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236 Simmons Drive Coppell, TX 75019

3 Beds 2 Baths 2,170 sqft Built 1983

$390,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $179.72
  • 4 Days on Market
  • MLS # : 14535569
  • Updated Date : 03/18/2021 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,170 sqft
  • Baths : 2 full
Listing Agent

Re/max Trinity

Listing Agent's Description

Spacious Coppell home that won't break the bank! 3 generously sized bedrooms, two living, two dining and one flexible space set in central Coppell with a nice sized backyard for entertaining. Current owners renovated the kitchen and master bath within the last few years, and there is new carpet in the secondary beds, and luxury vinyl plank in the other areas. Awesome private game room with a storage closet, and a flexible space that could be a study, homework area, exercise area, or even more. Refrigerator stays with property.

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

Neighborhood: Sandy Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Neighborhood: Sandy Oaks

NeighborhoodNIR 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
Austin Elementary School Primary Regular 501 35 8
Coppell Middle East Middle Regular 905 55 10
Coppell High School High Regular 3,136 192 8

Austin Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 35
8
GreatSchools Rating

Coppell Middle East

  • Education Level: Middle
  • # of students: 905
  • # of teachers: 55
10
GreatSchools Rating

Coppell High School

  • Education Level: High
  • # of students: 3,136
  • # of teachers: 192
8
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,355
Property Tax -$873
Property Insurance -$153
Property Management Fees -$99
CASH FLOW
-$279

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.

$390,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.56%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,300

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,2004$2,2005$2,499
$2,499
RENT COMPS ANALYSIS
  • 236 Simmons Drive Coppell, TX 4
    • 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 164 Highland Meadow Circle Coppell, TX 1
    • 3 beds 3 baths ∙ 2,141 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,141 Sqft ∙ Built 1987
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
  • 444 Woodway Drive Coppell, TX 2
    • 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,100 Sqft ∙ Built 1979
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
  • 137 Edgewood Drive Coppell, TX 3
    • 3 beds 3 baths ∙ 2,130 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,130 Sqft ∙ Built 1981
    LEASED 10/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
  • 134 London Way Coppell, TX 5
    • 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 2000
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jason Hewitt
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14535569
Last Updated: 03/18/2021
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