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DFW SUPER Pack – Rented Package of High-end 4 Properties – Buy 1, more, or all

Dallas Fort Worth, ,
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Rented
SOLD

Overview

  • Updated On:
  • July 1, 2021

Property Description

 

UPDATE [6/7/21 1130AM PST]

  1. Two out of the 4 houses are under contract.
  2. good news – seller accepted the asking price (ie we did not need to go over asking)

What’s the opportunity?

  1. 4 rented properties in a great location of DFW metro.
  2. Properties are located in 4 different suburb cities (they are not located close to each other)

Important

  • Seller prefers 1 buyer but we believe that even 4 buyers will work.
  • Priority will be given to a buyer/s that can buy more than one property

 

Rent and Price Info

Property Code 117N 420B 329T 87T Total
Current rent $3,100 $2,550 $2,650 $2,530 $10,830
Lease expires 8/30/2021 11/30/2021 1/31/2022 8/30/2021
Asking price $384,500 $318,500 $354,500 $380,300 $1,437,800

Reservation list 117N 420B 329T 87T
RESERVED
I. Os.
RESERVED
Ro. W.

 

KNOW BEFORE YOU BUY

SIMPLY DO IT HAS THE FOLLOWING READY FOR YOU TO USE:

  1. A vetted property management company
  2. A vetted and trained Realtor
  3. Investment properties experienced mortgage lender
  4. Recommended insurance agent
  5. Recommended property inspector
  6. Recommended title and escrow

 

Your next step:

Have questions?

Submit an offer?

Send an email to meet@simplydoit.net

 

Locations Map

 

Side-by-side Analysis

Property Code 117N 420B 329T 87T
Bedrooms 5 4 4 4
Bathrooms 4 2 3 3
Square Feet 3487 2359 2917 2729
Year Built 2002 2002 2005 2013
Garage Size 2 2 2 2
Schools Rating (on scale of 0-10) B B B B
Purchase Assumptions
Purchase Price $384,000 $318,500 $354,500 $365,000
Market Value (after improvements) $385,000 $318,500 $354,500 $380,000
Improvements $5,000 $5,000 $5,000 $5,000
Closing Costs $3,500 $3,500 $3,500 $3,500
Mortgage Costs $3,500 $3,500 $3,500 $3,500
Other Fees At Closing $0 $0 $0 $0
Total Cost $396,000 $330,500 $366,500 $377,000

Financing Assumptions

Down Payment (%) 25% 25% 25% 25%
Down Payment Amount $96,000 $79,625 $88,625 $91,250
Financed Amount $288,000 $238,875 $265,875 $273,750
Interest Rate 3.50% 3.50% 3.50% 3.50%
Mortgage Term (Years) 30 30 30 30
Monthly Mortgage Payment $1,293 $1,073 $1,194 $1,229
Cash Outlay (total cost of property) $108,000 $91,625 $100,625 $103,250

Financial Assumptions (monthly)

Rent $3,250 $2,625 $2,725 $2,605
Property Tax Rate (approximate) 2.13% 2.13% 2.13% 2.13%
Property Taxes $682 $565 $629 $648
Insurance $150 $150 $150 $150
Repairs $85 $85 $85 $85
Variable-Cost PM 8.0% 8.0% 8.0% 8.0%
Leasing Fee $108 $88 $91 $87
HOA $0 $28 $0 $38
Vacancy Rate 4.0% 4.0% 4.0% 4.0%
Total Fixed Monthly Expenses $1,251 $1,117 $1,160 $1,208
Total Fixed Annual Expenses $15,011 $13,402 $13,921 $14,499

Analysis Summary (5 yrs)

 Net Cash Flow $47,244 $29,823 $26,094 $13,470
 Equity Increase $90,993 $75,340 $83,856 $88,728
 Total Gain $138,237 $105,163 $109,949 $102,198
 Average Cash Flow/Year $9,449 $5,965 $5,219 $2,694
 Average Cash Flow/Month $787 $497 $435 $225
 Average Gain/Year $27,647 $21,033 $21,990 $20,440
 Average ROI
 Annual ROI 25.6% 23% 22% 20%
 Projected Property Value $446,321 $369,229 $410,963 $440,524
Property Code 117N 420B 329T 87T
Current rent $3,100 $2,550 $2,650 $2,530
Lease expires 8/30/2021 11/30/2021 1/31/2022 8/30/2021
Asking price $384,500 $318,500 $354,500 $380,300

 

 

Disclaimer

This Report is provided solely for general business information purposes. No advisory, fduciary or other relationship is created by any acceptance or use of this Report.

The inclusion of this Report with any other materials does not constitute an endorsement by the Report Author of any third party or any third party’s products or services. The projected valuation, fnancial and investment return information, conclusions and other information contained in this Report are based upon tested methodologies for accuracy. However, such information and conclusions are not defnitive forecasts, appraisals or opinions of valuations. All such information and conclusions are stated in terms of probability of likelihood based on market factors and information submitted to the Report Author, and such information and conclusions are not guaranteed by the Report Author and should not be construed as a certifed appraisal or valuation, or investment advice.

The Report Author uses or has used public and/or confdential data and assumptions provided to the Report Author by third parties, and the Report Author has not independently verifed the data and assumptions used in these analyses or data sets. Attributes for properties may be inaccurate because county assessor and property data does not always include recent additions and/or modifcations to property structures. Changes in the underlying data or operating assumptions, or any loss of access to any one or more sources will clearly impact the analyses, information and conclusions set forth in this Report.

Address: Dallas Fort Worth
City:
State/County:
Zip: 76102
Country: United States
Open In Google Maps
Property Id : 34938
walkscore72 / Very Walkable more details here

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