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1 Paint Rock Court Trophy Club, TX 76262

3 Beds 2 Baths 1,506 sqft Built 1986

$298,921

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $198.49
  • 4 Days on Market
  • MLS # : 14497980
  • Updated Date : 01/16/2021 at 11:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full
Listing Agent

Century 21 Property Advisors

Listing Agent's Description

Darling 3 bdrm 2 full bath 2 car garage on a large fenced corner lot. Beautiful WBFP, formal dining, and a charming updated kitchen. Lots of outdoor patio space, a dog run and storage bldg. You will be glad you showed this home. Third bedroom is currently being used as a office. Easy to show, so make your appt. today!

SEE MORE

MARKET HIGHLIGHTS

  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Trophy Club Village West

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k350k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Trophy Club Village West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262579

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Lakeview Elementary School Primary Regular 571 35 7
Medlin Middle School Middle Regular 1,078 65 8

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 35
7
GreatSchools Rating

Medlin Middle School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 65
8
GreatSchools Rating
 

$269,029$328,813$298,921

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,038
Property Tax -$568
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
$51

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$298,921

PROJECTED PRICE

$1,870

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,964

INVESTMENT

$84,964

Down Payment
$74,730
Rehab Estimate
$5,750
Closing Costs
$4,484

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,038

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,730
Loan Amount $224,191
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$17,918

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,870

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,864

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8703$1,8954$1,9255$2,045
$2,045
RENT COMPS ANALYSIS
  • 1 Paint Rock Court Roanoke, TX 2
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.24
    •  
  • 8 Chisos Court Trophy Club, TX 1
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 1983
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.21
    •  
  • 41 Alamosa Drive Trophy Club, TX 3
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1987
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.21
    •  
  • 17 Cimarron Trophy Club, TX 4
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1984
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.27
    •  
  • 22 Alamosa Drive Trophy Club, TX 5
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1985
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $1.26
    •  
PROPERTY LISTING DETAILS
Freddie Crawford
Century 21 Property Advisors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497980
Last Updated: 01/16/2021
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