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137 Quail Run Road Red Oak, TX 75154

4 Beds 4 Baths 3,267 sqft Built 2018

$372,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $114.14
  • 2 Days on Market
  • MLS # : 14467497
  • Updated Date : 11/07/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,267 sqft
  • Baths : 3 full , 1 half
Listing Agent

The Market, Llc

Listing Agent's Description

LOVELY - STUNNING - 8' Iron Door Opens to Beautiful Luxury Living! Very well maintained 2 story home-like new! Lovely Wood Floors greet you, Upgraded Custom Kitchen Cabinets in this Beautiful California Kitchen, Large Granite Island, SS appliances-2 OVENS. Up-3 Large Bedrooms, two rooms have a J&J bath, 1 bedroom has semi private bath, Game Room, Study on First Floor, Large Laundry Room. Large Extended Covered Patio with French Drain. Savant Smart Home Automation-Control Your Home From Your Phone! Eco-Bee Smart Thermostat, Skybell Video Doorbell, and Security Cameras! This Home HAS IT ALL! Come See Us TODAY!

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: 75154

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $114k243k

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

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10151734

* 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
Red Oak Elementary School Primary Regular 635 37 6
Red Oak Junior High School Middle Regular 872 52 6
Red Oak High School High Regular 1,794 115 5

Red Oak Elementary School

  • Education Level: Primary
  • # of students: 635
  • # of teachers: 37
6
GreatSchools Rating

Red Oak Junior High School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 52
6
GreatSchools Rating

Red Oak High School

  • Education Level: High
  • # of students: 1,794
  • # of teachers: 115
5
GreatSchools Rating
 

$335,610$410,190$372,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,376
Property Tax -$813
Property Insurance -$216
HOA -$25
Property Management Fees -$99
CASH FLOW
-$179

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$372,900

PROJECTED PRICE

$2,350

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,569

INVESTMENT

$104,569

Down Payment
$93,225
Rehab Estimate
$5,750
Closing Costs
$5,594

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,376

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,225
Loan Amount $279,675
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,989

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,385

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,350
$2,350
RENT COMPS ANALYSIS
  • 137 Quail Run Road Red Oak, TX 2
    • 4 beds 4 baths ∙ 3,267 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,267 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.72
    •  
  • 100 Bob White Drive Red Oak, TX 1
    • 5 beds 3 baths ∙ 2,988 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,988 Sqft ∙ Built 2002
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.73
    •  
PROPERTY LISTING DETAILS
Laura Macon
The Market, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467497
Last Updated: 11/07/2020
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