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1708 Stonewall Road Argyle, TX 76226

4 Beds 5 Baths 3,254 sqft Built 2020

$487,681

List Price

$3,830

$3.6K - $4.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $149.87
  • 3 Days on Market
  • MLS # : 14518234
  • Updated Date : 02/12/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,254 sqft
  • Baths : 4 full , 1 half
Listing Agent

David M. Weekley

Listing Agent's Description

NEW DAVID WEEKLEY HOME! Ask about our 1-2-10 year warranty and save big with our Energy Saver Program!

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: 76226

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k417k

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

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262773

* 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
Argyle Intermediate School Primary Regular 295 17 8
Argyle Intermediate School Middle Regular 295 17 8
Argyle High School High Regular 711 50 8

Argyle Intermediate School

  • Education Level: Primary
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle Intermediate School

  • Education Level: Middle
  • # of students: 295
  • # of teachers: 17
8
GreatSchools Rating

Argyle High School

  • Education Level: High
  • # of students: 711
  • # of teachers: 50
8
GreatSchools Rating
 

$438,913$536,449$487,681

PURCHASE PRICE

$3,447$4,213$3,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,830
EXPENSES Loan Payment -$1,694
Property Tax -$970
Property Insurance -$215
HOA -$92
Property Management Fees -$99
CASH FLOW
$760

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$487,681

PROJECTED PRICE

$3,830

PROJECTED RENT

0.79%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 3.00%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$131,235

INVESTMENT

$131,235

Down Payment
$121,920
Rehab Estimate
$2,000
Closing Costs
$7,315

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,920
Loan Amount $365,761
See What Happens When You Reinvest Cash Flow

12.67

YEARS SAVED

$101,054

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,830

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $3,807

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$3,450
1$3,4502$3,7503$3,8304$3,8505$4,000
$4,000
RENT COMPS ANALYSIS
  • 1708 Stonewall Road Argyle, TX 3
    • 4 beds 5 baths ∙ 3,254 Sqft ∙ Built 2020 4 beds 5 baths ∙ 3,254 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $3,830
    • $1.18
    •  
  • 1201 9th Street Argyle, TX 1
    • 4 beds 4 baths ∙ 3,284 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,284 Sqft ∙ Built 2017
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.05
    •  
  • 720 Sunflower Avenue Argyle, TX 2
    • 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 2019 4 beds 3 baths ∙ 3,307 Sqft ∙ Built 2019
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $1.13
    •  
  • 400 Sunflower Avenue Argyle, TX 4
    • 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,068 Sqft ∙ Built 2015
    LEASED 01/30/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.25
    •  
  • 1301 5th Street Argyle, TX 5
    • 4 beds 4 baths ∙ 3,192 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,192 Sqft ∙ Built 2015
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.25
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14518234
Last Updated: 02/12/2021
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