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9200 Dillon Trail Irving, TX 75063

3 Beds 3 Baths 2,633 sqft Built 2006

$449,990

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $170.90
  • 6 Days on Market
  • MLS # : 14472769
  • Updated Date : 11/17/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,633 sqft
  • Baths : 2 full , 1 half
Listing Agent

Malkison Realty

Listing Agent's Description

A BEAUTIFUL 2 STORY BRICK HOME FEATURING 3 BEDROOMS, 2.5 BATHS, 2 LIVING AREAS, 1 DINING AREA AND 2 CAR GARAGE. AMENITIES INCLUDE COOKTOP RANGE, BUILT IN OVEN, MICROWAVE AND DISHWASHER, FULL SIZED WASHER-DRYER CONNECTIONS, CEILING FANS, ALARM SYSTEM, FIREPLACE, PATIO ENCLOSED BY A WOODEN FENCED YARD AND MUCH MORE.

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: Stonecrest

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $107k423k

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

Neighborhood: Stonecrest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10432548

* 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
Valley Ranch Elementary School Primary Regular 638 37 10
Coppell Middle East Middle Regular 905 55 10
Coppell High School High Regular 3,136 192 8

Valley Ranch Elementary School

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 37
10
GreatSchools Rating

Coppell Middle East

  • Education Level: Middle
  • # of students: 905
  • # of teachers: 55
10
GreatSchools Rating

Coppell High School

  • Education Level: High
  • # of students: 3,136
  • # of teachers: 192
8
GreatSchools Rating
 

$404,991$494,989$449,990

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,660
Property Tax -$994
Property Insurance -$179
HOA -$75
Property Management Fees -$99
CASH FLOW
-$518

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.

$449,990

PROJECTED PRICE

$2,490

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,997

INVESTMENT

$124,997

Down Payment
$112,498
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,498
Loan Amount $337,493
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,541

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4903$2,4954$2,5005$2,595
$2,595
RENT COMPS ANALYSIS
  • 9200 Dillon Trail Irving, TX 2
    • 3 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.95
    •  
  • 9124 Dillon Trail Irving, TX 1
    • 3 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.91
    •  
  • 9615 Windy Hollow Drive Irving, TX 3
    • 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 1993
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.98
    •  
  • 1435 Ranch Hill Drive Irving, TX 4
    • 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 1996
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.96
    •  
  • 9416 Abbey Road Irving, TX 5
    • 4 beds 4 baths ∙ 2,580 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,580 Sqft ∙ Built 1990
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.01
    •  
PROPERTY LISTING DETAILS
Roy Malkison
Malkison Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472769
Last Updated: 11/17/2020
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