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125 Woodcrest Lane Coppell, TX 75019

5 Beds 5 Baths 4,305 sqft Built 1991

$715,000

List Price

$3,470

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $166.09
  • 3 Days on Market
  • MLS # : 14536342
  • Updated Date : 03/20/2021 at 11:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,305 sqft
  • Baths : 4 full , 1 half
Listing Agent

Net Worth Realty Of Dallas/ft.

Listing Agent's Description

Original owner-Carmen Custom Home-East Facing Front Door. Thoughtful design & quality throughout. 4 BR's downstairs! From the iron front door, hand scraped hardwood flooring, custom cabinetry & more, this home exudes pride of ownership. The large pool is located in a shady, private back yard, with adjacent patio area ready for your grill or fire pit. The pool and spa are being re-plastered. Upstairs a huge addition to the house adds over 500 sf of game room space, with wall of built ins, a full bath & 5th bedroom. Currently, one of the downstairs bedrooms is used as a study, & features a built in Murphy Bed. Home is over 4300 sq feet with an oversized garage.

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: 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
Town Center Elementary School Primary Regular 511 33 8
Coppell Middle North Middle Regular 909 59 9
Coppell High School High Regular 3,136 192 8

Town Center Elementary School

  • Education Level: Primary
  • # of students: 511
  • # of teachers: 33
8
GreatSchools Rating

Coppell Middle North

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 59
9
GreatSchools Rating

Coppell High School

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

$643,500$786,500$715,000

PURCHASE PRICE

$3,123$3,817$3,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,470
EXPENSES Loan Payment -$2,483
Property Tax -$1,601
Property Insurance -$276
HOA -$21
Property Management Fees -$99
CASH FLOW
-$1,010

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.

$715,000

PROJECTED PRICE

$3,470

PROJECTED RENT

0.49%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$195,225

INVESTMENT

$195,225

Down Payment
$178,750
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,483

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $178,750
Loan Amount $536,250
See What Happens When You Reinvest Cash Flow

0

YEARS SAVED

$18

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,470

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,444

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$3,299
1$3,2992$3,3003$3,470
$3,470
RENT COMPS ANALYSIS
  • 125 Woodcrest Lane Coppell, TX 3
    • 5 beds 5 baths ∙ 4,305 Sqft ∙ Built 1991 5 beds 5 baths ∙ 4,305 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $3,470
    • $0.81
    •  
  • 619 Park Highlands Drive Coppell, TX 1
    • 5 beds 5 baths ∙ 4,137 Sqft ∙ Built 1999 5 beds 5 baths ∙ 4,137 Sqft ∙ Built 1999
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,299
    • $0.80
    •  
  • 217 Beechwood Lane Coppell, TX 2
    • 5 beds 4 baths ∙ 4,101 Sqft ∙ Built 1991 5 beds 4 baths ∙ 4,101 Sqft ∙ Built 1991
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.80
    •  
PROPERTY LISTING DETAILS
Steven Tidwell
Net Worth Realty Of Dallas/ft.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536342
Last Updated: 03/20/2021
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