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124 Wrenwood Drive Coppell, TX 75019

4 Beds 3 Baths 2,849 sqft Built 1993

$465,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $163.22
  • 3 Days on Market
  • MLS # : 14487539
  • Updated Date : 12/18/2020 at 11:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,849 sqft
  • Baths : 3 full
Listing Agent

Jp & Associates Castle Hills

Listing Agent's Description

Beautiful two-story home in highly desirable neighborhood. Dramatic entry with split formals. Master suite downstairs with updated bathroom. Gourmet kitchen with abundant counter space. Beautiful landscaped backyard with spectacular wood fence. Game room and two bedrooms upstairs. Guest bedroom or office downstairs.

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

Zip Code: 75019

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Zip Code: 75019

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262695

* 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
Wilson Elementary School Primary Regular 554 38 7
Coppell Middle West Middle Regular 979 62 9
Coppell High School High Regular 3,136 192 8

Wilson Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 38
7
GreatSchools Rating

Coppell Middle West

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 62
9
GreatSchools Rating

Coppell High School

  • Education Level: High
  • # of students: 3,136
  • # of teachers: 192
8
GreatSchools Rating
 

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

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$1,716
Property Tax -$1,041
Property Insurance -$192
HOA -$15
Property Management Fees -$99
CASH FLOW
-$332

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

$2,730

PROJECTED RENT

0.59%

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$10k

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

1.33

YEARS SAVED

$4,085

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,877

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7303$2,8004$2,9955$3,100
$3,100
RENT COMPS ANALYSIS
  • 124 Wrenwood Drive Coppell, TX 2
    • 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,849 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.96
    •  
  • 223 Cove Drive Coppell, TX 1
    • 3 beds 3 baths ∙ 2,765 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,765 Sqft ∙ Built 1992
    property image
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.94
    •  
  • 115 Allencrest Lane Coppell, TX 3
    • 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 1992 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 1992
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
  • 225 Redwood Drive Coppell, TX 4
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1995
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.10
    •  
  • 754 Teal Cove Coppell, TX 5
    • 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 1995
    property image
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.00
    •  
PROPERTY LISTING DETAILS
Garrett Fiveash
Jp & Associates Castle Hills
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487539
Last Updated: 12/18/2020
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