Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
113 Tanbark Circle 
Coppell, TX
75019
3 Beds 3 Baths 1,949 sqft
Built 1990
INVESTimate
$350,000
List Price
$98,500
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1990
- Price/Sqft : $179.58
- 2 Days on Market
- MLS # : 14420798
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,949 sqft
- Baths : 2 full , 1 half
Listing Agent
Beacon Real Estate
Listing Agent's Description
WOW! Recently updated and situated on an oversized lot, this home is a must see! Entertaining is easy with large living room and soaring ceilings. The sellers spared no expense updating the kitchen including tons of custom cabinets, granite counters, SS appliances, a huge pantry, and more! The master offers lots of natural light, is downstairs, and has separate shower and jetted tub, dual sinks, and walk in closet. Upstairs features two bedrooms, a Jack and Jill bathroom, and a gameroom! Gameroom can easily be a bedroom or study! The backyard is huge for the neighborhood and has lots of shade! Walk to Cottonwood Creek Elem! Surrounded by parks and more! Don't miss this great home!
SEE MORE
- . 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: 75019
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75019
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,190 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$784 | |
| Property Insurance | -$140 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$124
|
||
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.
$350,000
PROJECTED PRICE
$2,190
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.35% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
2.92
YEARS SAVED
$9,706
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,190
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$2,227
COMP ESTIMATED VALUE -
$1.14
COMP AVG. RENT PER SQFT
Comps Range
-
113 Tanbark Circle Coppell, TX 1
- 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,949 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $2,190
- $1.12
-
245 Tanbark Circle Coppell, TX 2
- 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 1986
LEASED 08/16/20- Rent
- Rent Per SQFT
- $2,195
- $1.17
-
113 Summer Place Drive Coppell, TX 3
- 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 1988
LEASED 07/30/20- Rent
- Rent Per SQFT
- $2,250
- $1.08
-
330 Hampton Drive Coppell, TX 4
- 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1995
LEASED 11/12/19- Rent
- Rent Per SQFT
- $2,300
- $1.15
-
129 Branchwood Trail Coppell, TX 5
- 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1994
LEASED 06/30/20- Rent
- Rent Per SQFT
- $2,345
- $1.17
PROPERTY LISTING DETAILS
Beacon Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14420798
Last Updated: 08/25/2020
