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1541 Twistleaf Road Flower Mound, TX 76226

3 Beds 2 Baths 2,514 sqft Built 2019

$459,990

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $182.97
  • 3 Days on Market
  • MLS # : 14498022
  • Updated Date : 01/17/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,514 sqft
  • Baths : 2 full
Listing Agent

Mcelroy Team Realty

Listing Agent's Description

Incredibly immaculate original owner Ashton Woods Home in the oh so elegant master-planned community of Canyon Falls with ALL the upgrades making this home feel custom... plus an over $80,000 in upgrades and additions including a gorgeous outdoor living space on an oversized homesite backed to a community green space for private outdoor living to watch sunsets each evening... won't last long. Fitness Center Gym, Cable and Internet included in HOA dues.

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

Neighborhood: Canyon Falls

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k417k

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

Neighborhood: Canyon Falls

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262773

* 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
Argyle Intermediate School Primary Regular 295 17 8
Argyle Intermediate School Middle Regular 295 17 8
Argyle High School High Regular 711 50 8

Argyle Intermediate School

  • Education Level: Primary
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle Intermediate School

  • Education Level: Middle
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle High School

  • Education Level: High
  • # of students: 711
  • # of teachers: 50
8
GreatSchools Rating
 

$413,991$505,989$459,990

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,598
Property Tax -$794
Property Insurance -$172
HOA -$208
Property Management Fees -$99
CASH FLOW
-$241

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.

$459,990

PROJECTED PRICE

$2,630

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$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$127,647

INVESTMENT

$127,647

Down Payment
$114,998
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,998
Loan Amount $344,993
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,586

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,665

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,630
1$2,6302$2,7003$2,8004$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 1541 Twistleaf Road Flower Mound, TX 1
    • 3 beds 2 baths ∙ 2,514 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,514 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $1.05
    •  
  • 6109 Whiskerbrush Road Flower Mound, TX 2
    • 4 beds 4 baths ∙ 2,661 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,661 Sqft ∙ Built 2017
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
  • 11417 Winecup Road Flower Mound, TX 3
    • 3 beds 4 baths ∙ 2,680 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,680 Sqft ∙ Built 2014
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.04
    •  
  • 6133 Whiskerbrush Road Flower Mound, TX 4
    • 4 beds 4 baths ∙ 2,732 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,732 Sqft ∙ Built 2017
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.02
    •  
  • 3904 Driftwood Lane Northlake, TX 5
    • 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,440 Sqft ∙ Built 2017
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.17
    •  
PROPERTY LISTING DETAILS
Danny Mcelroy
Mcelroy Team Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14498022
Last Updated: 01/17/2021
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