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112 Spanish Oak Drive Krugerville, TX 76227

4 Beds 3 Baths 3,030 sqft Built 2020

INVESTimate

$469,000

List Price

$2,260

$2,034 - $2,486

Rent Est.

$504,691  ( +7.61%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $154.79
  • 10 Days on Market
  • MLS # : 14415275
  • Updated Date : 08/18/2020 at 09:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,030 sqft
  • Baths : 3 full
Listing Agent

Ultima Real Estate

Listing Agent's Description

WATER VIEW AND TREES TREES TREES!! BRAND NEW CUSTOM ONE STORY 4-3-3 CAR RESTING ON HEAVILY WOODED HALF-ACRE HOMESITE! Beautiful drive-up with gorgeous brick and stone.Fantastic layout features F. Dining with 12' ceiling, large Study with French Doors, HUGE Family Room with 12' ceiling, HUGE Master with 12' ceiling and HUGE closet AND gorgeous views of trees, great Kitchen with Custom Cabinets and granite tops, 3 large bedrooms, HUGE 19' x 14' GameRoom! Hardwood floors Entry, Study, F.Dining, and Family.Upgraded Frieze carpet. Brushed Nickel light and plumbing fixtures.Frigidaire Gallery series appliances-36inch 5 burner GAS cooktop, built-in SS Convection oven with micro above,SS Dishwasher.MUST SEE READY OCT.

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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

Zip Code: 76227

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Zip Code: 76227

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
Brockett Elementary School Primary Regular 500 30 7
Aubrey Middle School Middle Regular 484 29 7
Aubrey High School High Regular 585 36 6

Brockett Elementary School

  • Education Level: Primary
  • # of students: 500
  • # of teachers: 30
7
GreatSchools Rating

Aubrey Middle School

  • Education Level: Middle
  • # of students: 484
  • # of teachers: 29
7
GreatSchools Rating

Aubrey High School

  • Education Level: High
  • # of students: 585
  • # of teachers: 36
6
GreatSchools Rating
 

$422,100$515,900$469,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,730
Property Tax -$862
Property Insurance -$202
HOA -$25
Property Management Fees -$99
CASH FLOW
-$659

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.

$469,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.61%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,285

INVESTMENT

$126,285

Down Payment
$117,250
Rehab Estimate
$2,000
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$62

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,757

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,260
1$2,2602$2,590
$2,590
RENT COMPS ANALYSIS
  • 112 Spanish Oak Drive Krugerville, TX 1
    • 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 2020 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.75
    •  
  • 5125 Ember Place Little Elm, TX 2
    • 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 2018
    property image
    LEASED 02/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.91
    •  
PROPERTY LISTING DETAILS
Frank Parli
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415275
Last Updated: 08/18/2020
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