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100 Tequesta Trail Highland Village, TX 75077

3 Beds 4 Baths 2,860 sqft Built 2021

$656,500

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $229.55
  • 5 Days on Market
  • MLS # : 14539052
  • Updated Date : 03/25/2021 at 14:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,860 sqft
  • Baths : 3 full , 1 half
Listing Agent

Your Home Free Llc

Listing Agent's Description

Beautifully designed 1.5-story home with a warm, inviting brick, stone and board and batten exterior. This home offers 3 bedrooms, 3-full and 1-powder baths. The master bath features Maestro quartz countertops, separate vanities, walk-in shower, and free-standing tub. This transitional-style home includes a foyer; study; open-concept kitchen, dining-nook and family room area; corner fireplace with gorgeous tile to ceiling; Maestro quartz countertops, island, stainless steel appliances and walk-in pantry in the kitchen; wood flooring throughout high-traffic areas; a utility room; mud room; covered patio; 2-car oversized garage; and FULL FOAM ENCAPSULATION for an extremely energy-efficient home!

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: Willow Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k388k

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

Neighborhood: Willow Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262736

* 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
Highland Village Elementary School Primary Regular 353 27 6
Briarhill Middle School Middle Regular 955 66 9
Marcus High School High Regular 2,439 151 8

Highland Village Elementary School

  • Education Level: Primary
  • # of students: 353
  • # of teachers: 27
6
GreatSchools Rating

Briarhill Middle School

  • Education Level: Middle
  • # of students: 955
  • # of teachers: 66
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$590,850$722,150$656,500

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$2,280
Property Tax -$1,132
Property Insurance -$192
HOA -$183
Property Management Fees -$99
CASH FLOW
-$1,657

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$656,500

PROJECTED PRICE

$2,230

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,973

INVESTMENT

$175,973

Down Payment
$164,125
Rehab Estimate
$2,000
Closing Costs
$9,848

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,280

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $164,125
Loan Amount $492,375
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$2,327

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,274

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2303$2,750
$2,750
RENT COMPS ANALYSIS
  • 100 Tequesta Trail Highland Village, TX 2
    • 3 beds 3 baths ∙ 2,860 Sqft ∙ Built 2021 3 beds 3 baths ∙ 2,860 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.78
    •  
  • 1508 Gunnison Trail Lewisville, TX 1
    • 4 beds 3 baths ∙ 3,085 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,085 Sqft ∙ Built 2004
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.71
    •  
  • 2706 Garrett Drive Highland Village, TX 3
    • 4 beds 4 baths ∙ 3,136 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,136 Sqft ∙ Built 2005
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.88
    •  
PROPERTY LISTING DETAILS
William T. Nelson
Your Home Free Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14539052
Last Updated: 03/25/2021
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