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1630 Ashington Trail Farmers Branch, TX 75234

3 Beds 3 Baths 2,822 sqft Built 2018

$589,000

List Price

$2,780

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $208.72
  • 3 Days on Market
  • MLS # : 14484579
  • Updated Date : 12/11/2020 at 16:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,822 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Gorgeous 3 bed, 2.5 bath, 2-car garage energy-efficient home in new master-planned community. Formal entry with study leads you to an open living, kitchen & dining room. Kitchen has lots of cabinets, gas stove, double oven, island, & pantry. Living room features gas fireplace & tons of windows to let in natural light & see the stunning pool. Laundry room on 1st floor. Master down has walk-in closet & bath provides dual sinks, soaking tub, & separate shower. 2nd floor has spacious gameroom & 2 bedrooms with pass-through bath. Backyard is an entertainer's dream — heated pool with bench under the waterfall & round table, umbrella, & bench for drinks, dining, or visiting. Upgrades galore, this home is a must-see!

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: Farmers Branch

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $112k244k

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

Neighborhood: Farmers Branch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000Rent in $11262032

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$530,100$647,900$589,000

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$2,173
Property Tax -$1,289
Property Insurance -$190
HOA -$42
Property Management Fees -$99
CASH FLOW
-$1,013

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$589,000

PROJECTED PRICE

$2,780

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,173

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$8

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,794

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,780
1$2,7802$2,8003$2,8504$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 1630 Ashington Trail Farmers Branch, TX 1
    • 3 beds 3 baths ∙ 2,822 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,822 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $0.99
    •  
  • 829 La Cima Irving, TX 2
    • 3 beds 3 baths ∙ 2,978 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,978 Sqft ∙ Built 2006
    LEASED 09/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.94
    •  
  • 735 Arbol Irving, TX 3
    • 3 beds 3 baths ∙ 2,770 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,770 Sqft ∙ Built 2007
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.03
    •  
  • 1412 Camino Lago Irving, TX 4
    • 4 beds 4 baths ∙ 3,096 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,096 Sqft ∙ Built 2008
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.97
    •  
  • 719 Arbol Irving, TX 5
    • 3 beds 3 baths ∙ 2,947 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,947 Sqft ∙ Built 2008
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.02
    •  
PROPERTY LISTING DETAILS
Chris Hickman
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484579
Last Updated: 12/11/2020
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