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DALLAS LANDLORD READY RENTAL |
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2947 KAVASAR DR |
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DALLAS, TX 75241 |
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DALLAS INVESTMENT PROPERTY WITH RENTER IN PLACE 3 BED 1.5 BATH 1556 SQ FT HOME CURRENTLY RENTED - TENANT WILL MOVE AS SOON AS COVID RESTRICTION PERMITS - ESTIMATES: ZILLOW $174,630 TRULIA $ 174,630 REALTOR $164,500 EPPRAISAL $165,924 REDFIN $167,210 ASKING $115,000 |
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Exclusively Presented By: |
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JOE T |
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210-446-9256 |
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joetbuyshouses@gmail.com |
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BUYER MARKETING SHEET (HOLD) |
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DALLAS LANDLORD INVESTMENT PROPERTY |
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Property Address: |
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Property City, State, ZIP: |
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Bedrooms: 3 Baths: 1.5 Sq.Feet: 1556 Built: 1962 |
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FAIR MARKET RENT $1,510 A MONTH CURRENTLY RENTED $1000 A MONTH TENANT WILL MOVE AS SOON AS COVID RESTRICTION |
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210-446-9256 |
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joetbuyshouses@gmail.com |
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PURCHASE/REHAB ASSUMPTIONS |
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% of ARV |
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After-Repair Value (ARV) |
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160,000.00 |
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Purchase Price (Offer Price) |
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115,000.00 |
72% |
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Rehab Costs |
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30,000.00 |
19% |
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Total Closing and Holding Costs |
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2% |
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Total Financing Costs |
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- |
0% |
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Total Project Cost Basis |
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148,000.00 |
93% |
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Total Amount Financed |
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- |
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Total Cash Committed |
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148,000.00 |
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PROJECTED RESULTS |
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Projected Monthly Rent (net of vacancy) |
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Projected Monthly Expenses |
260.00 |
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Projected Monthly Net Operating Income |
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Cap Rate Based on Cost Basis |
7.6% |
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Sweat Equity at End of Rehab |
12,000.00 |
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Cap Rate Based on ARV |
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7.0% |
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Monthly Cash Flow (before-tax) |
940.00 |
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Assumed Time to Complete Rehab |
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Cash-on-Cash Return (before-tax) |
7.6% |
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Assumed Time to Lease Up |
2 Months |
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Total Time between Acquisition and Lease-up |
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CASH FLOW SUMMARY (HOLD) |
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JOE T |
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2947 KAVASAR DR |
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DALLAS, TX 75241 |
210-446-9256 |
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Month |
0 |
1 |
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3 |
4 |
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8 |
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Purchase |
(115,000) |
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Closing Costs |
(1,500) |
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Orig/Disc Points and Loan Closing Costs |
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Holding Costs |
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(375) |
(375) |
(375) |
(375) |
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Rehab Draws/Expenses |
(30,000) |
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Interest (Paid or Accrued) |
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0 |
0 |
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0 |
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Total Cash Spent in Period |
(146,500) |
(375) |
(375) |
(375) |
(375) |
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Cumulative Financed |
0 |
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0 |
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0 |
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Cumulative Cost Basis |
(146,500) |
(146,875) |
(147,250) |
(147,625) |
(148,000) |
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Cash Tied up in Deal |
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148,000 |
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Equity Left in Deal |
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160,000 |
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CASH FLOW TO LENDER (HOLD) |
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JOE T |
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2947 KAVASAR DR |
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DALLAS, TX 75241 |
210-446-9256 |
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Points Offered to Lender: |
3.00% |
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Total Interest Income: |
- |
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Interest Rate Offered to Lender: |
10.00% |
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Points, Fees: |
- |
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Total Amount Funded By Lender: |
0 |
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Total: |
- |
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Total Loan Amount (inc deferred): |
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Cash-on-Cash Return (annual): |
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IRR (annualized): |
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Month |
0 |
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Purchase |
0 |
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Purchase Closing Costs Funded |
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Holding Costs Funded |
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Origination/Discount Points |
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Rehab Draws |
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Interest on Loan (Paid) |
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Interest on Loan (Deferred) |
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Interest on Draws (Paid) |
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Interest on Draws (Deferred) |
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Total Loan Balance |
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Payback of the Loan |
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0 |
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Cashflows Out |
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Cashflows In |
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Net |
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COMPARABLE SALES REPORT |
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Property Address: |
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Property City, State, ZIP: |
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Bedrooms: 3 Baths: 1.5 Sq.Feet: 1556 Built: 1962 |
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ZILLOW $174,630 - REALTOR $164,500 - TRULIA $174,630 - REDFIN $167,210 - EPPRAISAL - $161,000 |
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210-446-9256 |
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joetbuyshouses@gmail.com |
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Dist |
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Notes |
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3224 Little River Dr, Dallas, TX |
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150,000 |
125 |
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3826 Morningview Dr, Dallas, TX |
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145,000 |
116 |
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3727 Judge Dupree Dr, Dallas, TX |
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145,000 |
132 |
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3914 Ambrose Dr Dallas, TX |
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175,000 |
108 |
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3633 Silverhill Dr Dallas, TX |
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159,999 |
128 |
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1654 Sax Leigh Dr, Dallas, TX |
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170,000 |
106 |
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6210 Balcony Ln, Dallas, TX |
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176,000 |
118 |
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6103 Balcony Ln, Dallas, TX |
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178,000 |
129 |
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6225 Balcony Ln, Dallas, TX |
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185,000 |
110 |
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3907 Mehalia Dr, Dallas, TX |
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159,000 |
129 |
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