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208 Birdcall Lane Argyle, TX 76226

4 Beds 3 Baths 3,144 sqft Built 2015

$445,000

List Price

$3,030

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $141.54
  • 3 Days on Market
  • MLS # : 14534968
  • Updated Date : 03/27/2021 at 23:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,144 sqft
  • Baths : 3 full
Listing Agent

Magnolia Realty Argyle

Listing Agent's Description

**Multiple Offers Received** Please submit highest and best by Sunday, March 28th at 7:00 PM. WELCOME HOME to this single-story Highland Home located in the highly sought-after Harvest Community and Argyle ISD. When you walk in you're met with soaring ceilings and hand-scraped hardwood floors guiding you into this open floorplan. The gourmet kitchen features stainless steel appliances, a 5-burner gas cooktop, double oven, granite countertops, oversized island, and more! After spending your evenings out on your covered outdoor paradise with flatscreen wiring, and a fireplace; Enjoy your large living space centered with a stone gas log fireplace, and surround sound making this home perfect for entertaining.

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

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k417k

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

Zip Code: 76226

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262773

* 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
Hilltop Elementary School Primary Regular 710 47 7
Argyle Middle School Middle Regular 347 21 7
Argyle High School High Regular 711 50 8

Hilltop Elementary School

  • Education Level: Primary
  • # of students: 710
  • # of teachers: 47
7
GreatSchools Rating

Argyle Middle School

  • Education Level: Middle
  • # of students: 347
  • # of teachers: 21
7
GreatSchools Rating

Argyle High School

  • Education Level: High
  • # of students: 711
  • # of teachers: 50
8
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$2,727$3,333$3,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,030
EXPENSES Loan Payment -$1,546
Property Tax -$999
Property Insurance -$209
HOA -$92
Property Management Fees -$99
CASH FLOW
$86

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.

$445,000

PROJECTED PRICE

$3,030

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.6%
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-$5.0k$0.0$5.0k$10k$15k

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$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$24,114

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,030

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,333

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$3,030
1$3,0302$3,2003$3,2754$3,4505$3,500
$3,500
RENT COMPS ANALYSIS
  • 208 Birdcall Lane Argyle, TX 1
    • 4 beds 3 baths ∙ 3,144 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,144 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $3,030
    • $0.96
    •  
  • 220 Sunrise Drive Argyle, TX 2
    • 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,100 Sqft ∙ Built 2015
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.03
    •  
  • 224 Lilypad Bend Argyle, TX 3
    • 5 beds 4 baths ∙ 3,240 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,240 Sqft ∙ Built 2013
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,275
    • $1.01
    •  
  • 224 Birdcall Lane Argyle, TX 4
    • 4 beds 4 baths ∙ 3,015 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,015 Sqft ∙ Built 2013
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.14
    •  
  • 233 Lilypad Bend Argyle, TX 5
    • 4 beds 3 baths ∙ 3,293 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,293 Sqft ∙ Built 2014
    LEASED 03/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Kimberly Reding
Magnolia Realty Argyle
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14534968
Last Updated: 03/27/2021
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