Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
2251 Cottonwood Court 
Midlothian, TX
76065
4 Beds 3 Baths 2,574 sqft
Built 1998
INVESTimate
$389,000
List Price
$108,835
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1998
- Price/Sqft : $151.13
- 1 Days on Market
- MLS # : 14350350
- Updated Date : 08/26/2020 at 04:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,574 sqft
- Baths : 3 full
Listing Agent
City Real Estate
Listing Agent's Description
Country Living on cul de sac! Enjoy 1.63 acres, room to park RV, Boat, more. Trees, updated landscaping. Traditional Ranch custom built, one owner home, natural light. Freshly painted, recently updated flooring, remodeled master bath with wonderful soaking tub, separate shower and dual sink, updated guest bath. Recently installed granite countertops. Custom built ash cabinets with up lights, & under counter. Hard wood floors in the Mater, living areas. Large wood burning fireplace, spacious open concept family room and kitchen. Split Bedroom floor plan for privacy. Tons of storage. Pergola in the backyard, fenced. Shed for storage. Piers poured for foundation. AC inside, outside replaced Fall 2019.
SEE MORE
- . 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: Cottonwood Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cottonwood Trail
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,190 |
| EXPENSES | Loan Payment | -$1,435 |
| Property Tax | -$849 | |
| Property Insurance | -$176 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$369
|
||
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.
$389,000
PROJECTED PRICE
$2,190
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.78% |
| Appreciation Year (1-5) | 7.64% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.39% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$108,835
LOAN DETAILS
$1,435
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,250 |
| Loan Amount | $291,750 |
0.67
YEARS SAVED
$1,277
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,190
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,220
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
2251 Cottonwood Court Midlothian, TX 3
- 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $2,190
- $0.85
-
3001 Wren Lane Midlothian, TX 1
- 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 2010
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,985
- $0.85
-
3442 Newgate Street Midlothian, TX 2
- 4 beds 5 baths ∙ 2,430 Sqft ∙ Built 2003 4 beds 5 baths ∙ 2,430 Sqft ∙ Built 2003
LEASED 01/31/20- Rent
- Rent Per SQFT
- $2,025
- $0.83
-
3454 Charing Cross Road Midlothian, TX 4
- 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,581 Sqft ∙ Built 2003
LEASED 07/22/19- Rent
- Rent Per SQFT
- $2,245
- $0.87
-
832 Clearwater Drive Midlothian, TX 5
- 3 beds 3 baths ∙ 2,541 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,541 Sqft ∙ Built 1986
LEASED 06/11/19- Rent
- Rent Per SQFT
- $2,295
- $0.90
PROPERTY LISTING DETAILS
City Real Estate
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14350350
Last Updated: 08/26/2020
