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1721 White Tail Drive Prosper, TX 75078

4 Beds 3 Baths 2,803 sqft Built 2018

INVESTimate

$549,000

List Price

$2,420

$2,178 - $2,662

Rent Est.

$576,725  ( +5.05%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $195.86
  • 6 Days on Market
  • MLS # : 14418049
  • Updated Date : 08/21/2020 at 09:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,803 sqft
  • Baths : 3 full
Listing Agent

William Davis Realty Frisco

Listing Agent's Description

Impressive Star Trail one story Highland home with 4 car garage! Full of upgrades like wood floors, extended master, stone fireplace, 7.1 surround sound in media room, hot water re-circulation system delivers instant hot water, upgraded paint, extra storage in garage, extended back patio covering, extended driveway for extra parking, extensive landscaping w mature trees on a pool sized quarter acre lot. Gourmet kitchen features ss appliances, granite counters, large island. large master suite with spa like bath. Bonus room can be 5th bedroom, office, or gym. Star Trail is an award winning community with incredible amenities and top rated Prosper Isd.

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: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Zip Code: 75078

ZipNIR 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
 

$494,100$603,900$549,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

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-$20k-$15k-$10k-$5.0k$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$2,026
Property Tax -$1,073
Property Insurance -$189
HOA -$100
Property Management Fees -$99
CASH FLOW
-$1,066

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.

$549,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.05%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,235

INVESTMENT

$151,235

Down Payment
$137,250
Rehab Estimate
$5,750
Closing Costs
$8,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,250
Loan Amount $411,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$31

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,425

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3503$2,4204$2,4755$2,700
$2,700
RENT COMPS ANALYSIS
  • 1721 White Tail Drive Prosper, TX 3
    • 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,803 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.86
    •  
  • 2405 Grant Park Way Prosper, TX 1
    • 4 beds 4 baths ∙ 2,540 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,540 Sqft ∙ Built 2018
    LEASED 07/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 2104 Grant Park Way Prosper, TX 2
    • 4 beds 2 baths ∙ 2,704 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,704 Sqft ∙ Built 2018
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.87
    •  
  • 3408 Cimarron River Drive Celina, TX 4
    • 4 beds 4 baths ∙ 3,023 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,023 Sqft ∙ Built 2018
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.82
    •  
  • 16716 Central Garden Lane Prosper, TX 5
    • 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2017
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.90
    •  
PROPERTY LISTING DETAILS
Matt Calloway
William Davis Realty Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418049
Last Updated: 08/21/2020
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