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16408 Stillhouse Hollow Court Prosper, TX 75078

4 Beds 4 Baths 3,170 sqft Built 2015

$429,900

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $135.62
  • 3 Days on Market
  • MLS # : 14508679
  • Updated Date : 01/29/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,170 sqft
  • Baths : 4 full
Listing Agent

Smart Realty

Listing Agent's Description

Welcome Home! Stunning 4 bedrooms & 4 full baths plus game room, flex-media & dining with custom-built barn door surround. Open concept floorplan overlooks extended covered patio with built-in outdoor grilling station, sandbox for the kids or gardenbox for your green thumb & professionally installed TURF backyard that will stay clean & green all year round! Don't miss this RARE find! Great for entertaining with surround sound living room, patio speakers & prewired for speakers in Media. Ample storage space throughout. Artesia offers an abundance of parks, playgrounds, 2 pools, 2 gyms, dog park & walking trails. Easy access to DNT & HWY380. Tons of nearby new development & upcoming PGA Headquarters. Prosper ISD!

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: Artesia

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Neighborhood: Artesia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Stuber Elementary Primary Unknown NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Stuber Elementary

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

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,493
Property Tax -$1,025
Property Insurance -$210
HOA -$55
Property Management Fees -$99
CASH FLOW
-$343

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.

$429,900

PROJECTED PRICE

$2,540

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.5%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,493

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,385

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,782

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,5403$2,5904$2,8005$2,950
$2,950
RENT COMPS ANALYSIS
  • 16408 Stillhouse Hollow Court Prosper, TX 2
    • 4 beds 4 baths ∙ 3,170 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,170 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.80
    •  
  • 16401 White Rock Boulevard Prosper, TX 1
    • 5 beds 4 baths ∙ 3,071 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,071 Sqft ∙ Built 2014
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.80
    •  
  • 16617 Amistad Avenue Prosper, TX 3
    • 5 beds 4 baths ∙ 3,095 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,095 Sqft ∙ Built 2014
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.84
    •  
  • 16429 Toledo Bend Court Prosper, TX 4
    • 5 beds 5 baths ∙ 3,152 Sqft ∙ Built 2013 5 beds 5 baths ∙ 3,152 Sqft ∙ Built 2013
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.89
    •  
  • 16217 Stillhouse Hollow Court Prosper, TX 5
    • 4 beds 4 baths ∙ 3,024 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,024 Sqft ∙ Built 2015
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.98
    •  
PROPERTY LISTING DETAILS
Lori Deleranko
Smart Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508679
Last Updated: 01/29/2021
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