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1309 Rustic Timbers Lane Flower Mound, TX 75028

4 Beds 3 Baths 3,405 sqft Built 1995

$499,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $146.55
  • 4 Days on Market
  • MLS # : 14535128
  • Updated Date : 03/19/2021 at 18:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,405 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

**PLEASE SUBMIT BEST AND FINAL BY 12 PM MONDAY 3-22** Stunning home in the highly sought-after Rustic Timbers subdivision! This meticulous home boasts a spacious layout with oversized bedrooms, beautiful hardwoods, gourmet kitchen with granite countertops and stainless-steel appliances, a gas fireplace, office, large upstairs game-room and a gorgeous backyard with an open patio. Conveniently located within walking distance to Parker square, walking trails and community pond – this home is a gem! Don’t wait any longer, schedule your showing today!

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

Neighborhood: Rustic Timbers

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k411k

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

Neighborhood: Rustic Timbers

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262631

* 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
Forest Vista Elementary School Primary Regular 546 37 9
Forestwood Middle School Middle Regular 693 49 8
Flower Mound High School High Regular 2,550 157 10

Forest Vista Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 37
9
GreatSchools Rating

Forestwood Middle School

  • Education Level: Middle
  • # of students: 693
  • # of teachers: 49
8
GreatSchools Rating

Flower Mound High School

  • Education Level: High
  • # of students: 2,550
  • # of teachers: 157
10
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$1,733
Property Tax -$862
Property Insurance -$224
HOA -$27
Property Management Fees -$99
CASH FLOW
-$94

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.

$499,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
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

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$16,531

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $3,047

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8503$2,9004$2,9005$3,150
$3,150
RENT COMPS ANALYSIS
  • 1309 Rustic Timbers Lane Flower Mound, TX 2
    • 4 beds 3 baths ∙ 3,405 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,405 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.84
    •  
  • 2004 Rose Bluff Terrace Flower Mound, TX 1
    • 4 beds 4 baths ∙ 3,151 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,151 Sqft ∙ Built 1992
    property image
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.89
    •  
  • 2200 Cheshire Drive Flower Mound, TX 3
    • 5 beds 4 baths ∙ 3,200 Sqft ∙ Built 1997 5 beds 4 baths ∙ 3,200 Sqft ∙ Built 1997
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.91
    •  
  • 1105 Bur Oak Drive Flower Mound, TX 4
    • 5 beds 3 baths ∙ 3,203 Sqft ∙ Built 1997 5 beds 3 baths ∙ 3,203 Sqft ∙ Built 1997
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.91
    •  
  • 2113 Clayton Drive Flower Mound, TX 5
    • 4 beds 4 baths ∙ 3,604 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,604 Sqft ∙ Built 1995
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kris Wise
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 #: 14535128
Last Updated: 03/19/2021
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