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212 Heather Glen Drive Coppell, TX 75019

3 Beds 2 Baths 1,500 sqft Built 1982

$320,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $213.33
  • 4 Days on Market
  • MLS # : 14530100
  • Updated Date : 03/20/2021 at 14:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,500 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

LOCATION! LOCATION! One story home ready for you to make it your own! Desirable Coppell Schools! Walking distance to shops and restaurants! This little gem is located on a large corner lot with a swimming pool and new fence for privacy. Freshly painted interior. Separate vanities and walk in closets in master bedroom. 3rd bedroom has built in shelves and could serve as a home office. Virtual walk through tour available.

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: Braewood West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k448k

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

Neighborhood: Braewood West

NeighborhoodNIR 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
Austin Elementary School Primary Regular 501 35 8
Coppell Middle East Middle Regular 905 55 10
Coppell High School High Regular 3,136 192 8

Austin Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 35
8
GreatSchools Rating

Coppell Middle East

  • Education Level: Middle
  • # of students: 905
  • # of teachers: 55
10
GreatSchools Rating

Coppell High School

  • Education Level: High
  • # of students: 3,136
  • # of teachers: 192
8
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,111
Property Tax -$716
Property Insurance -$114
Property Management Fees -$99
CASH FLOW
-$81

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.

$320,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 11.5%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,574

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $1,800

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,9004$1,9505$1,960
$1,960
RENT COMPS ANALYSIS
  • 212 Heather Glen Drive Coppell, TX 5
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.31
    •  
  • 136 Heather Glen Drive Coppell, TX 1
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1983
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.24
    •  
  • 344 Westwood Court Coppell, TX 2
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1983
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.17
    •  
  • 300 Willow Springs Drive Coppell, TX 3
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1980
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.22
    •  
  • 317 Lakewood Court Coppell, TX 4
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1982
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.17
    •  
PROPERTY LISTING DETAILS
Christy Arnold
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 #: 14530100
Last Updated: 03/20/2021
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