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1505 Colin Court Keller, TX 76248

4 Beds 2 Baths 2,030 sqft Built 1995

$390,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $192.12
  • 4 Days on Market
  • MLS # : 14506235
  • Updated Date : 02/13/2021 at 19:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,030 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

HIGHEST AND BEST DUE SUNDAY 5PM. Rare and beautifully updated single story home in Keller ISD situated on a cul de sac street. The gorgeous 4 panel front door invites you in, the rich wood floors greet you and the natural light creates a warm atmosphere that makes you want to stay. Relax in your large master retreat adorned with a cathedral wood beam accent. The bright spa inspired bath features dual sinks, walk-in closet, and a beautiful walk-in rain shower. Enjoy sitting by the fireplace on a cold day which is complete with oversized wood mantle and shiplap to the ceiling with views form the kitchen. The secondary bedrooms are split from the master and have new carpet and fresh paint.

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: 76248

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262728

* 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
Shady Grove Elementary School Primary Regular 458 32 8
Keller High School High Regular 2,645 145 10
Keller High School High Unknown NA

Shady Grove Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 32
8
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,355
Property Tax -$818
Property Insurance -$145
Property Management Fees -$99
CASH FLOW
-$376

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.

$390,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$727

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,010

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0403$2,0504$2,2455$2,300
$2,300
RENT COMPS ANALYSIS
  • 1505 Colin Court Keller, TX 2
    • 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,030 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.00
    •  
  • 7908 Kendra Lane North Richland Hills, TX 1
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1987
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 8001 Arlie Lane North Richland Hills, TX 3
    • 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,204 Sqft ∙ Built 1990
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.93
    •  
  • 1520 Sweetgum Circle Keller, TX 4
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1991
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.98
    •  
  • 8205 Lost Maple Drive North Richland Hills, TX 5
    • 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,243 Sqft ∙ Built 1996
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
PROPERTY LISTING DETAILS
Cecily Verloop
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506235
Last Updated: 02/13/2021
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