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1745 Chase Oaks Drive Keller, TX 76248

3 Beds 3 Baths 2,895 sqft Built 1995

$419,000

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $144.73
  • 3 Days on Market
  • MLS # : 14513630
  • Updated Date : 02/06/2021 at 08:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,895 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Wall Team Realty Assoc

Listing Agent's Description

HIGHEST & BEST DUE BY 9PM SATURDAY, FEBRUARY 6TH. STUNNING Scott Fielder custom home in Chase Oaks with backyard oasis. Beautiful Chef’s kitchen hosts beamed ceiling, huge island, wine fridge & rack, cabinets GALORE, & farm sink. Den is perfect for entertaining guests with a gas fireplace & views of the backyard. Oversized owner's retreat will blow you away with a large flex room. Fully updated Owner’s en suite with jetted tub, dual vanities & separate shower. Entertainer’s dream backyard has a covered patio, lush landscape, stone sitting wall with pergola, and lagoon-style salt pool & spa with waterfall. This truly is a MUST SEE!

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: Chase Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Neighborhood: Chase Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262706

* 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
Willis Lane Elementary School Primary Regular 486 33 10
Keller High School High Regular 2,645 145 10
Keller High School High Unknown NA

Willis Lane Elementary School

  • Education Level: Primary
  • # of students: 486
  • # of teachers: 33
10
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating

Keller High School

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

$377,100$460,900$419,000

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$1,455
Property Tax -$879
Property Insurance -$194
HOA -$17
Property Management Fees -$99
CASH FLOW
-$75

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.

$419,000

PROJECTED PRICE

$2,570

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,455

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,881

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,570
1$2,5702$2,7003$2,9504$2,9955$2,995
$2,995
RENT COMPS ANALYSIS
  • 1745 Chase Oaks Drive Keller, TX 1
    • 3 beds 3 baths ∙ 2,895 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,895 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $0.89
    •  
  • 914 Rush Creek Road Keller, TX 2
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1991
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.99
    •  
  • 1924 Overlook Ridge Drive Keller, TX 3
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 1996
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.98
    •  
  • 2112 Serene Court Keller, TX 4
    • 4 beds 4 baths ∙ 3,092 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,092 Sqft ∙ Built 2010
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.97
    •  
  • 2108 Serene Court Keller, TX 5
    • 4 beds 4 baths ∙ 2,878 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,878 Sqft ∙ Built 2010
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.04
    •  
PROPERTY LISTING DETAILS
Laurie Wall
The Wall Team Realty Assoc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513630
Last Updated: 02/06/2021
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