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1600 Overcup Keller, TX 76248

4 Beds 2 Baths 2,033 sqft Built 1998

$320,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $157.40
  • 2 Days on Market
  • MLS # : 14481762
  • Updated Date : 12/04/2020 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,033 sqft
  • Baths : 2 full
Listing Agent

Era Irealty

Listing Agent's Description

Move In Ready. Well maintained, 1 story home located in a corner lot with a beautiful flower bed around and cedar covered patio. Brand New Paint and updated locks throughout the house. Resurfaced Kitchen Cabinets. 4 bedrooms, 2 full baths, Utility room and 2 car garage. Master bedroom is separated from other 3 bedrooms. Open kitchen with granite countertop, tile backsplash, under and above cabinet lighting. Hardwood flooring. Updated bathrooms and many more. Replaced roof in 2017. Keller ISD. Schedule your private showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Chase Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Neighborhood: Chase Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262706

* 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
Willis Lane Elementary School Primary Regular 486 33 10
Indian Springs Middle School Middle Regular 869 53 8
Keller High School High Regular 2,645 145 10

Willis Lane Elementary School

  • Education Level: Primary
  • # of students: 486
  • # of teachers: 33
10
GreatSchools Rating

Indian Springs Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 53
8
GreatSchools Rating

Keller High School

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

$288,000$352,000$320,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,181
Property Tax -$671
Property Insurance -$145
HOA -$14
Property Management Fees -$99
CASH FLOW
$30

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.

$320,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.67%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,935

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,104

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0504$2,0955$2,140
$2,140
RENT COMPS ANALYSIS
  • 1600 Overcup Keller, TX 5
    • 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.05
    •  
  • 1726 Chatham Lane Keller, TX 1
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 2000
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.05
    •  
  • 1717 Chatham Lane Keller, TX 2
    • 3 beds 3 baths ∙ 2,077 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,077 Sqft ∙ Built 1999
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.96
    •  
  • 656 Cardinal Lane Keller, TX 3
    • 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 1998
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.07
    •  
  • 1624 Overcup Lane Keller, TX 4
    • 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 1998
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.06
    •  
PROPERTY LISTING DETAILS
Gabriel Ho
Era Irealty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481762
Last Updated: 12/04/2020
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