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2041 Sunny Side Drive Little Elm, TX 75068

3 Beds 2 Baths 1,579 sqft Built 2009

$269,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $170.93
  • 3 Days on Market
  • MLS # : 14513921
  • Updated Date : 02/05/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,579 sqft
  • Baths : 2 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Welcome home to sought after Sunset Point in Little Elm. This popular one story floorplan has been lovingly cared for by one owner. Enjoy entertaining family and friends in this open dining, kitchen and family room space. Updated appliances in 2020, roof and gutters replaced 2020, new water heater 2019 and HVAC attic unit in 2017. Large primary suite with private bath with dual sinks, separate shower and garden tub perfect for relaxing. Large backyard is ready for you to create your dream outdoor living space. Close to area restaurants, shopping, Little Elm Schools and Lake Lewisville attractions.

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: Sunset Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k371k

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

Neighborhood: Sunset Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Lakeview Elementary School Primary Regular 581 38 6
Lakeside Middle School Middle Regular 1,181 69 3
Little Elm High School High Regular 1,866 97 6

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 38
6
GreatSchools Rating

Lakeside Middle School

  • Education Level: Middle
  • # of students: 1,181
  • # of teachers: 69
3
GreatSchools Rating

Little Elm High School

  • Education Level: High
  • # of students: 1,866
  • # of teachers: 97
6
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$937
Property Tax -$566
Property Insurance -$118
HOA -$50
Property Management Fees -$99
CASH FLOW
-$101

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.

$269,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,232

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,725

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6703$1,6994$1,8005$1,800
$1,800
RENT COMPS ANALYSIS
  • 2041 Sunny Side Drive Little Elm, TX 2
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.06
    •  
  • 2237 Maple Drive Little Elm, TX 1
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 2736 Peach Drive Little Elm, TX 3
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2001
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.13
    •  
  • 2705 Lumina Drive Little Elm, TX 4
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2005
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.13
    •  
  • 2301 Aurora Drive Little Elm, TX 5
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2005
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.09
    •  
PROPERTY LISTING DETAILS
Tammy Lowe
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14513921
Last Updated: 02/05/2021
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