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926 Sunset Avenue Dallas, TX 75208

3 Beds 2 Baths 1,458 sqft Built 2002

INVESTimate

$327,778

List Price

$1,990

$1,791 - $2,189

Rent Est.

$377,338  ( +15.12%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $224.81
  • 2 Days on Market
  • MLS # : 14420072
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,458 sqft
  • Baths : 2 full
Listing Agent

Homelister, Inc.

Listing Agent's Description

A newer, turn key home, which is perfectly located between Bishop Arts and Winnetka Heights. It has a large front porch, fully fenced back yard and a detached 2 car garage. The beautiful master bedroom and bath, gets plenty of natural light, and has a garden tub with a separate shower. The kitchen has plenty of cabinets and a large island bar which open to a spacious living area. The This home has been recently updated, wood laminate floors through out and recently replaced AC Heat system, microwave and garbage disposal.

SEE MORE

MARKET HIGHLIGHTS

  • . 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: North Oak Cliff

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $88k349k

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

Neighborhood: North Oak Cliff

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7311826

* 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
Rosemont Elementary And International Language Preparatory Middle School Primary Regular 475 29 6
W.e. Greiner Exploratory Arts Academy Middle Magnet 1,542 98 8
Sunset High School High Regular 2,078 123 4

Rosemont Elementary And International Language Preparatory Middle School

  • Education Level: Primary
  • # of students: 475
  • # of teachers: 29
6
GreatSchools Rating

W.e. Greiner Exploratory Arts Academy

  • Education Level: Middle
  • # of students: 1,542
  • # of teachers: 98
8
GreatSchools Rating

Sunset High School

  • Education Level: High
  • # of students: 2,078
  • # of teachers: 123
4
GreatSchools Rating
 

$295,000$360,556$327,778

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,209
Property Tax -$951
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
-$380

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.

$327,778

PROJECTED PRICE

$1,990

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 15.12%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,611

INVESTMENT

$92,611

Down Payment
$81,945
Rehab Estimate
$5,750
Closing Costs
$4,917

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,209

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,945
Loan Amount $245,834
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1.36

    LIST RENT PER SQFT
  • $2,005

    COMP ESTIMATED VALUE
  • $1.38

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9903$1,9954$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 926 Sunset Avenue Dallas, TX 2
    • 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,458 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.36
    •  
  • 2715 Alden Avenue Dallas, TX 1
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1984
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.28
    •  
  • 2522 Kingston Street Dallas, TX 3
    • 4 beds 2 baths ∙ 1,674 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,674 Sqft ∙ Built 2015
    LEASED 05/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.19
    •  
  • 971 Bassett Place Dallas, TX 4
    • 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2015
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.50
    •  
  • 669 Culpepper Place Dallas, TX 5
    • 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,798 Sqft ∙ Built 2015
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.53
    •  
PROPERTY LISTING DETAILS
David Montalvo
Homelister, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420072
Last Updated: 08/25/2020
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