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2 Separate Dallas Opportunities! [code1012] [code 1024]

Posted by Powered by Simply Do It on February 11, 2022
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Property #1
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  • 3 bedroom 2 bath home
  • Highly sought after neighborhood
  • Fenced large backyard
  • Price dropped by $1k in November 2021
  • No (low) crime area
  • Hard flooring/carpet throughout
  • Granite countertops
  • Been on the market for 155 days
  • located towards the end of a cul de sac street
  • Attached 2-car garage
  • 5,924 square foot lot

Why should you consider this house / what makes it a good investment?

  • Built: 2005
  • Size: 1,684  sq ft
  • Quiet residential street, Desirable community, good schools

What's next?

Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: Dallas

Team: Lindsay/Jeana – email directly at dfw1@simplydoit.net

Code: 1012

Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1684
 Year Built 2005
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $288,000
Suggested offer (low) $288,000
Suggested offer (high) $288,000
Asking $288,000
Market Value (after improvements) $288,000
Improvements (lower) $2,500
Improvements (upper) $2,500
Closing Costs $2,880
Mortgage Costs $2,880
Other Fees At Closing $0
Total Cost  $296,260

Financing Assumptions  
 Down Payment (%) 25%
 Down Payment Amount $72,000
 Financed Amount $216,000
 Interest Rate 3.875%
 Mortgage Term (Years) 30
 Monthly Mortgage Payment $1,016
 Cash Outlay (Total Out of Pocket) $80,260

Financial Assumptions Monthly Yearly
Rent (upper) $2,050 $2,100 $25,200
Rent (lower) $2,000 $24,000
 Property Tax Rate (Approx.) 2.7%  
 Property Taxes $469 $5,628
 Insurance $95 $1,140
 Repairs $75 $900
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $68.3 $820
 HOA $30 $360
 Vacancy Rate 4.0%  
 Total Fixed Expenses $915 $10,984
 Total Expenses (Fixed + Mortgage) $1,931 $23,173

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.5% 3.4% 4.4% 5.4%
 Net Cash Flow $9,915 $27,206 $52,639 $87,062
 Equity Increase $83,426 $184,859 $308,185 $458,130
 Total Gain $93,342 $212,065 $360,824 $545,192
           
 Average Cash Flow/Year $1,983 $2,721 $3,509 $4,353
 Average Cash Flow/Month $165 $227 $292 $363
 Average Gain/Year $18,668 $21,207 $24,055 $27,260
 Average ROI 116.3% 264.2% 449.6% 679.3%
 Annual ROI 23.3% 26.4% 30.0% 34.0%
 Projected Property Value $350,396 $426,310 $518,672 $631,043

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 1684 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 2005 FAVORABLE
 Rent/Price (%)   0.75% 0.73% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $165 FAVORABLE
 Average ROI (at year 5) 15% 23.3% FAVORABLE

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Property #2

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  • 3 bedroom 2 bath home
  • Highly sought after neighborhood
  • Fenced large backyard with covered patio
  • Seller would like to lease back until March 31st
  • No (low) crime area
  • Over $310/mo. cash flow
  • Hard flooring/carpet throughout
  • Just listed today!
  • Attached 2-car garage
  • 5,663 square foot lot

Why should you consider this house / what makes it a good investment?

  • Built: 2006
  • Size: 1,564  sq ft
  • Quiet residential street, Desirable community, good schools

What's next?

Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

Metro: Dallas

Team: Lindsay/Jeana – email directly at dfw1@simplydoit.net

Code: 1024

Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1564
 Year Built 2006
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $305,000
Suggested offer (low) $289,900
Suggested offer (high) $305,000
Asking $289,900
Market Value (after improvements) $305,000
Improvements (lower) $1,500
Improvements (upper) $1,500
Closing Costs $2,500
Mortgage Costs $2,500
Other Fees At Closing $0
Total Cost  $311,500

Financial Assumptions Monthly Yearly
Rent (upper) $2,200 $2,300 $27,600
Rent (lower) $2,100 $25,200
 Property Tax Rate (Approx.) 2.1%  
 Property Taxes $405 $4,860
 Insurance $100 $1,200
 Repairs $75 $900
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $73.3 $880
 HOA $28 $336
 Vacancy Rate 4.0%  
 Total Fixed Expenses $865 $10,384
 Total Expenses (Fixed + Mortgage) $1,941 $23,292

Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 4.5% 5.6% 6.7% 7.9%
 Net Cash Flow $18,808 $46,291 $83,351 $130,987
 Equity Increase $88,351 $195,772 $326,378 $485,174
 Total Gain $107,159 $242,062 $409,729 $616,160
           
 Average Cash Flow/Year $3,762 $4,629 $5,557 $6,549
 Average Cash Flow/Month $313 $386 $463 $546
 Average Gain/Year $21,432 $24,206 $27,315 $30,808
 Average ROI 129.5% 292.5% 495.1% 744.6%
 Annual ROI 25.9% 29.3% 33.0% 37.2%
 Projected Property Value $371,079 $451,475 $549,288 $668,293

Property Ratings Suggestions
 Item      Suggested Criteria (Min.) This Property FAVORABLE /
INSUFFICIENT
 Schools     B B FAVORABLE
 Square Feet   1000 1564 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 2006 FAVORABLE
 Rent/Price (%)   0.75% 0.75% FAVORABLE
 Average Cash Flow (at year 5) $125 $313 FAVORABLE
 Average ROI (at year 5) 15% 25.9% FAVORABLE

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Disclaimer

Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.

The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info. 

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