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16421 White Rock Boulevard Prosper, TX 75078

3 Beds 2 Baths 2,120 sqft Built 2014

$325,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $153.30
  • 3 Days on Market
  • MLS # : 14501520
  • Updated Date : 01/22/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,120 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

You have found your beautiful new home! Prosper ISD, well-maintained home with an open floorplan including a home office and a flex room to use as a second office, home school, game room, or dining room. Large granite island and countertops, double sink in both bathrooms. Covered patio and room to run and play. Schedule a showing today as this one will go quickly!

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

Windsong Elementary School

  • 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,129
Property Tax -$775
Property Insurance -$150
HOA -$55
Property Management Fees -$99
CASH FLOW
-$98

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.

$325,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.65%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,763

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,125

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$2,1003$2,1104$2,1505$2,195
$2,195
RENT COMPS ANALYSIS
  • 16421 White Rock Boulevard Prosper, TX 3
    • 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,120 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.00
    •  
  • 16324 Dry Creek Boulevard Prosper, TX 1
    • 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,989 Sqft ∙ Built 2006
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.97
    •  
  • 16312 Stillhouse Hollow Court Prosper, TX 2
    • 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 2015
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 16316 Stillhouse Hollow Court Prosper, TX 4
    • 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 2015
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.04
    •  
  • 16405 White Rock Boulevard Prosper, TX 5
    • 3 beds 3 baths ∙ 2,143 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,143 Sqft ∙ Built 2015
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.02
    •  
PROPERTY LISTING DETAILS
Sharmy Mcdonald
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 #: 14501520
Last Updated: 01/22/2021
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