of the primary bedroom and a stunningly landscaped backyard oasis with a deck, pergola and turf.
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: Cochran Hollow
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cochran Hollow
* 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 | $3,120 |
| EXPENSES | Loan Payment | -$2,358 |
| Property Tax | -$1,515 | |
| Property Insurance | -$196 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1,048
|
||
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.
$639,000
PROJECTED PRICE
$3,120
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.74% |
| Appreciation Year (1-5) | 8.51% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.69% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$175,085
LOAN DETAILS
$2,358
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $159,750 |
| Loan Amount | $479,250 |
-0.08
YEARS SAVED
-$3
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,120
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$3,618
COMP ESTIMATED VALUE -
$1.24
COMP AVG. RENT PER SQFT
Comps Range
-
9146 Cochran Heights Drive Dallas, TX 2
- 3 beds 3 baths ∙ 2,926 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,926 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $3,120
- $1.07
-
9106 Chapel Valley Road Dallas, TX 1
- 3 beds 3 baths ∙ 2,905 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,905 Sqft ∙ Built 1985
![property image]()
LEASED 04/07/20- Rent
- Rent Per SQFT
- $2,950
- $1.02
-
10141 Fieldfare Court Dallas, TX 3
- 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,858 Sqft ∙ Built 1971
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $3,600
- $1.26
-
5728 Surrey Square Lane Dallas, TX 4
- 3 beds 3 baths ∙ 3,185 Sqft ∙ Built 1967 3 beds 3 baths ∙ 3,185 Sqft ∙ Built 1967
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $4,550
- $1.43
PROPERTY LISTING DETAILS
Compass Re Texas, Llc.
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14415752
Last Updated: 08/25/2020
