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220 Steamboat Drive Coppell, TX 75019

4 Beds 3 Baths 2,344 sqft Built 1985

$475,000

List Price

$2,510

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $202.65
  • 3 Days on Market
  • MLS # : 14511124
  • Updated Date : 02/05/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,344 sqft
  • Baths : 3 full
Listing Agent

2415 Realty

Listing Agent's Description

Beautiful Coppell home nestled in highly sought after Shadow Ridge Estates. Walk into this bright and open floor plan with beautiful hard wood hand scraped floors throughout the entire house. There is a separate bedroom near the garage and its own patio door, away from the other bedrooms that would make a great guest room, work out room, or private office. There are 2 living areas perfect for a game room or play room. Your favorite part of this house will be the pool in the back yard! With a relaxing water feature you will love being out in your own back yard this summer. Come look today!

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
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,259$2,761$2,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,510
EXPENSES Loan Payment -$1,650
Property Tax -$1,063
Property Insurance -$163
Property Management Fees -$99
CASH FLOW
-$465

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.

$475,000

PROJECTED PRICE

$2,510

PROJECTED RENT

0.53%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$671

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,510

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,461

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2753$2,5004$2,5105$2,600
$2,600
RENT COMPS ANALYSIS
  • 220 Steamboat Drive Coppell, TX 4
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,510
    • $1.07
    •  
  • 441 Cozby Avenue Coppell, TX 1
    • 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1984
    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
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.02
    •  
  • 163 Newport Drive Coppell, TX 3
    • 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,350 Sqft ∙ Built 1993
    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
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.11
    •  
PROPERTY LISTING DETAILS
Jason Moore
2415 Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511124
Last Updated: 02/05/2021
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