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218 Pebble Beach Drive Trophy Club, TX 76262

3 Beds 2 Baths 2,251 sqft Built 1983

$424,900

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $188.76
  • 2 Days on Market
  • MLS # : 14505464
  • Updated Date : 01/23/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,251 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Updates galore! New HVAC, new fixtures, new flooring, new paint, new granite counters, newer appliances, newer hot water heater. This beautiful 1 story home is perfect for entertaining both inside and out. Large kitchen with breakfast and formal dining areas. 2 living rooms. Covered back patio. Saltwater pool in the backyard. The front windows are new and the glass replaced in the others.

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: Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k487k

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

Neighborhood: Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $11263909

* 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
Samuel Beck Elementary School Primary Regular 731 47 10
Medlin Middle School Middle Regular 1,078 65 8

Samuel Beck Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 47
10
GreatSchools Rating

Medlin Middle School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 65
8
GreatSchools Rating
 

$382,410$467,390$424,900

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,476
Property Tax -$807
Property Insurance -$157
Property Management Fees -$99
CASH FLOW
-$59

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.

$424,900

PROJECTED PRICE

$2,480

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.9%
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$1.4M

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$118,349

INVESTMENT

$118,349

Down Payment
$106,225
Rehab Estimate
$5,750
Closing Costs
$6,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,225
Loan Amount $318,675
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$15,381

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,510

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,480
1$2,4802$2,6003$2,6954$2,7005$2,800
$2,800
RENT COMPS ANALYSIS
  • 218 Pebble Beach Drive Trophy Club, TX 1
    • 3 beds 2 baths ∙ 2,251 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,251 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $1.10
    •  
  • 57 Meadowbrook Lane Trophy Club, TX 2
    • 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,386 Sqft ∙ Built 1986
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.09
    •  
  • 10 Skyline Drive Trophy Club, TX 3
    • 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,223 Sqft ∙ Built 1988
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.21
    •  
  • 509 Indian Creek Drive Trophy Club, TX 4
    • 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 1979
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.06
    •  
  • 609 Indian Creek Drive Trophy Club, TX 5
    • 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1997
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.10
    •  
PROPERTY LISTING DETAILS
Stephanie Ziemann
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14505464
Last Updated: 01/23/2021
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