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107 Greenhill Trail Trophy Club, TX 76262

3 Beds 2 Baths 2,341 sqft Built 1995

$425,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $181.55
  • 2 Days on Market
  • MLS # : 14476883
  • Updated Date : 11/28/2020 at 10:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,341 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Welcome to a stunning property in Trophy Club. Enter the home to find gorgeous hardwood floors and neutral paint colors. Double doors lead to an office equipped with plenty of built-ins and privacy for the days you work from home. Be prepared to host future gatherings with an updated kitchen and dining room. The double stainless-steel ovens, farm sink, quartz countertops and wine refrigerator (that conveys with the property) will be the envy of all your guests. Head outside to find a backyard oasis; large, mature trees and a covered patio will be the perfect place to relax after a long day. This house is ready for you to be its next owner!

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: 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

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
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,568
Property Tax -$790
Property Insurance -$162
Property Management Fees -$99
CASH FLOW
-$149

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.

$425,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$13,187

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,528

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,4703$2,6004$2,6955$2,900
$2,900
RENT COMPS ANALYSIS
  • 107 Greenhill Trail Trophy Club, TX 2
    • 3 beds 2 baths ∙ 2,341 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,341 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.06
    •  
  • 40 W Hillside Place Trophy Club, TX 1
    • 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,453 Sqft ∙ Built 1997
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.00
    •  
  • 57 Meadowbrook Lane Trophy Club, TX 3
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1986
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.09
    •  
  • 132 Greenhill Trail Trophy Club, TX 4
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1995
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.07
    •  
  • 42 Panorama Circle Trophy Club, TX 5
    • 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,490 Sqft ∙ Built 1999
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.16
    •  
PROPERTY LISTING DETAILS
Kristin Young
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14476883
Last Updated: 11/28/2020
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