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107 Wooddale Euless, TX 76039

3 Beds 2 Baths 1,899 sqft Built 1985

$280,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $147.45
  • 2 Days on Market
  • MLS # : 14479360
  • Updated Date : 12/05/2020 at 03:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,899 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty Frisco

Listing Agent's Description

UPDATED AND WELL MAINTAINED 3 BEDROOM, 2 BATH HOME IN THE SOUGHT AFTER COMMUNITY OF THE WOODLANDS! KITCHEN BOASTS GRANITE COUNTERTOPS, WHITE CABINETS AND SS APPLIANCES. BEAUTIFUL WOOD FLOORS ADORN THIS CUTE HOME. MASTER BEDROOM IS LOCATED ON THE FIRST LEVEL. LARGE FAMILY ROOM HAS SOARING CEILINGS AND A FOCAL POINT BRICK FIREPLACE. HUGE BACKYARD IS PERFECT FOR ENTERTAINING. THIS HOME IS MOVE IN READY!

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

Zip Code: 76039

ZipNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $122k266k

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

Zip Code: 76039

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9931902

* 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
Lakewood Elementary School Primary Regular 713 39 6
Euless Junior High School Middle Regular 1,024 57 8
Euless Junior High School High Regular 1,024 57 8

Lakewood Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 39
6
GreatSchools Rating

Euless Junior High School

  • Education Level: Middle
  • # of students: 1,024
  • # of teachers: 57
8
GreatSchools Rating

Euless Junior High School

  • Education Level: High
  • # of students: 1,024
  • # of teachers: 57
8
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,033
Property Tax -$544
Property Insurance -$137
Property Management Fees -$99
CASH FLOW
$47

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$280,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$20,125

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,909

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8603$1,8954$1,9255$2,200
$2,200
RENT COMPS ANALYSIS
  • 107 Wooddale Euless, TX 2
    • 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.98
    •  
  • 1807 Chittam Drive Euless, TX 1
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 1983
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 414 Teal Wood Lane Euless, TX 3
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1982
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.97
    •  
  • 510 Wild Oak Lane Euless, TX 4
    • 3 beds 3 baths ∙ 1,805 Sqft ∙ Built 1982 3 beds 3 baths ∙ 1,805 Sqft ∙ Built 1982
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.07
    •  
  • 302 Shelmar Drive Euless, TX 5
    • 3 beds 4 baths ∙ 2,083 Sqft ∙ Built 1973 3 beds 4 baths ∙ 2,083 Sqft ∙ Built 1973
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
PROPERTY LISTING DETAILS
Creed Boyer
Coldwell Banker Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479360
Last Updated: 12/05/2020
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