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125 Knob Hill Lane Double Oak, TX 75077

3 Beds 2 Baths 2,331 sqft Built 1982

$565,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $242.39
  • 4 Days on Market
  • MLS # : 14532088
  • Updated Date : 03/25/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,331 sqft
  • Baths : 2 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

Single story home with additional guest house and workshop nestled on over 1 acre in Double Oak. Plethora of windows and natural light, recent carpet, fresh paint, and oversized bedrooms! The gourmet kitchen is a chef's dream with ample cabinetry and oversized breakfast area. Living space is centered with a stunning fireplace and built-ins. Find serenity in your primary retreat with soaking tub, separate shower and dual sinks. Spend your days entertaining, grilling, and relaxing in your HUGE yard with coop and storage area. 750 +- sqft full second living quarters with full living, kitchen, bed, bath, and laundry! Large workshop and oversized garage with additional office. Welcome Home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Zip Code: 75077

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k507k

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

Zip Code: 75077

ZipNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262977

* 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
Flower Mound Elementary School Primary Regular 499 35 9
Clayton Downing Middle School Middle Regular 606 50 9
Marcus High School High Regular 2,439 151 8

Flower Mound Elementary School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 35
9
GreatSchools Rating

Clayton Downing Middle School

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 50
9
GreatSchools Rating

Marcus High School

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

$508,500$621,500$565,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,962
Property Tax -$877
Property Insurance -$162
Property Management Fees -$99
CASH FLOW
-$691

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.

$565,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$155,475

INVESTMENT

$155,475

Down Payment
$141,250
Rehab Estimate
$5,750
Closing Costs
$8,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $141,250
Loan Amount $423,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$226

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,459

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,410
1$2,4102$2,5003$2,5004$2,7005$2,700
$2,700
RENT COMPS ANALYSIS
  • 125 Knob Hill Lane Double Oak, TX 1
    • 3 beds 2 baths ∙ 2,331 Sqft ∙ Built 1982 3 beds 2 baths ∙ 2,331 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $1.03
    •  
  • 3608 Karla Drive Flower Mound, TX 2
    • 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,325 Sqft ∙ Built 2002
    LEASED 06/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.08
    •  
  • 100 N Woodland Trail Double Oak, TX 3
    • 3 beds 3 baths ∙ 2,530 Sqft ∙ Built 1983 3 beds 3 baths ∙ 2,530 Sqft ∙ Built 1983
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.99
    •  
  • 200 Valley View Trail Double Oak, TX 4
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1980
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.10
    •  
  • 4105 Amador Court Flower Mound, TX 5
    • 3 beds 3 baths ∙ 2,580 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,580 Sqft ∙ Built 2001
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.05
    •  
PROPERTY LISTING DETAILS
Sunny Darden
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532088
Last Updated: 03/25/2021
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