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200 Fieldcrest Circle Coppell, TX 75019

4 Beds 3 Baths 4,028 sqft Built 1985

$655,000

List Price

$3,050

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $162.61
  • 3 Days on Market
  • MLS # : 14532618
  • Updated Date : 03/19/2021 at 10:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,028 sqft
  • Baths : 3 full
Listing Agent

Mathena Real Estate

Listing Agent's Description

BACK ON MARKET, HUGE PRICE REDUCTION!! Custom-designed home on a quiet cul de sac lot in Coppell ISD just 10 minutes from DFW Airport. Too many upgrades and custom features to list here, but they are all detailed in the media! The huge area over the garage has unlimited potential. Used previously for the owner's home business, with its separate entrance, it would be perfect to build out as separate quarters for extended family, keep as a home-based business space, huge game room, or as a short-term rental to bring in additional income. There is an additional 240 sqft HVAC sunroom not included in the sqft. A storage shed and a workshop both with electricity on an oversized lot. Act fast, it won't last long!

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

Zip Code: 75019

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Zip Code: 75019

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262695

* 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
Wilson Elementary School Primary Regular 554 38 7
Coppell Middle West Middle Regular 979 62 9
Coppell High School High Regular 3,136 192 8

Wilson Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 38
7
GreatSchools Rating

Coppell Middle West

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 62
9
GreatSchools Rating

Coppell High School

  • Education Level: High
  • # of students: 3,136
  • # of teachers: 192
8
GreatSchools Rating
 

$589,500$720,500$655,000

PURCHASE PRICE

$2,745$3,355$3,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,050
EXPENSES Loan Payment -$2,275
Property Tax -$1,466
Property Insurance -$260
Property Management Fees -$99
CASH FLOW
-$1,050

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.

$655,000

PROJECTED PRICE

$3,050

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
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$1.6M$1.8M

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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$179,325

INVESTMENT

$179,325

Down Payment
$163,750
Rehab Estimate
$5,750
Closing Costs
$9,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,275

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $163,750
Loan Amount $491,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$12

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,050

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $3,370

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$3,050
1$3,0502$3,2993$3,3004$3,500
$3,500
RENT COMPS ANALYSIS
  • 200 Fieldcrest Circle Coppell, TX 1
    • 4 beds 3 baths ∙ 4,028 Sqft ∙ Built 1985 4 beds 3 baths ∙ 4,028 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.76
    •  
  • 619 Park Highlands Drive Coppell, TX 2
    • 5 beds 5 baths ∙ 4,137 Sqft ∙ Built 1999 5 beds 5 baths ∙ 4,137 Sqft ∙ Built 1999
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,299
    • $0.80
    •  
  • 217 Beechwood Lane Coppell, TX 3
    • 5 beds 4 baths ∙ 4,101 Sqft ∙ Built 1991 5 beds 4 baths ∙ 4,101 Sqft ∙ Built 1991
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.80
    •  
  • 136 Kingston Circle Coppell, TX 4
    • 5 beds 4 baths ∙ 3,836 Sqft ∙ Built 1992 5 beds 4 baths ∙ 3,836 Sqft ∙ Built 1992
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
Sean Mathena
Mathena Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532618
Last Updated: 03/19/2021
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