Dallas New Build in Gated Community [code: 2500]

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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 Specifications1
 Bedrooms3
 Bathrooms2
 Square Feet1511
 Year Built2022
 Garage Size2
 Schools Rating (on scale of A-F)B

Purchase AssumptionsMy 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 AssumptionsMonthlyYearly
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 PMFlat Fee 
Property Management Fee$100$1,200
 Leasing Fee80%$68.3$820
 HOA$26$312
 Vacancy Rate4.0% 
 Total Fixed Expenses$842$10,108
 Total Expenses (Fixed + Mortgage)$1,934$23,213


Financial Analysis / Deal Attractiveness    
Years:5101520
 Cap Rate2.4%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 ROI117.4%267.1%455.2%688.9%
 Annual ROI23.5%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 PropertyFAVORABLE /
INSUFFICIENT
 Schools  BBFAVORABLE
 Square Feet 10001511FAVORABLE
 Bedrooms 33FAVORABLE
 Bathrooms 22FAVORABLE
 Year Built 19702022FAVORABLE
 Rent/Price (%) 0.75%0.69%INSUFFICIENT
 Average Cash Flow (at year 5)$125$165FAVORABLE
 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.