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1112 Pigeon Hawk Drive Little Elm, TX 75068

4 Beds 3 Baths 2,138 sqft Built 2016

$315,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $147.33
  • 4 Days on Market
  • MLS # : 14503808
  • Updated Date : 01/29/2021 at 15:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,138 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Multiple Offers received. The cutoff is Saturday 1-30-21 at 4pm. Decision will be made Sunday. 4Bed, 2.5Bath Home offers SEVERAL UPGRADES, including, rich hardwood flooring, EXTENSIVE Crown molding, ceiling fans, rounded wall corners Elegant Plantation Shutters. Spacious Living Area with Corner Fireplace, Large Master Suite. STUNNING MASTER BATH with a $5,000 CUSTOM Built shower and 3 secondary bedrooms. Large open Kitchen has SS energy efficient appliances, nice granite counters with under cabinet lighting. extended covered Patio with new 2 tier pergola. Sellers love this subdivision so much that they are moving within it. PCS has been great for their children but they just need more space.

SEE MORE

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: Paloma Creek South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Paloma Creek South

NeighborhoodNIR 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
Paloma Creek Elementary School Primary Regular 670 41 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Paloma Creek Elementary School

  • Education Level: Primary
  • # of students: 670
  • # of teachers: 41
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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,094
Property Tax -$660
Property Insurance -$151
HOA -$31
Property Management Fees -$99
CASH FLOW
-$45

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.

$315,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

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

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,404

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,026

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9503$1,9904$2,0955$2,200
$2,200
RENT COMPS ANALYSIS
  • 1112 Pigeon Hawk Drive Little Elm, TX 3
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.93
    •  
  • 1405 Grackle Drive Little Elm, TX 1
    • 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,138 Sqft ∙ Built 2016
    LEASED 12/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 1528 Zebra Finch Drive Little Elm, TX 2
    • 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,108 Sqft ∙ Built 2015
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 1500 Yellowthroat Drive Little Elm, TX 4
    • 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,043 Sqft ∙ Built 2016
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.03
    •  
  • 1321 Audubon Drive Little Elm, TX 5
    • 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,296 Sqft ∙ Built 2020
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.96
    •  
PROPERTY LISTING DETAILS
David Whiteman
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14503808
Last Updated: 01/29/2021
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