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2017 Campbell Parkway Richardson, TX 75082

4 Beds 3 Baths 2,328 sqft Built 1980

$390,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $167.53
  • 3 Days on Market
  • MLS # : 14468866
  • Updated Date : 12/04/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,328 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Move in ready 4 bedroom home with modern touches throughout including soft gray and white colors, updated bathrooms, kitchen and much more. Find flowing floorplan with spacious main living area, built in shelving and cabinetry plus gas starter fireplace with mantle and stone detail. Galley kitchen with granite counters, stainless steel appliances and breakfast room with additional cabinetry. Pendant lighting and shiplap ceiling create a memorable space. Master suite is fashioned with sliding barn doors, his and her vanities with separate walk in closets and large shower. Don't miss separate office perfect for those working from home! Recently replaced roof and windows, 8 foot privacy fence, 2 car garage.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: University Estates North

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k391k

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

Neighborhood: University Estates North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262364

* 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
Yale Elementary School Primary Regular 428 29 8
Yale Elementary School Middle Regular 428 29 8
Berkner High School High Regular 2,494 174 4

Yale Elementary School

  • Education Level: Primary
  • # of students: 428
  • # of teachers: 29
8
GreatSchools Rating

Yale Elementary School

  • Education Level: Middle
  • # of students: 428
  • # of teachers: 29
8
GreatSchools Rating

Berkner High School

  • Education Level: High
  • # of students: 2,494
  • # of teachers: 174
4
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,439
Property Tax -$911
Property Insurance -$162
Property Management Fees -$99
CASH FLOW
-$370

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.

$390,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.6%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,195

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,979

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9953$2,0004$2,1505$2,240
$2,240
RENT COMPS ANALYSIS
  • 2017 Campbell Parkway Richardson, TX 5
    • 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,328 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.96
    •  
  • 1909 Campbell Trail Richardson, TX 1
    • 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1984
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.80
    •  
  • 1515 Summertree Court Richardson, TX 2
    • 4 beds 2 baths ∙ 2,309 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,309 Sqft ∙ Built 1978
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
  • 1908 Forestwood Drive Richardson, TX 3
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1975 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1975
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 3422 Heather Hill Drive Garland, TX 4
    • 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,381 Sqft ∙ Built 1979
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.90
    •  
PROPERTY LISTING DETAILS
Stacey E Sauer
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14468866
Last Updated: 12/04/2020
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