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

928 Red Bud Drive Duncanville, TX 75137

3 Beds 2 Baths 1,406 sqft Built 2020

$275,000

List Price

$770

$693 - $847

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $195.59
  • 3 Days on Market
  • MLS # : 14471331
  • Updated Date : 11/13/2020 at 17:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,406 sqft
  • Baths : 2 full
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

Beautiful and spacious home on a oversized half acre lot!! Home features consists of open floor plan, walk in master closet, backyard patio deck that overlooks the back yard. Take advantage of this amazing opportunity just in time for the new homeowner to pick out the finishes.

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: Red Bud Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $57k243k

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

Neighborhood: Red Bud Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6081734

* 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
Brandenburg Intermediate School Primary Regular 540 34 4
Byrd Middle School Middle Regular 786 48 5
Duncanville High School High Regular 3,923 238 3

Brandenburg Intermediate School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 34
4
GreatSchools Rating

Byrd Middle School

  • Education Level: Middle
  • # of students: 786
  • # of teachers: 48
5
GreatSchools Rating

Duncanville High School

  • Education Level: High
  • # of students: 3,923
  • # of teachers: 238
3
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$693$847$770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $770
EXPENSES Loan Payment -$1,015
Property Tax -$670
Property Insurance -$108
Property Management Fees -$99
CASH FLOW
-$1,122

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$275,000

PROJECTED PRICE

$770

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.0%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,875

INVESTMENT

$74,875

Down Payment
$68,750
Rehab Estimate
$2,000
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$6,585

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $770

    LIST RENT
  • $0.55

    LIST RENT PER SQFT
  • $787

    COMP ESTIMATED VALUE
  • $0.56

    COMP AVG. RENT PER SQFT
Comps Range
$770
1$7702$975
$975
RENT COMPS ANALYSIS
  • 928 Red Bud Drive Duncanville, TX 1
    • 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,406 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $770
    • $0.55
    •  
  • 1018 Mansfield Lane Duncanville, TX 2
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2006
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $0.56
    •  
PROPERTY LISTING DETAILS
Perla Vazquez
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471331
Last Updated: 11/13/2020
BESbswy