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11204 Bull Head Lane Flower Mound, TX 76262

4 Beds 4 Baths 3,483 sqft Built 2020

$542,900

List Price

$3,840

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $155.87
  • 4 Days on Market
  • MLS # : 14466504
  • Updated Date : 11/05/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,483 sqft
  • Baths : 4 full
Listing Agent

Key Trek-cc

Listing Agent's Description

Stunning home built by K. Hovnanian Homes in Flower Mound within respected Argyle ISD. Stylish wood flooring! Wonderful gourmet kitchen hosts abundant cabinets! The quartz counters pair well with stainless appliances! Spacious island for entertaining. Welcoming great room features a cozy fireplace and a wall of windows. Gracious dining room plus casual dining area. Charming bay window at owner's suite. Fun gameroom and media room upstairs! Convenient home office at entry. Extended covered patio. Trailwood's outdoor amenities beckon you to into nature. Enjoy walking trails, a clubhouse, resort style pool, children’s playground, firepit & covered picnic area. Smart home features. $56,900 in upgrades included.

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

Zip Code: 76262

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $123k430k

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

Zip Code: 76262

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262792

* 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
 

$488,610$597,190$542,900

PURCHASE PRICE

$3,456$4,224$3,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,840
EXPENSES Loan Payment -$2,003
Property Tax -$946
Property Insurance -$228
HOA -$150
Property Management Fees -$99
CASH FLOW
$414

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.

$542,900

PROJECTED PRICE

$3,840

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$145,869

INVESTMENT

$145,869

Down Payment
$135,725
Rehab Estimate
$2,000
Closing Costs
$8,144

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,003

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $135,725
Loan Amount $407,175
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$81,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,840

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $3,820

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$3,600
1$3,6002$3,7003$3,7004$3,840
$3,840
RENT COMPS ANALYSIS
  • 11204 Bull Head Lane Flower Mound, TX 4
    • 4 beds 4 baths ∙ 3,483 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,483 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $3,840
    • $1.10
    •  
  • 6637 Elderberry Way Flower Mound, TX 1
    • 4 beds 4 baths ∙ 3,419 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,419 Sqft ∙ Built 2018
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.05
    •  
  • 6600 Elderberry Way Flower Mound, TX 2
    • 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,309 Sqft ∙ Built 2019
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.12
    •  
  • 11459 Misty Ridge Drive Flower Mound, TX 3
    • 4 beds 3 baths ∙ 3,301 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,301 Sqft ∙ Built 2018
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $1.12
    •  
PROPERTY LISTING DETAILS
Teri Walter
Key Trek-cc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466504
Last Updated: 11/05/2020
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