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9742 Windham Drive Dallas, TX 75243

4 Beds 3 Baths 2,463 sqft Built 1980

$363,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $147.38
  • 4 Days on Market
  • MLS # : 14465374
  • Updated Date : 11/06/2020 at 21:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,463 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Come see this beautifully remodeled 4 bedroom, 3 bath home with gorgeous new hardwood floorings, custom trim work, smart home updates, and tons of natural light. The eat-in kitchen is the heart of this home and opens to the living room overlooking a backyard oasis with a sparkling pool. Utilize the state of the art projector for an incredible in-home movie experience. The fourth bedroom is large enough to function as a multipurpose gym, office or 2nd master. Perfect for staying in or entertaining, this gem is nestled in a tree-lined neighborhood that backs up to Richland College with walking access to Tennis Courts, Gym, Walking Trails or feeding the ducks along the creek.

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: Country Forest-Jackson Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $88k374k

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

Neighborhood: Country Forest-Jackson Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9452479

* 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
Aikin Elementary School Primary Regular 742 44 4
Aikin Elementary School Middle Regular 742 44 4
Lake Highlands High School High Regular 1,707 112 5

Aikin Elementary School

  • Education Level: Primary
  • # of students: 742
  • # of teachers: 44
4
GreatSchools Rating

Aikin Elementary School

  • Education Level: Middle
  • # of students: 742
  • # of teachers: 44
4
GreatSchools Rating

Lake Highlands High School

  • Education Level: High
  • # of students: 1,707
  • # of teachers: 112
5
GreatSchools Rating
 

$326,700$399,300$363,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,339
Property Tax -$861
Property Insurance -$170
HOA -$10
Property Management Fees -$99
CASH FLOW
-$589

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.

$363,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,945

INVESTMENT

$101,945

Down Payment
$90,750
Rehab Estimate
$5,750
Closing Costs
$5,445

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,339

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,750
Loan Amount $272,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$0

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,063

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,8993$2,0004$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 9742 Windham Drive Dallas, TX 1
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.77
    •  
  • 10135 Rita Road Dallas, TX 2
    • 3 beds 3 baths ∙ 2,413 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,413 Sqft ∙ Built 1978
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.79
    •  
  • 524 Goodwin Drive Richardson, TX 3
    • 4 beds 3 baths ∙ 2,601 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,601 Sqft ∙ Built 1976
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
  • 10103 Shadow Way Dallas, TX 4
    • 3 beds 3 baths ∙ 2,459 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,459 Sqft ∙ Built 1984
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.87
    •  
  • 13145 Halwin Circle Dallas, TX 5
    • 4 beds 4 baths ∙ 2,441 Sqft ∙ Built 1980 4 beds 4 baths ∙ 2,441 Sqft ∙ Built 1980
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.92
    •  
PROPERTY LISTING DETAILS
Justin Martin
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465374
Last Updated: 11/06/2020
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