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122 Elm Fork Drive Coppell, TX 75019

5 Beds 4 Baths 3,079 sqft Built 1997

$465,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $151.02
  • 4 Days on Market
  • MLS # : 14469906
  • Updated Date : 11/12/2020 at 16:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,079 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful home ready for move in! Great layout and brand new wood floors throughout the downstairs. Master bath down w. updated bath and quartz countertops. Updated kitchen w. granite countertops, beautiful backsplash, double oven, large island, and an abundance of storage! Upstairs you will find the game room w. built in desk, French doors leading to sundeck, and additional bedrooms! Backyard w. large, covered patio, and spiral staircase to sundeck. Also featuring a wrap around driveway with electric gate. Rod iron fence is perfect to keep pets in or out! Plenty of opportunity to build your own paradise in this great backyard! HVAC and Roof are new! Sought out neighborhood in Open Enrollment Coppell ISD.

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: Riverview Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Neighborhood: Riverview Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262717

* 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
Riverchase Elementary School Primary Regular 365 23 6
Barbara Bush Middle School Middle Regular 672 44 4
Ranchview High School High Regular 843 56 5

Riverchase Elementary School

  • Education Level: Primary
  • # of students: 365
  • # of teachers: 23
6
GreatSchools Rating

Barbara Bush Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 44
4
GreatSchools Rating

Ranchview High School

  • Education Level: High
  • # of students: 843
  • # of teachers: 56
5
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$1,716
Property Tax -$1,041
Property Insurance -$205
HOA -$22
Property Management Fees -$99
CASH FLOW
-$403

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.

$465,000

PROJECTED PRICE

$2,680

PROJECTED RENT

0.58%

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) 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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,151

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,680

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,863

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,425
1$2,4252$2,6803$2,7954$2,7955$2,799
$2,799
RENT COMPS ANALYSIS
  • 122 Elm Fork Drive Coppell, TX 2
    • 5 beds 4 baths ∙ 3,079 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,079 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,680
    • $0.87
    •  
  • 1504 Grapevine Creek Drive Coppell, TX 1
    • 5 beds 3 baths ∙ 2,735 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,735 Sqft ∙ Built 1997
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $0.89
    •  
  • 1025 Basilwood Drive Coppell, TX 3
    • 4 beds 4 baths ∙ 3,001 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,001 Sqft ∙ Built 1995
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.93
    •  
  • 201 Wilshire Drive Coppell, TX 4
    • 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 1994
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.96
    •  
  • 1309 Breanna Way Coppell, TX 5
    • 4 beds 3 baths ∙ 2,964 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,964 Sqft ∙ Built 1996
    property image
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,799
    • $0.94
    •  
PROPERTY LISTING DETAILS
Billy Vaselo
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469906
Last Updated: 11/12/2020
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