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110 Willow Oak Drive Krugerville, TX 76227

4 Beds 4 Baths 3,757 sqft Built 2020

$489,900

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $130.40
  • 4 Days on Market
  • MLS # : 14480840
  • Updated Date : 12/03/2020 at 14:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,757 sqft
  • Baths : 3 full , 1 half
Listing Agent

Lgi Homes

Listing Agent's Description

This stunning home is a showstopper! With an open concept floor plan, high ceilings and incredible attention to detail you will love this home. This home features a chef's dream kitchen. Open to the breakfast area and family room for easy entertaining. Gorgeous flooring is found throughout. Relax and unwind in your luxurious master suite with a spa like bath and impressive walk-in closet. Located on a half-acre lot in The Woodlands, you will enjoy the easy access to multiple area lakes and downtown Dallas.

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: Union Park

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $113k336k

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

Neighborhood: Union Park

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$440,910$538,890$489,900

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$1,808
Property Tax -$1,047
Property Insurance -$244
HOA -$25
Property Management Fees -$99
CASH FLOW
-$273

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.

$489,900

PROJECTED PRICE

$2,950

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,824

INVESTMENT

$131,824

Down Payment
$122,475
Rehab Estimate
$2,000
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$7,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,987

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6503$2,9504$2,9955$3,300
$3,300
RENT COMPS ANALYSIS
  • 110 Willow Oak Drive Krugerville, TX 3
    • 4 beds 4 baths ∙ 3,757 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,757 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.79
    •  
  • 2004 State Street Aubrey, TX 1
    • 5 beds 3 baths ∙ 3,585 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,585 Sqft ∙ Built 2016
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.73
    •  
  • 2004 Historic District Aubrey, TX 2
    • 5 beds 4 baths ∙ 3,758 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,758 Sqft ∙ Built 2017
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.71
    •  
  • 825 Patio Street Little Elm, TX 4
    • 4 beds 4 baths ∙ 3,568 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,568 Sqft ∙ Built 2015
    property image
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.84
    •  
  • 840 Elm Fork Little Elm, TX 5
    • 4 beds 5 baths ∙ 3,655 Sqft ∙ Built 2018 4 beds 5 baths ∙ 3,655 Sqft ∙ Built 2018
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.90
    •  
PROPERTY LISTING DETAILS
Mona Hill
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14480840
Last Updated: 12/03/2020
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