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1716 Little River Court Desoto, TX 75115

5 Beds 4 Baths 3,863 sqft Built 2005

$395,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $102.25
  • 2 Days on Market
  • MLS # : 14531742
  • Updated Date : 03/12/2021 at 22:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,863 sqft
  • Baths : 3 full , 1 half
Listing Agent

United Real Estate

Listing Agent's Description

Completely remodeled 5 bed-3 car garage home on corner lot! You’ll be amazed when you enter your new home boasting of tons of windows, natural light, luxury no-noise vinyl floors, fresh carpet with gameroom & media. The spacious owner’s suite has large bath & tons of closet space. Its bath has separate sinks, jetted tub, seamless shower & extra vanity space. Your new home has formals, SS wiring in media, dry bar, & butler’s pantry perfect for entertaining. The large secondary bedrooms have walk-in closets. 5th bedroom has separate bath perfect for guests or mother-in-love suite. Large backyard is great for outside play or just enjoying the sun. Loaded with tons of storage this home will make you fall in love!

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: Stillwater Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Stillwater Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10602575

* 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
Cockrell Hill Elementary School Primary Regular 565 37 5
Curtistene S Mccowan Middle School Middle Regular 846 52 2

Cockrell Hill Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 37
5
GreatSchools Rating

Curtistene S Mccowan Middle School

  • Education Level: Middle
  • # of students: 846
  • # of teachers: 52
2
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,372
Property Tax -$944
Property Insurance -$250
HOA -$21
Property Management Fees -$99
CASH FLOW
-$196

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.

$395,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.9%
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-$8.0k-$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$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,279

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $2,472

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,4903$2,5004$2,5505$2,650
$2,650
RENT COMPS ANALYSIS
  • 1716 Little River Court Desoto, TX 2
    • 5 beds 4 baths ∙ 3,863 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,863 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.64
    •  
  • 406 Mountain Circle Desoto, TX 1
    • 4 beds 4 baths ∙ 3,999 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,999 Sqft ∙ Built 2001
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.57
    •  
  • 1220 Clover Hill Lane Desoto, TX 3
    • 5 beds 4 baths ∙ 3,855 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,855 Sqft ∙ Built 2006
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.65
    •  
  • 1412 Daventry Drive Desoto, TX 4
    • 5 beds 4 baths ∙ 3,663 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,663 Sqft ∙ Built 1996
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.70
    •  
  • 317 Royal Crest Drive Desoto, TX 5
    • 5 beds 4 baths ∙ 4,128 Sqft ∙ Built 2003 5 beds 4 baths ∙ 4,128 Sqft ∙ Built 2003
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.64
    •  
PROPERTY LISTING DETAILS
Michelle Johnson
United Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531742
Last Updated: 03/12/2021
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