Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1726 Tuscan Ridge Circle Southlake, TX 76092

4 Beds 4 Baths 4,001 sqft Built 2008

INVESTimate

$745,000

List Price

$4,080

$3,830 - $4,330

Rent Est.

$778,674  ( +4.52%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $186.20
  • 5 Days on Market
  • MLS # : 14379300
  • Updated Date : 08/22/2020 at 10:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,001 sqft
  • Baths : 4 full
Listing Agent

Briggs Freeman Sotheby's Int'l

Listing Agent's Description

Be inspired! The sweeping staircase welcomes you into the formal areas: dining & living. You’ll enjoy working from home in the executive study, highlighted by the see-thru fireplace. The open kitchen and den is ideal for family & entertaining with plenty of seating & expansive cooking area. Guest bedroom + master retreat with great closet are downstairs; Upstairs: two large bedrooms with full baths, game room, kitchenette, + a fabulous media room. Move right in: kitchen + laundry room refrigerators, pool table + equipment remain. Private backyard retreat with traditional fireplace and open patio to enjoy dinner and drinks. Rare 3 car garage in this neighborhood. DFW airport, shopping & dining are close.

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

Neighborhood: Tuscan Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $123k722k

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

Neighborhood: Tuscan Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $11264415

* 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
Durham Intermediate School Primary Regular 628 42 10
Carroll Middle School Middle Regular 659 44 10
Carroll Middle School High Regular 659 44 10

Durham Intermediate School

  • Education Level: Primary
  • # of students: 628
  • # of teachers: 42
10
GreatSchools Rating

Carroll Middle School

  • Education Level: Middle
  • # of students: 659
  • # of teachers: 44
10
GreatSchools Rating

Carroll Middle School

  • Education Level: High
  • # of students: 659
  • # of teachers: 44
10
GreatSchools Rating
 

$670,500$819,500$745,000

PURCHASE PRICE

$3,672$4,488$4,080

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,080
EXPENSES Loan Payment -$2,749
Property Tax -$1,503
Property Insurance -$258
HOA -$100
Property Management Fees -$99
CASH FLOW
-$629

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.

$745,000

PROJECTED PRICE

$4,080

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.52%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$203,175

INVESTMENT

$203,175

Down Payment
$186,250
Rehab Estimate
$5,750
Closing Costs
$11,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,749

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $186,250
Loan Amount $558,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,705

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,080

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $4,101

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$3,975
1$3,9752$4,0803$4,2504$4,3505$4,600
$4,600
RENT COMPS ANALYSIS
  • 1726 Tuscan Ridge Circle Southlake, TX 2
    • 4 beds 4 baths ∙ 4,001 Sqft ∙ Built 2008 4 beds 4 baths ∙ 4,001 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $4,080
    • $1.02
    •  
  • 1364 Holland Hill Southlake, TX 1
    • 4 beds 4 baths ∙ 4,112 Sqft ∙ Built 1988 4 beds 4 baths ∙ 4,112 Sqft ∙ Built 1988
    property image
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,975
    • $0.97
    •  
  • 1212 Brazos Drive Southlake, TX 3
    • 4 beds 4 baths ∙ 4,306 Sqft ∙ Built 1990 4 beds 4 baths ∙ 4,306 Sqft ∙ Built 1990
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $0.99
    •  
  • 700 Dover Place Southlake, TX 4
    • 5 beds 5 baths ∙ 4,065 Sqft ∙ Built 1994 5 beds 5 baths ∙ 4,065 Sqft ∙ Built 1994
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,350
    • $1.07
    •  
  • 1212 Normandy Drive Southlake, TX 5
    • 4 beds 4 baths ∙ 4,318 Sqft ∙ Built 1993 4 beds 4 baths ∙ 4,318 Sqft ∙ Built 1993
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,600
    • $1.07
    •  
PROPERTY LISTING DETAILS
Carol Russo
Briggs Freeman Sotheby's Int'l
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14379300
Last Updated: 08/22/2020
BESbswy