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103 Forest Hill Drive Trophy Club, TX 76262

5 Beds 3 Baths 3,200 sqft Built 1981

$450,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $140.63
  • 3 Days on Market
  • MLS # : 14493778
  • Updated Date : 01/30/2021 at 17:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,200 sqft
  • Baths : 3 full
Listing Agent

Re/max Trinity

Listing Agent's Description

Lovely Trophy Club custom on a wonderfully wooded lot. Completely updated with all the best finishing touches. Wood and brick floors throughout downstairs major rooms. Kitchen features painted cabinets, stunning granite, stainless appliances, HUGE walk-in pantry and access to deck overlooking treed back yard. Master bath is AWESOME with separate vanities and FABULOUS double shower. Master features door to extensive deck and access to laundry room. Main level has a second living plus two additional bedrooms. Upstairs are two more bedrooms with Jack and Jill bath. FIVE bedrooms - all generous in size with great closet space! Fresh paint inside and out. Sparkling clean and MOVE IN READY! Check it out!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k487k

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

Neighborhood: Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $11263909

* 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
Samuel Beck Elementary School Primary Regular 731 47 10
Medlin Middle School Middle Regular 1,078 65 8
Byron Nelson High School High Unknown NA

Samuel Beck Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 47
10
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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$1,563
Property Tax -$854
Property Insurance -$212
Property Management Fees -$99
CASH FLOW
$112

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.

$450,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$29,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,928

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,8403$2,9004$2,9005$3,050
$3,050
RENT COMPS ANALYSIS
  • 103 Forest Hill Drive Trophy Club, TX 2
    • 5 beds 3 baths ∙ 3,200 Sqft ∙ Built 1981 5 beds 3 baths ∙ 3,200 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $0.89
    •  
  • 220 Pebble Beach Drive Trophy Club, TX 1
    • 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1987 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 1987
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.90
    •  
  • 3 Brook Hollow Lane Trophy Club, TX 3
    • 4 beds 4 baths ∙ 3,133 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,133 Sqft ∙ Built 1995
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.93
    •  
  • 1038 Wilshire Drive Trophy Club, TX 4
    • 4 beds 4 baths ∙ 3,051 Sqft ∙ Built 1977 4 beds 4 baths ∙ 3,051 Sqft ∙ Built 1977
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.95
    •  
  • 202 Pebble Beach Drive Trophy Club, TX 5
    • 5 beds 4 baths ∙ 3,473 Sqft ∙ Built 1985 5 beds 4 baths ∙ 3,473 Sqft ∙ Built 1985
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.88
    •  
PROPERTY LISTING DETAILS
Lisa Escue
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493778
Last Updated: 01/30/2021
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