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1707 Twin Hills Way Princeton, TX 75407

5 Beds 3 Baths 2,913 sqft Built 2009

$329,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $113.25
  • 1 Days on Market
  • MLS # : 14471681
  • Updated Date : 11/15/2020 at 00:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,913 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bell Real Estate

Listing Agent's Description

This one is too good to be true! Not only do you get 5 bedrooms, 3 bathrooms, and a game room, but you also get a POOL! It is a gorgeous in-ground pool waiting for new owners to come and enjoy. The downstairs is open and perfect for families or entertaining. There is a bonus room in the front of the house that could be an office or second downstairs living. There are so many possibilities that I cannot list them all! The kitchen is a DREAM! It is huge with lots of counter space and ample storage. The secondary bedrooms are all good size with good closet space. There is a loft area upstairs in addition to the gameroom! Bring your pickiest buyers!

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

Zip Code: 75407

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $114k243k

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

Zip Code: 75407

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8671734

* 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
Smith Elementary School Primary Regular NA
Clark Junior High School Middle Regular 540 33 8
Princeton High School High Regular 1,048 67 6

Smith Elementary School

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

Clark Junior High School

  • Education Level: Middle
  • # of students: 540
  • # of teachers: 33
8
GreatSchools Rating

Princeton High School

  • Education Level: High
  • # of students: 1,048
  • # of teachers: 67
6
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,217
Property Tax -$688
Property Insurance -$196
HOA -$22
Property Management Fees -$99
CASH FLOW
-$331

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.

$329,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$818

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $2,083

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,8953$1,9004$1,9955$1,995
$1,995
RENT COMPS ANALYSIS
  • 1707 Twin Hills Way Princeton, TX 1
    • 5 beds 3 baths ∙ 2,913 Sqft ∙ Built 2009 5 beds 3 baths ∙ 2,913 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.65
    •  
  • 1912 Pilot Point Way Princeton, TX 2
    • 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2018
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.70
    •  
  • 176 Tanglewood Draw Princeton, TX 3
    • 4 beds 4 baths ∙ 2,842 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,842 Sqft ∙ Built 2005
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.67
    •  
  • 1710 Hot Springs Way Princeton, TX 4
    • 5 beds 3 baths ∙ 2,658 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,658 Sqft ∙ Built 2018
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.75
    •  
  • 1616 Twin Hills Way Princeton, TX 5
    • 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,700 Sqft ∙ Built 2018
    LEASED 07/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.74
    •  
PROPERTY LISTING DETAILS
Valerie Schraplau
Bell Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471681
Last Updated: 11/15/2020
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