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130 Ridgebriar Drive Double Oak, TX 75077

3 Beds 2 Baths 2,416 sqft Built 1980

$439,900

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $182.08
  • 2 Days on Market
  • MLS # : 14490021
  • Updated Date : 12/26/2020 at 14:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,416 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Almost an acre! In double Oak! With a diving pool! Come see this updated home ready for move in. Inviting brinck pathways extended into kitchen, where counters and appliances have been recently updated. Vaulted ceilings, white painted walls, grey plank tile flooring & recently replaced windows bring the sunlight in for lots of natural lighting. Circular drive up front, fantastic backyard, and recently renovated pool make for a great stay-cation, and the fabulous schools and LOW TAXes are just icing on the cake. Come check it out, move in ready!

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

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
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,623
Property Tax -$683
Property Insurance -$167
Property Management Fees -$99
CASH FLOW
-$102

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.

$439,900

PROJECTED PRICE

$2,470

PROJECTED RENT

0.56%

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

PROJECTED ANNUAL CASH FLOW

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

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$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$18,689

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,519

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,4703$2,5004$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 130 Ridgebriar Drive Double Oak, TX 2
    • 3 beds 2 baths ∙ 2,416 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,416 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.02
    •  
  • 2624 Timberhill Drive Flower Mound, TX 1
    • 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,242 Sqft ∙ Built 1997
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.00
    •  
  • 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
    •  
  • 3328 Lauren Way Flower Mound, TX 4
    • 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,407 Sqft ∙ Built 1990
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.08
    •  
  • 200 Valley View Trail Double Oak, TX 5
    • 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
    •  
PROPERTY LISTING DETAILS
Kathy Kiefer
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490021
Last Updated: 12/26/2020
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