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11080 Longleaf Lane Flower Mound, TX 76226

4 Beds 4 Baths 3,163 sqft Built 2014

$569,500

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $180.05
  • 4 Days on Market
  • MLS # : 14465737
  • Updated Date : 11/07/2020 at 11:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,163 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors/fm

Listing Agent's Description

1.5 STORY FORMER MODEL IS A MUST SEE!! FM address, FM tax rate, Argyle schools. TEXAS AT IT’S BEST! Ext. wd flrs open to ext entry & stdy w-upgrade FR DRS & wall of cust bltins Fml din w-flr to ceiling wind. Isl kit w-ovrsizd white cabs, quartz & tile, b-coffee bar-SS, & 5 burner gas. Kit opens to nk & famrm w-corner GSFP. F lr-ceiling wind for natural light. Mstr ste has wd flrs & bath area will WOW. Plan is 3-way split & there are 3 other bds dn. Full wd staircase to lge media-game rm & half bath. Back is as beautiful as front w-mature landscaping, nice covpat & beautiful sunset views. Tandem 3 car-3” shutters-beautiful cust drapes & lighting thruout makes the home one of a kind. THIS ONE WON'T LAST LONG!

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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: Canyon Falls

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k417k

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

Neighborhood: Canyon Falls

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262773

* 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
Argyle Intermediate School Primary Regular 295 17 8
Argyle Intermediate School Middle Regular 295 17 8
Argyle High School High Regular 711 50 8

Argyle Intermediate School

  • Education Level: Primary
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle Intermediate School

  • Education Level: Middle
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle High School

  • Education Level: High
  • # of students: 711
  • # of teachers: 50
8
GreatSchools Rating
 

$512,550$626,450$569,500

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$2,101
Property Tax -$983
Property Insurance -$210
HOA -$195
Property Management Fees -$99
CASH FLOW
-$409

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.

$569,500

PROJECTED PRICE

$3,180

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,668

INVESTMENT

$156,668

Down Payment
$142,375
Rehab Estimate
$5,750
Closing Costs
$8,543

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,101

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,375
Loan Amount $427,125
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,387

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $3,463

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,1803$3,5004$3,7005$3,700
$3,700
RENT COMPS ANALYSIS
  • 11080 Longleaf Lane Flower Mound, TX 2
    • 4 beds 4 baths ∙ 3,163 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,163 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $1.01
    •  
  • 11413 Winecup Road Flower Mound, TX 1
    • 4 beds 4 baths ∙ 2,905 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,905 Sqft ∙ Built 2014
    property image
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.07
    •  
  • 6304 Cupleaf Road Flower Mound, TX 3
    • 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2016
    property image
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.07
    •  
  • 6600 Elderberry Way Flower Mound, TX 4
    • 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2019
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.12
    •  
  • 11459 Misty Ridge Drive Flower Mound, TX 5
    • 4 beds 3 baths ∙ 3,301 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,301 Sqft ∙ Built 2018
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.12
    •  
PROPERTY LISTING DETAILS
Donna M Robichaux
Ebby Halliday, Realtors/fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465737
Last Updated: 11/07/2020
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