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14 Hanna Court Trophy Club, TX 76262

4 Beds 3 Baths 2,859 sqft Built 2005

$479,000

List Price

$3,190

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $167.54
  • 4 Days on Market
  • MLS # : 14500784
  • Updated Date : 01/22/2021 at 13:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,859 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Wall Team Realty Assoc

Listing Agent's Description

*HIGHEST & BEST DUE Saturday, January 23rd 2021 by 3pm* IMMACULATE 4 bedroom home MOVE IN READY with gated entry to the prestigious Villas of Trophy Club subdivision.Right off Hwy 114 and minutes away from Southlake Town Square. Grand entrance with executive study and formal dining room. Open floor plan concept flows into the living room with wood beams, stone fireplace, and views of the backyard.Large kitchen hosts a farm sink, gas cooktop, island, and gorgeous white cabinets. Relaxing owner's retreat features trayed ceiling, plantation shutters,& en suite access to full bath with jetted tub and separate shower. Entertainer's backyard seals the deal with open and covered patio as well as an outdoor fireplace.

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: The Villas at Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: The Villas at Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263405

* 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
Samuel Beck Elementary School Primary Regular 731 47 10
Medlin Middle School Middle Regular 1,078 65 8

Samuel Beck Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 47
10
GreatSchools Rating

Medlin Middle School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 65
8
GreatSchools Rating
 

$431,100$526,900$479,000

PURCHASE PRICE

$2,871$3,509$3,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,190
EXPENSES Loan Payment -$1,664
Property Tax -$1,057
Property Insurance -$192
HOA -$108
Property Management Fees -$99
CASH FLOW
$70

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.

$479,000

PROJECTED PRICE

$3,190

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$20k

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$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,664

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$23,902

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,190

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $2,830

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8953$2,9004$2,9505$3,190
$3,190
RENT COMPS ANALYSIS
  • 14 Hanna Court Trophy Club, TX 5
    • 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $1.12
    •  
  • 222 Pebble Beach Drive Trophy Club, TX 1
    • 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,999 Sqft ∙ Built 1989
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
  • 2 Shields Court Trophy Club, TX 2
    • 4 beds 4 baths ∙ 2,969 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,969 Sqft ∙ Built 1999
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.98
    •  
  • 42 Rockwood Drive Trophy Club, TX 3
    • 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,795 Sqft ∙ Built 1997
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.04
    •  
  • 550 Indian Creek Drive Trophy Club, TX 4
    • 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 1985 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 1985
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.01
    •  
PROPERTY LISTING DETAILS
Laurie Wall
The Wall Team Realty Assoc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500784
Last Updated: 01/22/2021
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