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1305 Yellowthroat Drive 
Little Elm, TX
75068
5 Beds 4 Baths 3,758 sqft
Built 2016
INVESTimate
$382,500
List Price
$107,113
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PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $101.78
- 2 Days on Market
- MLS # : 14417569
- Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,758 sqft
- Baths : 4 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
GORGEOUS Bloomfield Home built in 2016! Beautiful curb appeal with covered porch and stunning mahogany front entry door. Hard to find 6 bed, 3.5 bath home features incredible attention to detail! HARDWOOD floors throughout the first floor and second floor common areas. Gourmet kitchen with white cabinetry, SS appliances including double oven, gas cooktop, granite counters and upgraded stone backsplash. Large island with brkfst bar overlooks spacious LA with stone FP. Utility rooms on 1st AND 2nd floors! Upgraded carpets and tile throughout with oversized BRs. AMAZING pergola with fans covers back patio. Balcony and gameroom up. This home is perfect for a big family and entertaining! HOA Pools Parks and Trails!
SEE MORE
- . 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
Neighborhood: Paloma Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paloma Creek South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,411 |
| Property Tax | -$826 | |
| Property Insurance | -$244 | |
| HOA | -$28 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$289
|
||
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.
$382,500
PROJECTED PRICE
$2,320
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.97% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$107,113
LOAN DETAILS
$1,411
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $95,625 |
| Loan Amount | $286,875 |
1.25
YEARS SAVED
$2,708
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,320
LIST RENT -
$0.62
LIST RENT PER SQFT
-
$2,480
COMP ESTIMATED VALUE -
$0.66
COMP AVG. RENT PER SQFT
Comps Range
-
1305 Yellowthroat Drive Little Elm, TX 3
- 5 beds 4 baths ∙ 3,758 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,758 Sqft ∙ Built 2016
![property image]()
- Rent
- Rent Per SQFT
- $2,320
- $0.62
-
843 Lake Forest Trail Little Elm, TX 1
- 5 beds 4 baths ∙ 3,482 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,482 Sqft ∙ Built 2006
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LEASED 08/09/19- Rent
- Rent Per SQFT
- $2,095
- $0.60
-
2400 Jill Creek Dr Little Elm, TX 2
- 4 beds 3 baths ∙ 3,440 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,440 Sqft ∙ Built 2015
![property image]()
LEASED 06/15/19- Rent
- Rent Per SQFT
- $2,195
- $0.64
-
812 Southern Hills Way Savannah, TX 4
- 5 beds 4 baths ∙ 4,010 Sqft ∙ Built 2017 5 beds 4 baths ∙ 4,010 Sqft ∙ Built 2017
![property image]()
LEASED 05/26/19- Rent
- Rent Per SQFT
- $2,950
- $0.74
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14417569
Last Updated: 08/25/2020
