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1120 Guadalupe Court Colleyville, TX 76034

4 Beds 3 Baths 3,811 sqft Built 2002

$619,950

List Price

$3,740

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $162.67
  • 1 Days on Market
  • MLS # : 14509778
  • Updated Date : 01/30/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,811 sqft
  • Baths : 3 full
Listing Agent

Realty World Dfw

Listing Agent's Description

OPEN house tomorrow 2 to 4:30 You'll Buy this one!! Scraped Hardwoods, Plantation Shutters, Newer Appliances & Hot water heaters, Newer Roof & gutters and landscaping!! Newer Granite countertops, Master & 2nd bedrm downstairs..Back staircase plus front staircase.. upstairs Gamerm & Media rm plus 2 bedrooms.Front Formal Living used as desk area..Large Formal Dining.. Open Concept! Tall Ceilings!!Sink in Large utility rm with room for Freezer... Seller has done most everything-Paint and All!!! Cul de sac Lot..Neighborhood so quiet and convenient to Market Street-Restaurants-Lifetime Fitness-all within walking distance..Professional Photos and Virtual tour in the Morning..Better hurry !

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: Riverwalk at Colleyville

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k586k

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

Neighborhood: Riverwalk at Colleyville

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $11263831

* 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
Bransford Elementary School Primary Regular 425 30 10
Colleyville Middle School Middle Regular 725 40 9
Colleyville Heritage High School High Regular 2,222 135 8

Bransford Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 30
10
GreatSchools Rating

Colleyville Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 40
9
GreatSchools Rating

Colleyville Heritage High School

  • Education Level: High
  • # of students: 2,222
  • # of teachers: 135
8
GreatSchools Rating
 

$557,955$681,945$619,950

PURCHASE PRICE

$3,366$4,114$3,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,740
EXPENSES Loan Payment -$2,153
Property Tax -$1,194
Property Insurance -$247
HOA -$83
Property Management Fees -$99
CASH FLOW
-$37

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.

$619,950

PROJECTED PRICE

$3,740

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$170,037

INVESTMENT

$170,037

Down Payment
$154,988
Rehab Estimate
$5,750
Closing Costs
$9,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,153

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $154,988
Loan Amount $464,963
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$24,498

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,740

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $3,782

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$3,500
1$3,5002$3,6503$3,7404$3,9255$3,950
$3,950
RENT COMPS ANALYSIS
  • 1120 Guadalupe Court Colleyville, TX 3
    • 4 beds 3 baths ∙ 3,811 Sqft ∙ Built 2002 4 beds 3 baths ∙ 3,811 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,740
    • $0.98
    •  
  • 4103 Trail Bend Court Colleyville, TX 1
    • 4 beds 4 baths ∙ 3,696 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,696 Sqft ∙ Built 1984
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.95
    •  
  • 4805 Lakewood Drive Colleyville, TX 2
    • 4 beds 4 baths ∙ 3,595 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,595 Sqft ∙ Built 1997
    property image
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $1.02
    •  
  • 905 Briar Ridge Drive Colleyville, TX 4
    • 4 beds 4 baths ∙ 4,095 Sqft ∙ Built 1985 4 beds 4 baths ∙ 4,095 Sqft ∙ Built 1985
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,925
    • $0.96
    •  
  • 5024 Preservation Avenue Colleyville, TX 5
    • 5 beds 5 baths ∙ 3,800 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,800 Sqft ∙ Built 2017
    property image
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.04
    •  
PROPERTY LISTING DETAILS
Vickie Diedrick
Realty World Dfw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509778
Last Updated: 01/30/2021
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