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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75019
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
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
-
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
2415 Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14511124
Last Updated: 02/05/2021
