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1127 Crestwick Drive Murphy, TX 75094

5 Beds 4 Baths 4,694 sqft Built 2005

$730,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $155.52
  • 4 Days on Market
  • MLS # : 14495737
  • Updated Date : 01/09/2021 at 08:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,694 sqft
  • Baths : 4 full
Listing Agent

Stepstone Realty, Llc

Listing Agent's Description

Beautifully crafted home with over 50K in recent updates, superior finishes and featuring crown molding throughout the first floor. Large lot, gorgeous curbs appeal & perfect landscaping and lights cape. The impressive kitchen boasts a large center island, several countertops, and a breakfast area. The master suite, the office, the guest bedroom are on the first floor (mother in law plan), whereas the game room, media room and additional three bedrooms are on the second floor. Backyard paradise with fruit trees and refreshing pool complete with stone water fall feature, large patio & postcard views! Just 5 miles away from Fire wheel Center and lake Lavon. Roof, AC (2 zones), and Tankless Water heater are 2017.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Rolling Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k577k

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

Neighborhood: Rolling Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263577

* 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
Hunt Elementary School Primary Regular 731 46 10
Murphy Middle School Middle Regular 1,217 65 10
Mcmillen High School High Regular 1,088 70 8

Hunt Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 46
10
GreatSchools Rating

Murphy Middle School

  • Education Level: Middle
  • # of students: 1,217
  • # of teachers: 65
10
GreatSchools Rating

Mcmillen High School

  • Education Level: High
  • # of students: 1,088
  • # of teachers: 70
8
GreatSchools Rating
 

$657,000$803,000$730,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$2,536
Property Tax -$1,271
Property Insurance -$298
HOA -$42
Property Management Fees -$99
CASH FLOW
-$1,005

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.

$730,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 2.9%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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-$20k-$15k-$10k-$5.0k$0.0$5.0k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,200

INVESTMENT

$199,200

Down Payment
$182,500
Rehab Estimate
$5,750
Closing Costs
$10,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,536

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,500
Loan Amount $547,500
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$73

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,887

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$3,0003$3,240
$3,240
RENT COMPS ANALYSIS
  • 1127 Crestwick Drive Murphy, TX 3
    • 5 beds 4 baths ∙ 4,694 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,694 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $0.69
    •  
  • 604 Laredo Drive Murphy, TX 1
    • 5 beds 4 baths ∙ 4,498 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,498 Sqft ∙ Built 2005
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.59
    •  
  • 1605 Genevieve Drive Wylie, TX 2
    • 4 beds 4 baths ∙ 4,672 Sqft ∙ Built 2014 4 beds 4 baths ∙ 4,672 Sqft ∙ Built 2014
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.64
    •  
PROPERTY LISTING DETAILS
Tj Welch
Stepstone Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14495737
Last Updated: 01/09/2021
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