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2364 White Oak Drive Little Elm, TX 75068

5 Beds 3 Baths 3,448 sqft Built 2002

$335,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $97.16
  • 2 Days on Market
  • MLS # : 14496688
  • Updated Date : 01/09/2021 at 15:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,448 sqft
  • Baths : 3 full
Listing Agent

Robert Elliott And Associates

Listing Agent's Description

Light and spacious 5 bedroom 3 full bath home. This home features a large eat in kitchen with new SS cook top stove and built in microwave. Tons of storage and a large walk in pantry make this a chef's dream. One secondary bedroom and a full bath downstairs make this space perfect for guests. All new flooring and paint with up to date colors are a perfect touch. Both AC units and roof replaced in 2017. Let's not forget the large oversized backyard with new deck make this space great for entertaining. Perfect location near shopping, school and entertainment!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: The Villages of Woodlake

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: The Villages of Woodlake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11162171

* 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
Lakeview Elementary School Primary Regular 581 38 6
Lakeside Middle School Middle Regular 1,181 69 3
Little Elm High School High Regular 1,866 97 6

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 38
6
GreatSchools Rating

Lakeside Middle School

  • Education Level: Middle
  • # of students: 1,181
  • # of teachers: 69
3
GreatSchools Rating

Little Elm High School

  • Education Level: High
  • # of students: 1,866
  • # of teachers: 97
6
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,164
Property Tax -$702
Property Insurance -$226
HOA -$22
Property Management Fees -$99
CASH FLOW
$87

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.

$335,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.9%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$20,367

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,422

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,245
1$2,2452$2,3003$2,3004$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 2364 White Oak Drive Little Elm, TX 3
    • 5 beds 3 baths ∙ 3,448 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,448 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.67
    •  
  • 2729 Peach Drive Little Elm, TX 1
    • 5 beds 3 baths ∙ 3,448 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,448 Sqft ∙ Built 2001
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.65
    •  
  • 2348 White Oak Drive Little Elm, TX 2
    • 5 beds 3 baths ∙ 3,448 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,448 Sqft ∙ Built 2002
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.67
    •  
  • 2748 Sunbeam Drive Little Elm, TX 4
    • 5 beds 4 baths ∙ 3,311 Sqft ∙ Built 2005 5 beds 4 baths ∙ 3,311 Sqft ∙ Built 2005
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.72
    •  
  • 2541 Indian Hills Drive Little Elm, TX 5
    • 4 beds 3 baths ∙ 3,265 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,265 Sqft ∙ Built 2003
    LEASED 11/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.77
    •  
PROPERTY LISTING DETAILS
Bethany Rowan
Robert Elliott And Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496688
Last Updated: 01/09/2021
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