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North Dallas with DOM 120+ = an opp [code: 7205]

Posted by Powered by Simply Do It on January 18, 2022
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Why Consider this one:
  • Owned by a RE corporation (not an person)
  • 120+ days on market w/ a only one small price drop
  • Market value: $317k
  • SDI suggested offer: $305k (you can try to be even more aggressive)
  • Cashflow works even with current asking price

About the property/area
  • Property has been on the market for over 120+ days.  Great opportunity for negotiation! 
  • Photos are virtually staged
  • Located in Good local school district
  • Fully fenced large back yard.  Perfect for families and pets
  • No (low) crime area
  • 6600 sq. foot lot
  • Built: 1977

 

What's next?

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

Metro: DFW

Team: Lindsay – email the agent directly: dfw1@simplydoit.net

Code: 7205



Financial Analysis / Deal Attractiveness  
Years: 5 10
 Cap Rate 3.5% 4.5%
 Net Cash Flow $15,409 $38,837
 Equity Increase $91,814 $202,913
 Total Gain $107,223 $241,750
     
 Average Cash Flow/Year $3,082 $3,884
 Average Cash Flow/Month $257 $324
 Average Gain/Year $21,445 $24,175
 Average ROI 122.9% 277.1%
 Annual ROI 24.6% 27.7%
 Projected Property Value $383,246 $466,277



Property Specifications 1
 Bedrooms 3
 Bathrooms 2
 Square Feet 1711
 Year Built 1977
 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) $315,000
Asking $317,000
Market Value (after improvements) $315,000
Improvements (lower) $3,500
Improvements (upper) $6,500
Closing Costs $3,000
Mortgage Costs $3,000
Other Fees At Closing $0
Total Cost  $316,000


Financial Assumptions Monthly Yearly
Rent (upper) $2,050 $2,150 $25,800
Rent (lower) $1,950 $23,400
 Property Tax Rate (Approx.) 2.1%  
 Property Taxes $385 $4,620
 Insurance $110 $1,320
 Repairs $75 $900
Variable-Cost PM Flat Fee  
Property Management Fee $100 $1,200
 Leasing Fee 80% $68.3 $820
 HOA $0 $0
 Vacancy Rate 4.0%  
 Total Fixed Expenses $816 $9,796
 Total Expenses (Fixed + Mortgage) $1,844 $22,122


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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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