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10 Llano Drive Trophy Club, TX 76262

3 Beds 2 Baths 1,717 sqft Built 1984

$330,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $192.20
  • 7 Days on Market
  • MLS # : 14535017
  • Updated Date : 03/25/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,717 sqft
  • Baths : 2 full
Listing Agent

Ts Frye Realty

Listing Agent's Description

LOCATION - LOCATION - LOCATION. With No HOA! This beautiful home on a quarter acre in Trophy Club has excellent proximity to shopping, banking, and sports! The home includes a very large master bedroom with a huge master bath. The master bath includes a Jacuzzi brand garden tub, separate shower, and his-n-hers closets! The giant open-concept kitchen includes beautiful granite counter tops, stainless steel under-counter sink, and a very large pantry! Durable hand scraped hickory Pergo floors run throughout the home. The huge backyard is excellent for entertaining with a custom built cedar patio. Home is vacant for quick occupancy!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Trophy Club Village West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k482k

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

Neighborhood: Trophy Club Village West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263116

* 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
Byron Nelson High School High Unknown NA

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

Byron Nelson High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,146
Property Tax -$627
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
$42

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.

$330,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.62%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$18,579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $2,129

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,8953$1,9254$2,0405$2,045
$2,045
RENT COMPS ANALYSIS
  • 10 Llano Drive Trophy Club, TX 4
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.19
    •  
  • 41 Alamosa Drive Trophy Club, TX 1
    • 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
    •  
  • 19 Salida Drive Trophy Club, TX 2
    • 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,556 Sqft ∙ Built 1985
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.22
    •  
  • 17 Cimarron Trophy Club, TX 3
    • 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
Tim Frye
Ts Frye Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535017
Last Updated: 03/25/2021
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