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1212 Marcus Court Flower Mound, TX 75028

4 Beds 3 Baths 2,095 sqft Built 1985

$299,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $143.15
  • 6 Days on Market
  • MLS # : 14472131
  • Updated Date : 11/21/2020 at 11:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,095 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Property Brokers, Llc

Listing Agent's Description

Terrific home in Sought after neighborhood of Prairie Creek with Marcus High School. Large 4 BR, 2.5 Bath on oversized Cul-de-Sac lot. The BIG stuff has been updated: waterproof laminate floors, HVAC system, Water Heater and Kitchen Appliances. Spacious master retreat on 1st floor. Enjoy easy access to parks and award winning schools.

SEE MORE

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

Neighborhood: Prairie Creek

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $121k402k

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

Neighborhood: Prairie Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10772573

* 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
Timber Creek Elementary School Primary Regular 470 32 8
Lamar Middle School Middle Regular 764 51 9
Marcus High School High Regular 2,439 151 8

Timber Creek Elementary School

  • Education Level: Primary
  • # of students: 470
  • # of teachers: 32
8
GreatSchools Rating

Lamar Middle School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 51
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,107
Property Tax -$518
Property Insurance -$148
Property Management Fees -$99
CASH FLOW
$28

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.

$299,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$20,197

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,975

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9003$1,9304$1,9305$1,950
$1,950
RENT COMPS ANALYSIS
  • 1212 Marcus Court Flower Mound, TX 2
    • 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,095 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 4816 Lansdale Drive Flower Mound, TX 1
    • 3 beds 2 baths ∙ 2,104 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,104 Sqft ∙ Built 1992
    property image
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.90
    •  
  • 4917 Marcus Drive Flower Mound, TX 3
    • 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,271 Sqft ∙ Built 1993
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.85
    •  
  • 1063 Colony Street Flower Mound, TX 4
    • 3 beds 3 baths ∙ 1,912 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,912 Sqft ∙ Built 1986
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.01
    •  
  • 1857 Chisolm Trail Lewisville, TX 5
    • 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,940 Sqft ∙ Built 1978
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
PROPERTY LISTING DETAILS
David Eichhorst
Texas Property Brokers, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14472131
Last Updated: 11/21/2020
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