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220 Oak Hill Dr Drive Trophy Club, TX 76262

4 Beds 3 Baths 3,373 sqft Built 2001

INVESTimate

$549,989

List Price

$3,260

$3,010 - $3,510

Rent Est.

$584,913  ( +6.35%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $163.06
  • 8 Days on Market
  • MLS # : 14416280
  • Updated Date : 08/20/2020 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,373 sqft
  • Baths : 3 full
Listing Agent

Infinit Realty Group, Inc

Listing Agent's Description

Escape to the Beauty of Distant Views & the Golf Course! Home Features 3373 Sq Ft., or 3 or 4 Living Areas, 2 Dining Areas, 3 OR 4 BDRMS (4 if 2nd floor flex room is used as bedroom), 3 Baths, Plus Study! Master Suite & 2 Bedrooms Down. Kitchen & Nook Open To Family Rm that Features Corner Fireplace & Wall of Windows that View Exquisite Backyard & Extended Patio. 2nd Floor Flex room is perfect area to see many firework displays or it also makes the perfect 2nd At-Home Office, Game Room or Media Room. 3rd Floor has a Beautifully finished Studio Area for Hobbies with Lots of Great Build-in Storage & a Large working counter. Also, great Man Cave! Large Private Covered Deck to Relax or Entertain Family & Friends.

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 Oak Hill

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k493k

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

Neighborhood: Trophy Club Oak Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263169

* 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
Lakeview Elementary School Primary Regular 571 35 7
Medlin Middle School Middle Regular 1,078 65 8

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 35
7
GreatSchools Rating

Medlin Middle School

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

$494,990$604,988$549,989

PURCHASE PRICE

$2,934$3,586$3,260

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

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$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,260
EXPENSES Loan Payment -$2,029
Property Tax -$1,044
Property Insurance -$222
Property Management Fees -$99
CASH FLOW
-$134

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.

$549,989

PROJECTED PRICE

$3,260

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.35%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,497

INVESTMENT

$151,497

Down Payment
$137,497
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,497
Loan Amount $412,492
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$20,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,260

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $3,348

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2403$3,2494$3,2505$3,260
$3,260
RENT COMPS ANALYSIS
  • 220 Oak Hill Dr Drive Trophy Club, TX 5
    • 4 beds 3 baths ∙ 3,373 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,373 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,260
    • $0.97
    •  
  • 2850 Sherwood Drive Trophy Club, TX 1
    • 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2015
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.00
    •  
  • 2826 Exeter Drive Trophy Club, TX 2
    • 4 beds 4 baths ∙ 3,211 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,211 Sqft ∙ Built 2013
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $1.01
    •  
  • 2864 Nottingham Drive Trophy Club, TX 3
    • 4 beds 4 baths ∙ 3,462 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,462 Sqft ∙ Built 2016
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,249
    • $0.94
    •  
  • 2823 Exeter Drive Trophy Club, TX 4
    • 4 beds 4 baths ∙ 3,189 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,189 Sqft ∙ Built 2013
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.02
    •  
PROPERTY LISTING DETAILS
Ramona Deaton
Infinit Realty Group, Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416280
Last Updated: 08/20/2020
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