Real Estate Deal of the Day DFW Metro – October 15, 2020

Deal of the Day

Dallas-Fort Worth Metro 

3807 Silverhill Drive Dallas Texas 75241

October 15, 2020 

MLS No. 14417182

Hello, everyone! Welcome to Real Estate IQ’s Dallas Fort-Worth Metro’s Deal of the Day. Our subject property is at 3807 Silverhill Drive, Dallas-Fort Worth, Texas, 75241. It was built in 1961 and has a total of 1640 square feet. The property is a one-storey residential with 0.171 acres. It has an  estimated value of $178, 968 and a monthly lease of $1,399. It has a list price per square foot of $66.46 and an estimated price per square foot of $109.13

The property has three beds, one bath and one carport. It is near the Bishop College Heights Subdivision and School district Dallas ISD. The property’s MLS number is 14417182. The last Comparative Market Analysis is on October 16, 2020. 

For the comparables, we selected the best four properties. The first property is at 6419 Rhapsody Lane. It is a residential building with a price per square foot of $115.52. It is 0.40 miles away from the subject property. The property has a list price of $160,000 and it was sold at the same price of $160,000. It was built in 1964. 

The second property is at 705 Glen Arbor Drive. It has a price per square foot of $114.73 and it is 0.40 miles away from the subject property. It has a list price of $215,000 and it was sold at the same price of $215,000. It was built in 1954. 

The third property is at 5530 Stratton Drive. It has a price per square foot of $103.75 and it is 0.40 miles from the subject property. This property has a list price of $155,000 and was sold at the same price of $155,000. It was built in 1957 

The fourth property is at 6204 Concreto Lane. It has a price per square foot of $102.51 and it is 

0.40 miles away from the property. This property has a list price of $139,000 and it was sold by 

$139,000. It was built in 1962 

For the investment summary, the property has an estimated value of $178,968 and a monthly lease price of $1,399. If the asking price of the property is $10,9000,then, you will get an IQ discount of $69,967 and an IQ discount percentage of 39.1%. The property has a rental index of 1.28. From these details, the property is good for fix-and-flip, wholesaling, and rentals. 

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