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

2130 Tartan Trail Highland Village, TX 75077

4 Beds 2 Baths 2,398 sqft Built 1995

$375,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $156.38
  • 5 Days on Market
  • MLS # : 14462989
  • Updated Date : 11/05/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,398 sqft
  • Baths : 2 full
Listing Agent

Godwin Group, Llc.

Listing Agent's Description

Updated and Spacious, One Story, 4 Bdrm home on Corner Lot. Hardwood flooring extends from Entry corridor into Family Room. Kitchen is centrally located for easy service to Formal and breakfast areas and offers an open style breakfast bar with views of Fireplace and lush backyard through tall windows. Hall bath is outfitted with double sinks, while Master Bath also provides his n hers vanities, separate garden tub & shower + walk in closet. Exterior amenities include an extended covered back deck for outdoor living options, sprinkler system and tall fencing for added privacy.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Briarhill Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k400k

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

Neighborhood: Briarhill Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262852

* 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
Heritage Elementary School Primary Regular 651 39 10
Briarhill Middle School Middle Regular 955 66 9
Marcus High School High Regular 2,439 151 8

Heritage Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 39
10
GreatSchools Rating

Briarhill Middle School

  • Education Level: Middle
  • # of students: 955
  • # of teachers: 66
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,384
Property Tax -$686
Property Insurance -$166
Property Management Fees -$99
CASH FLOW
$35

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.

$375,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.3%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$24,928

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,368

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2953$2,3004$2,3505$2,370
$2,370
RENT COMPS ANALYSIS
  • 2130 Tartan Trail Highland Village, TX 5
    • 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,398 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.99
    •  
  • 6310 Branchwood Trail Flower Mound, TX 1
    • 3 beds 2 baths ∙ 2,392 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,392 Sqft ∙ Built 1996
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
  • 2500 Blue Ridge Trail Flower Mound, TX 2
    • 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,422 Sqft ∙ Built 1996
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.95
    •  
  • 2517 Brandywine Drive Flower Mound, TX 3
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 1996
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
  • 6401 Blossom Trail Flower Mound, TX 4
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 1996
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.05
    •  
PROPERTY LISTING DETAILS
Julie Godwin
Godwin Group, Llc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462989
Last Updated: 11/05/2020
BESbswy