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221 Canterbury Street Euless, TX 76039

5 Beds 3 Baths 2,069 sqft Built 1989

$359,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $173.51
  • 4 Days on Market
  • MLS # : 14508400
  • Updated Date : 01/28/2021 at 18:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,069 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Grapevine Colleyville ISD under $400K with Pool in Established neighborhood. Move in Ready, Fresh paint and some New Carpet. Beautiful Living, Dining area has bay windows and tons of natural light. Kitchen has glass faced cabinets. Corian countertops, built in microwave, breakfast bar & overlooks spacious backyard with pool. Owners retreat with vaulted ceilings has sitting area. Dual Sinks, seperate showers, Near Shopping, Restaurants, & Entertainment. Great access to Dallas or Ft. Worth A must see!

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chelsea Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280kPrice in $122k288k

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

Neighborhood: Chelsea Park Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9931957

* 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
Bear Creek Elementary School Primary Regular 765 49 7
Colleyville Heritage High School High Regular 2,222 135 8
Colleyville Heritage High School High Unknown NA

Bear Creek Elementary School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 49
7
GreatSchools Rating

Colleyville Heritage High School

  • Education Level: High
  • # of students: 2,222
  • # of teachers: 135
8
GreatSchools Rating

Colleyville Heritage High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,247
Property Tax -$678
Property Insurance -$147
Property Management Fees -$99
CASH FLOW
$10

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$359,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,247

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,292

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,121

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9503$2,0954$2,1805$2,295
$2,295
RENT COMPS ANALYSIS
  • 221 Canterbury Street Euless, TX 4
    • 5 beds 3 baths ∙ 2,069 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,069 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.05
    •  
  • 408 Christine Court Euless, TX 1
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 1983
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
  • 100 Lark Lane Euless, TX 2
    • 4 beds 3 baths ∙ 1,946 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,946 Sqft ∙ Built 1983
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
  • 400 Morrison Drive Euless, TX 3
    • 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,039 Sqft ∙ Built 1977
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.03
    •  
  • 209 Crepe Myrtle Drive Euless, TX 5
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 2003
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.08
    •  
PROPERTY LISTING DETAILS
Theresa Hoedebeck
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508400
Last Updated: 01/28/2021
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