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959 Barrymore Lane Duncanville, TX 75137

4 Beds 3 Baths 2,561 sqft Built 2005

$295,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $115.19
  • 8 Days on Market
  • MLS # : 14505601
  • Updated Date : 01/26/2021 at 00:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,561 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Sunet Group

Listing Agent's Description

Spacious Home in Duncanville! Easy access to major freeways, within 20 minutes to downtown Dallas, near shopping, dining, and groceries. This is two stories home features 2 Living areas, a wood-burning Fire Place, 4 bedrooms, 2 and a half baths, Game Room, Home Office(could be a Den), new laminate wood-like floor, brand new carpet, 2 inch wide blinds, upgraded Granite Countertop, fresh paint inside out, new wood fence, roof replaced in Sept. 2018, and much more…

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: Hollywood Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $87k243k

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

Neighborhood: Hollywood Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8741734

* 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
Merrifield Elementary School Primary Regular 550 31 4
Reed Middle School Middle Regular 567 37 3
Duncanville High School High Regular 3,923 238 3

Merrifield Elementary School

  • Education Level: Primary
  • # of students: 550
  • # of teachers: 31
4
GreatSchools Rating

Reed Middle School

  • Education Level: Middle
  • # of students: 567
  • # of teachers: 37
3
GreatSchools Rating

Duncanville High School

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

$265,500$324,500$295,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,025
Property Tax -$719
Property Insurance -$175
Property Management Fees -$99
CASH FLOW
-$118

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.

$295,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.64%

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) 8.00%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,870

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,9003$2,450
$2,450
RENT COMPS ANALYSIS
  • 959 Barrymore Lane Duncanville, TX 2
    • 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,561 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
  • 4033 Preferred Place Dallas, TX 1
    • 3 beds 3 baths ∙ 2,534 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,534 Sqft ∙ Built 2007
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.51
    •  
  • 314 Swan Ridge Place Duncanville, TX 3
    • 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 2005
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.95
    •  
PROPERTY LISTING DETAILS
Linda Lieu
Century 21 Sunet Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505601
Last Updated: 01/26/2021
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