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16420 Stillhouse Hollow Court Prosper, TX 75078

5 Beds 4 Baths 3,549 sqft Built 2015

$510,000

List Price

$2,660

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $143.70
  • 4 Days on Market
  • MLS # : 14512011
  • Updated Date : 02/06/2021 at 13:33
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,549 sqft
  • Baths : 4 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

HIGHLY RATED PROSPER ISD. 5 Bdrm, 4 Baths Stone and Brick. Large entry area leads to Kitchen with Granite countertops, Breakfast bar and island. The kitchen opens to the living room with high ceilings. Extended patio, firepit and Gazebo. Master retreat features spa-like master bath with huge walk-in closet. Additional bdrm and bath are downstairs perfect for the parents. Upstairs has 3 bedrooms 2 full baths and a media room plus large game room. Community pool, clubhouse and workout room. Park is only 3 doors down.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$459,000$561,000$510,000

PURCHASE PRICE

$2,394$2,926$2,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,660
EXPENSES Loan Payment -$1,771
Property Tax -$1,216
Property Insurance -$232
HOA -$92
Property Management Fees -$99
CASH FLOW
-$750

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.

$510,000

PROJECTED PRICE

$2,660

PROJECTED RENT

0.52%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$3

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,660

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,715

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6503$2,6504$2,6605$2,800
$2,800
RENT COMPS ANALYSIS
  • 16420 Stillhouse Hollow Court Prosper, TX 4
    • 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,549 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,660
    • $0.75
    •  
  • 16405 Stillhouse Hollow Court Prosper, TX 1
    • 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2015
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.70
    •  
  • 16605 Dry Creek Boulevard Prosper, TX 2
    • 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2015
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.77
    •  
  • 16700 Lincoln Park Lane Prosper, TX 3
    • 5 beds 4 baths ∙ 3,427 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,427 Sqft ∙ Built 2017
    property image
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.77
    •  
  • 2128 Austin Lane Prosper, TX 5
    • 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2016
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.82
    •  
PROPERTY LISTING DETAILS
Mila Yakhnis
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512011
Last Updated: 02/06/2021
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