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1442 Wagon Wheel Way Krum, TX 76249

4 Beds 3 Baths 2,490 sqft Built 2020

INVESTimate

$325,130

List Price

$1,950

$1,755 - $2,145

Rent Est.

$88,159

Investment Est.

$345,873 ( +6.38%) 1 YR EST. FORECAST

AVAILABLE

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AVAILABLE

1 YEAR
Gross Yield	7.20%
NOI	$9,549

15 YEAR
Yield	2.21%
Appreciation	3.78%
TOTAL RETURN	18.35%

PROPERTY INFO

Built 2020 NEW CONSTRUCTION

August 25, 2020 RECENTLY ADDED

FACTS

Built In 2020
Price/Sqft : $130.57
2 Days on Market
MLS # : 14420333
Updated Date : 08/25/2020 at 17:07

CONSTRUCTION

Beds : 4
Floor Size : 2,490 sqft
Baths : 3 full

Listing Agent

Imp Realty

Listing Agent's Description

MLS# 14420333 - Built by Impression Homes - December completion! ~ PHASE ONE of Hopkins Meadows is almost Sold! This is one of the last chances to get a new home in Krum in 2020 and take advantage of some great Rates! Krum has great schools too! this 4 bed 3 bath Very open Design will feature many great Impression Home features. Wood Look Tile in all the main areas and traffic areas, Quartz Countertops, Shaker style cabinets, stainless appliances, covered patio, blinds and MORE!

MARKET HIGHLIGHTS

Dallas Market Report

. 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)

Zip Code: 76249

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

Zip Code: 76249

* 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
Dodd Intermediate School	Primary	Regular	309	24	5
Krum Middle School	Middle	Regular	486	33	5
Krum High School	High	Regular	596	43	6

Dodd Intermediate School

Education Level: Primary
# of students: 309
# of teachers: 24

GreatSchools Rating

Krum Middle School

Education Level: Middle
# of students: 486
# of teachers: 33

GreatSchools Rating

Krum High School

Education Level: High
# of students: 596
# of teachers: 43

GreatSchools Rating

FINANCIALS

Learn how to read this

$292,617$357,64300$325,130

PURCHASE PRICE

$1,755$2,14500$1,950

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,950
EXPENSES	Loan Payment	-$1,200
	Property Tax	-$654
	Property Insurance	-$171
	HOA	-$50
	Property Management Fees	-$99



CASH FLOW -$223

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$325,130

PROJECTED PRICE

$1,950

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.78%
Appreciation Year (1-5)	6.38%
Maintenance Year (1-5)	3.00%
Vacancy	6.39%
Length of Stay Years	2

TOTAL CASH OUT OF POCKET

INVESTMENT

$88,159

Down Payment	$81,283
Rehab Estimate	$2,000
Closing Costs	$4,877

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,200

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$81,283
Loan Amount	$243,848

See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,344

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,950
LIST RENT
$0.78
LIST RENT PER SQFT

$1,934
COMP ESTIMATED VALUE
$0.78
COMP AVG. RENT PER SQFT

Comps Range

$1,795

1$1,7952$1,7953$1,9504$1,950

$1,950

RENT COMPS ANALYSIS

2,490
PROPERTY SQFT
$0.78
AVG RENT PER SQFT
$1,934
ESTIMATED VALUE
$1,950
LIST RENT

1442 Wagon Wheel Way Krum, TX 4

4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2020
Price

Price Per SQFT

$325,130

$130.57
402 Spurlock Drive Krum, TX 1

4 beds 4 baths ∙ 2,622 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,622 Sqft ∙ Built 2005
SOLD 08/24/20
Price

Price Per SQFT

$283,000

$107.93
3513 Braylee Drive Krum, TX 2

4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,504 Sqft ∙ Built 2020
SOLD 08/12/20
Price

Price Per SQFT

$300,690

$120.08
3454 Coolmore Krum, TX 3

4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2020
SOLD 04/01/20
Price

Price Per SQFT

$309,490

$125.76
1437 Radecke Road Krum, TX 5

4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,402 Sqft ∙ Built 2020
SOLD 04/30/20
Price

Price Per SQFT

$335,305

$139.59

1442 Wagon Wheel Way Krum, TX 4

4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2020
Rent

Rent Per SQFT

$1,950

$0.78
1618 Withers Way Krum, TX 1

4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,290 Sqft ∙ Built 2005
LEASED 08/02/19
Rent

Rent Per SQFT

$1,795

$0.78
1216 Wenatchee Drive Krum, TX 2

4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 2004
LEASED 10/03/19
Rent

Rent Per SQFT

$1,795

$0.76
315 Broken Arrow Krum, TX 3

4 beds 2 baths ∙ 2,472 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,472 Sqft ∙ Built 2006
LEASED 12/10/19
Rent

Rent Per SQFT

$1,950

$0.79

PROPERTY LISTING DETAILS

Ben Caballero
Imp Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420333
Last Updated: 08/25/2020

1442 Wagon Wheel Way Krum, TX 76249

INVESTimate

$325,130

$1,950

$88,159

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Dodd Intermediate School

Krum Middle School

Krum High School

FINANCIALS

$292,617$357,64300$325,130

$1,755$2,14500$1,950

Acquisition Concierge

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$325,130

$1,950

0.60%

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,200

1.5

$3,344

$325,130

$130.57

$307,117

$123.34

COMPS RANGE

PRICE COMPS ANALYSIS

$1,950

$0.78

$1,934

$0.78

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS