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9209 Metz Avenue Dallas, TX 75232

4 Beds 2 Baths 1,609 sqft Built 2014

$215,990

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $134.24
  • 3 Days on Market
  • MLS # : 14535590
  • Updated Date : 03/19/2021 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,609 sqft
  • Baths : 2 full
Listing Agent

Social Realty, Llc

Listing Agent's Description

Beautifully upgraded 4 bedroom home in up and coming Dallas neighborhood. Grand entryway, open living area, hand scraped wood floors, large gourmet kitchen, quartz counter tops, stainless steel applicances, updated luxury vinyl plank flooring; spacious Master retreat, 3 large secondary bedrooms; plenty of room to play and entertain in the beautiful, large yard with concrete pad, large shed, and carport. Truly one of a kind home!

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: Oak Cliff

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k243k

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

Neighborhood: Oak Cliff

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8561734

* 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
Martin Weiss Elementary School Primary Regular 515 35 3
William Hawley Atwell Law Academy Middle Magnet 834 68 2
David W. Carter High School High Regular 1,040 64 2

Martin Weiss Elementary School

  • Education Level: Primary
  • # of students: 515
  • # of teachers: 35
3
GreatSchools Rating

William Hawley Atwell Law Academy

  • Education Level: Middle
  • # of students: 834
  • # of teachers: 68
2
GreatSchools Rating

David W. Carter High School

  • Education Level: High
  • # of students: 1,040
  • # of teachers: 64
2
GreatSchools Rating
 

$194,391$237,589$215,990

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$750
Property Tax -$512
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
$48

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.

$215,990

PROJECTED PRICE

$1,530

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.3%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,987

INVESTMENT

$62,987

Down Payment
$53,998
Rehab Estimate
$5,750
Closing Costs
$3,240

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$750

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,998
Loan Amount $161,993
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$11,790

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,553

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,3953$1,4754$1,5305$1,545
$1,545
RENT COMPS ANALYSIS
  • 9209 Metz Avenue Dallas, TX 4
    • 4 beds 2 baths ∙ 1,609 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,609 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.95
    •  
  • 9320 Newhall Street Dallas, TX 1
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2005
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.98
    •  
  • 123 Idlewheat Lane Dallas, TX 2
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 2005
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.94
    •  
  • 8010 Cassie Ann Court Dallas, TX 3
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 2004
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.93
    •  
  • 7955 Kansas Avenue Dallas, TX 5
    • 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2005
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.01
    •  
PROPERTY LISTING DETAILS
Amira Allan
Social Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535590
Last Updated: 03/19/2021
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