Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2100 Windomere Drive Prosper, TX 75078

4 Beds 4 Baths 3,006 sqft Built 2021

$718,900

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $239.16
  • 4 Days on Market
  • MLS # : 14496000
  • Updated Date : 01/07/2021 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,006 sqft
  • Baths : 3 full , 1 half
Listing Agent

Britton Homes

Listing Agent's Description

BRITTON HOMES NEW CONSTRUCTION! Welcoming entry with 12-foot ceiling. Media room with French doors off extended entry with 13-foot coffered ceiling. Kitchen opens to family room and adjoining dining area. Family room features a sliding glass door and a corner fireplace. Kitchen offers corner walk-in pantry and generous island with built-in seating space. Primary suite includes bedroom with 15-foot ceiling and wall of windows. Dual vanities, garden tub, separate glass-enclosed shower and two walk-in closets in primary bath. Guest suite. A Jack-and-Jill bath connects to second and third bedroom. Covered backyard patio. Mud room off three-car garage.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Windsong Elementary School Primary Regular NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Windsong Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$647,010$790,790$718,900

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,497
Property Tax -$1,405
Property Insurance -$201
HOA -$100
Property Management Fees -$99
CASH FLOW
-$1,771

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$718,900

PROJECTED PRICE

$2,530

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 3.00%
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$192,509

INVESTMENT

$192,509

Down Payment
$179,725
Rehab Estimate
$2,000
Closing Costs
$10,784

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,497

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $179,725
Loan Amount $539,175
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$2,141

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,563

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5303$2,5904$2,6005$2,700
$2,700
RENT COMPS ANALYSIS
  • 2100 Windomere Drive Prosper, TX 2
    • 4 beds 4 baths ∙ 3,006 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,006 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.84
    •  
  • 16720 Lincoln Park Lane Prosper, TX 1
    • 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2016
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.83
    •  
  • 16617 Amistad Avenue Prosper, TX 3
    • 5 beds 4 baths ∙ 3,095 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,095 Sqft ∙ Built 2014
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.84
    •  
  • 16612 Central Garden Lane Prosper, TX 4
    • 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,094 Sqft ∙ Built 2017
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
  • 16716 Central Garden Lane Prosper, TX 5
    • 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,007 Sqft ∙ Built 2017
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.90
    •  
PROPERTY LISTING DETAILS
Larry Delzell
Britton Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496000
Last Updated: 01/07/2021
BESbswy