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Dallas New Build in Gated Community [code: 2500]

Posted by Powered by Simply Do It on February 15, 2022
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  • 3 bedroom 2 bath single family residence
  • Highly sought after neighborhood in Ft. Worth suburb
  • Brand new build in rapidly growing community
  • No (low) crime area
  • Over $160/mo. cash flow
  • Hardwood flooring throughout
  • Private gated community 
  • 2 car attached garage
  • Full home warranty for 1 full year
  • 2 year warranty on plumbing and electrical
  • Covered outdoor sitting area that opens to the large yard
  • 2,178 square foot lot

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

  • Built: 2022
  • Size: 1,511  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 – email directly at dfw1@simplydoit.net

Code: 2500

Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1511
 Year Built 2022
 Garage Size 2
 Schools Rating (on scale of A-F) B

Purchase Assumptions My Offer
Offer used for analysis $305,000
Suggested offer (low) $305,000
Suggested offer (high) $305,000
Asking $305,000
Market Value (after improvements) $305,000
Improvements (lower) $1,000
Improvements (upper) $1,000
Closing Costs $3,050
Mortgage Costs $3,050
Other Fees At Closing $0
Total Cost  $312,100

Financial Assumptions Monthly Yearly
Rent (upper) $2,050 $2,100 $25,200
Rent (lower) $2,000 $24,000
 Property Tax Rate (Approx.) 1.5%  
 Property Taxes $375 $4,500
 Insurance $120 $1,440
 Repairs $75 $900
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $68.3 $820
 HOA $26 $312
 Vacancy Rate 4.0%  
 Total Fixed Expenses $842 $10,108
 Total Expenses (Fixed + Mortgage) $1,934 $23,213


Financial Analysis / Deal Attractiveness        
Years: 5 10 15 20
 Cap Rate 2.4% 3.3% 4.3% 5.4%
 Net Cash Flow $9,892 $27,633 $54,040 $90,016
 Equity Increase $87,931 $195,007 $325,397 $484,178
 Total Gain $97,822 $222,639 $379,437 $574,194
           
 Average Cash Flow/Year $1,978 $2,763 $3,603 $4,501
 Average Cash Flow/Month $165 $230 $300 $375
 Average Gain/Year $19,564 $22,264 $25,296 $28,710
 Average ROI 117.4% 267.1% 455.2% 688.9%
 Annual ROI 23.5% 26.7% 30.3% 34.4%
 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 1511 FAVORABLE
 Bedrooms   3 3 FAVORABLE
 Bathrooms   2 2 FAVORABLE
 Year Built   1970 2022 FAVORABLE
 Rent/Price (%)   0.75% 0.69% INSUFFICIENT
 Average Cash Flow (at year 5) $125 $165 FAVORABLE
 Average ROI (at year 5) 15% 23.5% 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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