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200 Fieldcrest Circle Coppell, TX 75019

4 Beds 3 Baths 4,028 sqft Built 1985

$749,900

List Price

$3,260

$3K - $3.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $186.17
  • 2 Days on Market
  • MLS # : 14444962
  • Updated Date : 11/07/2020 at 10:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,028 sqft
  • Baths : 3 full
Listing Agent

Briggs Freeman Sotheby's Inter

Listing Agent's Description

CUSTOM HOME ON OVERSIZED CUL DE SAC LOT, COPPELL ISD! Fabulous home w versatile floorplan, so many custom features. Tons of upgrades & improvements incl new roof, interior, exterior paint, french drains, exterior lights 2020. Remodeled eat-in kitch w exotic granite, stainless steel backspl, Codarus glass Italian chandelier, pop-up ceiling, SS appl incl Kitchenaid dbl ovens, eat-in w built-ins, matching chandelier. Remodeled master BA w granite. Versatile oversized gamerm w exterior access, perfect for at-home business. ADDTL 240 SQFT HVAC SUNROOM-NOT INCL IN 4028 SQ FT, separate shed AND workshop, both w electricity. Crown molding, parquet floors, new carpet in formals, dumbwaiter. See media for upgrades list.

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: 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
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,934$3,586$3,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,260
EXPENSES Loan Payment -$2,767
Property Tax -$1,679
Property Insurance -$260
Property Management Fees -$99
CASH FLOW
-$1,545

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.

$749,900

PROJECTED PRICE

$3,260

PROJECTED RENT

0.43%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$77

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,260

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $3,323

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2603$3,3004$3,4005$3,500
$3,500
RENT COMPS ANALYSIS
  • 200 Fieldcrest Circle Coppell, TX 2
    • 4 beds 3 baths ∙ 4,028 Sqft ∙ Built 1985 4 beds 3 baths ∙ 4,028 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $3,260
    • $0.81
    •  
  • 334 Copperstone Coppell, TX 1
    • 4 beds 4 baths ∙ 3,974 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,974 Sqft ∙ Built 1996
    LEASED 12/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.75
    •  
  • 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
    •  
  • 113 Branchwood Trail Coppell, TX 4
    • 5 beds 4 baths ∙ 4,040 Sqft ∙ Built 1994 5 beds 4 baths ∙ 4,040 Sqft ∙ Built 1994
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.84
    •  
  • 136 Kingston Circle Coppell, TX 5
    • 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
Linda Baker
Briggs Freeman Sotheby's Inter
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14444962
Last Updated: 11/07/2020
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