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217 Plantation Drive Coppell, TX 75019

4 Beds 2 Baths 2,345 sqft Built 1985

$403,500

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $172.07
  • 3 Days on Market
  • MLS # : 14474643
  • Updated Date : 11/20/2020 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,345 sqft
  • Baths : 2 full
Listing Agent

Texas Ally Real Estate Group

Listing Agent's Description

Beautifully maintained custom Home in the heart of Coppell. Outstanding layout with a large formal living room and dining room. Bright rooms with lots of natural lights, spacious updated kitchen with granite countertops, wood floors, fireplace and wet bar. Isolated master with separate tub and shower, a true owners retreat. Enjoy the outdoors with the covered patio and the backyard oasis. This gorgeous house is close to Coppell ISD elementary school, Coppell high school, and minutes from DFW airport.

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

Zip Code: 75019

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Zip Code: 75019

ZipNIR 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
Wilson Elementary School Primary Regular 554 38 7
Coppell Middle West Middle Regular 979 62 9
Coppell High School High Regular 3,136 192 8

Wilson Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 38
7
GreatSchools Rating

Coppell Middle West

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 62
9
GreatSchools Rating

Coppell High School

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

$363,150$443,850$403,500

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,489
Property Tax -$903
Property Insurance -$163
Property Management Fees -$99
CASH FLOW
-$164

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.

$403,500

PROJECTED PRICE

$2,490

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$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$112,678

INVESTMENT

$112,678

Down Payment
$100,875
Rehab Estimate
$5,750
Closing Costs
$6,053

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,489

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,875
Loan Amount $302,625
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,615

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,462

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2753$2,4904$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 217 Plantation Drive Coppell, TX 3
    • 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.06
    •  
  • 441 Cozby Avenue Coppell, TX 1
    • 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1984
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 531 Hawken Drive Coppell, TX 2
    • 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,240 Sqft ∙ Built 2001
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.02
    •  
  • 163 Newport Drive Coppell, TX 4
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1993
    property image
    LEASED 08/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.06
    •  
  • 142 Windham Coppell, TX 5
    • 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,350 Sqft ∙ Built 1991
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.11
    •  
PROPERTY LISTING DETAILS
Alexis Goenawein
Texas Ally Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474643
Last Updated: 11/20/2020
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