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

228 Little Tree Court Tolar, TX 76476

3 Beds 3 Baths 1,894 sqft Built 2020

INVESTimate

$276,000

List Price

$1,810

$1,629 - $1,991

Rent Est.

$289,966  ( +5.06%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $145.72
  • 5 Days on Market
  • MLS # : 14406713
  • Updated Date : 08/23/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,894 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful New build in Tolar and in one of Tolar's newest areas Little Tree addition. CHeck out this All Over Solution built and designed 3 bedroom, 2.5 bath with stained floors, open concept and huge island in the kitchen. The master bedroom area is split away from the 2 other bedrooms for privacy. This home has a farm house look check out the brick, the wood work and steep roof lines. Home has vaulted ceilings with decorative beams and wood work. The butcher block counter tops in the kitchen accent the beautiful wood accents on the vent hood as well as the custom built shaker style cabinets. Workspace is available with 2 built in desk. This home is will be energy efficient with foam insulation.

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

Zip Code: 76476

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k243k

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

Zip Code: 76476

ZipNIR Market*CityMarket2010Year20002019 Q21100115012001250130013501400145015001550160016501700Rent in $10991734

* 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
Tolar Elementary School Primary Regular 347 23 6
Tolar Junior High School Middle Regular 156 14 6
Tolar High School High Regular 239 21 7

Tolar Elementary School

  • Education Level: Primary
  • # of students: 347
  • # of teachers: 23
6
GreatSchools Rating

Tolar Junior High School

  • Education Level: Middle
  • # of students: 156
  • # of teachers: 14
6
GreatSchools Rating

Tolar High School

  • Education Level: High
  • # of students: 239
  • # of teachers: 21
7
GreatSchools Rating
 

$248,400$303,600$276,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,018
Property Tax -$537
Property Insurance -$137
Property Management Fees -$99
CASH FLOW
$19

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$276,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 5.06%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,140

INVESTMENT

$75,140

Down Payment
$69,000
Rehab Estimate
$2,000
Closing Costs
$4,140

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,018

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,000
Loan Amount $207,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$17,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,799

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,5004$1,810
$1,810
RENT COMPS ANALYSIS
  • 228 Little Tree Court Tolar, TX 4
    • 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,894 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.96
    •  
  • 714 Denali Court Tolar, TX 1
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 2016
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 9160 Parkview Circle Tolar, TX 2
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 2014
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 9140 Parkview Circle Tolar, TX 3
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2014
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Steve Berry
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14406713
Last Updated: 08/23/2020
BESbswy