Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9216 Jason Drive White Settlement, TX 76108

3 Beds 2 Baths 1,808 sqft Built 2006

$225,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $124.45
  • 2 Days on Market
  • MLS # : 14477691
  • Updated Date : 11/28/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,808 sqft
  • Baths : 2 full
Listing Agent

Engel&voelkers Dallas Southlke

Listing Agent's Description

Incredible location awaits you with this darling home located in White Settlement just minutes for I-30 and Hwy 820 along with numerous restaurants, shopping, entertainment and schools. Sense the pride of ownership as you tour this cozy home which features a split bedroom concept. Relax by the fireplace as you enjoy the large living space, open to the formal dining area and breakfast nook. Kitchen is updated with granite countertops, glass mosaic backsplash and dark walnut cabinetry. Enjoy the sunset or a cup of morning coffee on your backyard patio. This beauty is priced to sell, bring us your offer today!

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: Sunview

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Neighborhood: Sunview

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Tannahill Intermediate School Primary Regular 879 49 4
Brewer Middle School Middle Regular 986 55 6
Brewer Middle School High Regular 986 55 6

Tannahill Intermediate School

  • Education Level: Primary
  • # of students: 879
  • # of teachers: 49
4
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer Middle School

  • Education Level: High
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$830
Property Tax -$539
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
$10

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.

$225,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.0%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,588

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6103$1,7004$1,8005$1,845
$1,845
RENT COMPS ANALYSIS
  • 9216 Jason Drive White Settlement, TX 2
    • 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,808 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.89
    •  
  • 9213 Jason Drive White Settlement, TX 1
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 2006
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 9208 Jason Drive White Settlement, TX 3
    • 4 beds 2 baths ∙ 1,668 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,668 Sqft ∙ Built 2007
    property image
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 1216 Judy Street White Settlement, TX 4
    • 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,943 Sqft ∙ Built 2002
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.93
    •  
  • 1104 Doreen Street White Settlement, TX 5
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2002
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jennifer Mendez
Engel&voelkers Dallas Southlke
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477691
Last Updated: 11/28/2020
BESbswy