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124 Kens Court Pilot Point, TX 76258

4 Beds 3 Baths 1,965 sqft Built 2019

$334,950

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $170.46
  • 3 Days on Market
  • MLS # : 14474838
  • Updated Date : 11/20/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,965 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

Check out this beautiful brick and stone 4 Bedroom 3 Bath home situated in Pilot Point TX. This home features open concept living and kitchen areas. Custom cabinets, island, granite countertops, and stainless steel appliances. Windows allow vast amount of natural sunlight. Master like suite offers spacious walk in closet, dual sinks, oversized tub and walk in shower. Covered seating on back patio is perfect for entertaining guests with fenced in backyard the size of Texas! Property located on a secluded cul-de-sac and just minutes from Pilot Point Intermediate School.

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

Zip Code: 76258

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $102k249k

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

Zip Code: 76258

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9611734

* 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
Pilot Point Intermediate School Primary Regular 407 30 4
Pilot Point Middle School Middle Regular 232 20 6
Pilot Point High School High Regular 430 32 6

Pilot Point Intermediate School

  • Education Level: Primary
  • # of students: 407
  • # of teachers: 30
4
GreatSchools Rating

Pilot Point Middle School

  • Education Level: Middle
  • # of students: 232
  • # of teachers: 20
6
GreatSchools Rating

Pilot Point High School

  • Education Level: High
  • # of students: 430
  • # of teachers: 32
6
GreatSchools Rating
 

$301,455$368,445$334,950

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,236
Property Tax -$598
Property Insurance -$141
HOA -$25
Property Management Fees -$99
CASH FLOW
-$9

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$334,950

PROJECTED PRICE

$2,090

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,762

INVESTMENT

$90,762

Down Payment
$83,738
Rehab Estimate
$2,000
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,738
Loan Amount $251,213
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$18,758

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,004

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8953$2,0904$2,100
$2,100
RENT COMPS ANALYSIS
  • 124 Kens Court Pilot Point, TX 3
    • 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2019 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.06
    •  
  • 601 Maple Drive Pilot Point, TX 1
    • 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 2000
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 121 Ken S Court Pilot Point, TX 2
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2019
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.07
    •  
  • 1404 High Point Drive Pilot Point, TX 4
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2003
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jeremy Lock
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474838
Last Updated: 11/20/2020
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