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103 Skyline Drive Trophy Club, TX 76262

4 Beds 4 Baths 3,400 sqft Built 1996

$538,000

List Price

$3,160

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $158.24
  • 5 Days on Market
  • MLS # : 14508253
  • Updated Date : 02/04/2021 at 15:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,400 sqft
  • Baths : 3 full , 1 half
Listing Agent

Lily Moore Realty

Listing Agent's Description

Beautiful 4 bed, 3.5 bath home with side entry garage! Formal dining & formal living or study off entry! Large kitchen with beautiful new appliances (fridge stays)! Breakfast room with built-in desk! Spacious master with sitting area & door to patio! Master bath features marble floors, double vanities & jetted tub! Oversized master closet! Upstairs offers a huge game room and 3 spacious bedrooms with walk-in closets! Enjoy the nice, private backyard with pool & spa! 3rd car garage converted to livable space with HVAC! Perfect location in the heart of Trophy Club! Close proximity to the Whitworth course at country club, 3 blocks from walking trail to Grapevine Lake!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Eagles Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k573k

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

Neighborhood: Eagles Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263578

* 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
 

$484,200$591,800$538,000

PURCHASE PRICE

$2,844$3,476$3,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,160
EXPENSES Loan Payment -$1,869
Property Tax -$1,021
Property Insurance -$224
Property Management Fees -$99
CASH FLOW
-$53

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.

$538,000

PROJECTED PRICE

$3,160

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 2.7%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,320

INVESTMENT

$148,320

Down Payment
$134,500
Rehab Estimate
$5,750
Closing Costs
$8,070

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,869

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,500
Loan Amount $403,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$20,544

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,160

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $3,171

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,9003$3,0504$3,1605$3,700
$3,700
RENT COMPS ANALYSIS
  • 103 Skyline Drive Trophy Club, TX 4
    • 4 beds 4 baths ∙ 3,400 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,400 Sqft ∙ Built 1996
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,160
    • $0.93
    •  
  • 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
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.90
    •  
  • 517 Indian Creek Drive Trophy Club, TX 2
    • 4 beds 4 baths ∙ 3,333 Sqft ∙ Built 1983 4 beds 4 baths ∙ 3,333 Sqft ∙ Built 1983
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.87
    •  
  • 202 Pebble Beach Drive Trophy Club, TX 3
    • 5 beds 4 baths ∙ 3,473 Sqft ∙ Built 1985 5 beds 4 baths ∙ 3,473 Sqft ∙ Built 1985
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.88
    •  
  • 7 Crestwood Drive Trophy Club, TX 5
    • 5 beds 3 baths ∙ 3,417 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,417 Sqft ∙ Built 1998
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.08
    •  
PROPERTY LISTING DETAILS
Lily Moore
Lily Moore Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508253
Last Updated: 02/04/2021
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