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237 Beechwood Lane Coppell, TX 75019

4 Beds 4 Baths 3,239 sqft Built 1991

$535,000

List Price

$2,950

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $165.17
  • 2 Days on Market
  • MLS # : 14490649
  • Updated Date : 12/26/2020 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,239 sqft
  • Baths : 3 full , 1 half
Listing Agent

Jeff Varnell, Realtors

Listing Agent's Description

Updated Drees home on beautiful lot in desirable Pecan Hollow Walking distance to library, elementary, The Core Aquatic & Rec Center, Kid Country & Andy Brown Parks. Interior boasts rich hardwoods, soaring ceilings, large room sizes, & walls of windows with views of backyard. Dream kitchen overlooking den has granite countertops & plenty of storage. Master suite with Master bath has frameless separate shower & large walk-in closet. 3 spacious secondary bedrooms & large game room up. Breathtaking park setting backyard has open patio, mature trees, & refreshing pool & spa! Great for entertaining! Award Winning Coppell ISD! Shows clean, pristine & beautiful!!

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: 75019

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Zip Code: 75019

ZipNIR 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
Town Center Elementary School Primary Regular 511 33 8
Coppell Middle North Middle Regular 909 59 9
Coppell High School High Regular 3,136 192 8

Town Center Elementary School

  • Education Level: Primary
  • # of students: 511
  • # of teachers: 33
8
GreatSchools Rating

Coppell Middle North

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 59
9
GreatSchools Rating

Coppell High School

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

$481,500$588,500$535,000

PURCHASE PRICE

$2,655$3,245$2,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,950
EXPENSES Loan Payment -$1,974
Property Tax -$1,198
Property Insurance -$214
HOA -$7
Property Management Fees -$99
CASH FLOW
-$542

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.

$535,000

PROJECTED PRICE

$2,950

PROJECTED RENT

0.55%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,950

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $3,150

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,9503$3,0004$3,1005$3,450
$3,450
RENT COMPS ANALYSIS
  • 237 Beechwood Lane Coppell, TX 2
    • 4 beds 4 baths ∙ 3,239 Sqft ∙ Built 1991 4 beds 4 baths ∙ 3,239 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.91
    •  
  • 627 Park Highlands Drive Coppell, TX 1
    • 5 beds 5 baths ∙ 3,140 Sqft ∙ Built 2000 5 beds 5 baths ∙ 3,140 Sqft ∙ Built 2000
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.88
    •  
  • 248 Park Valley Drive Coppell, TX 3
    • 5 beds 3 baths ∙ 3,233 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,233 Sqft ∙ Built 1993
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.93
    •  
  • 754 Teal Cove Coppell, TX 4
    • 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 1995
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.00
    •  
  • 343 Tanglewood Lane Coppell, TX 5
    • 4 beds 4 baths ∙ 3,193 Sqft ∙ Built 1992 4 beds 4 baths ∙ 3,193 Sqft ∙ Built 1992
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.08
    •  
PROPERTY LISTING DETAILS
Jeff Varnell
Jeff Varnell, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490649
Last Updated: 12/26/2020
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