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249 S Macarthur Boulevard Coppell, TX 75019

3 Beds 2 Baths 1,628 sqft Built 1984

$297,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $182.43
  • 3 Days on Market
  • MLS # : 14470841
  • Updated Date : 11/13/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,628 sqft
  • Baths : 2 full
Listing Agent

Lifestyles Realty Dallas, Inc

Listing Agent's Description

Well-maintained home in highly sought-after Coppell! Living room features vaulted ceiling, beautiful brick fireplace, built-ins, and a view to the sunroom at the back. Spacious kitchen includes granite counters, stainless steel appliances, and cozy breakfast nook. Separate formal dining area could work as a home office as well. Master suite features enlarged shower, walk-in closets, dual sinks, and access to the sunroom. New carpet in bedrooms. Storage building in backyard. Roof was replaced in 2019 with a very high quality shingle. Schedule your showing today - this one won't last long!

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

Neighborhood: Woodridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $117k448k

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

Neighborhood: Woodridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10852695

* 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
Mockingbird Elementary School Primary Regular 559 34 8
Coppell Middle East Middle Regular 905 55 10
Coppell High School High Regular 3,136 192 8

Mockingbird Elementary School

  • Education Level: Primary
  • # of students: 559
  • # of teachers: 34
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
 

$267,300$326,700$297,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,096
Property Tax -$665
Property Insurance -$121
Property Management Fees -$99
CASH FLOW
-$91

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.

$297,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 10.4%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$84,455

INVESTMENT

$84,455

Down Payment
$74,250
Rehab Estimate
$5,750
Closing Costs
$4,455

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,096

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,250
Loan Amount $222,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,244

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $1,888

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,9503$2,0004$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 249 S Macarthur Boulevard Coppell, TX 1
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.16
    •  
  • 246 Creekside Lane Coppell, TX 2
    • 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1984
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.14
    •  
  • 946 Redcedar Way Coppell, TX 3
    • 3 beds 3 baths ∙ 1,741 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,741 Sqft ∙ Built 1983
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.15
    •  
  • 923 Redcedar Way Drive Coppell, TX 4
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1983
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.18
    •  
  • 317 Springoak Lane Coppell, TX 5
    • 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1984
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.17
    •  
PROPERTY LISTING DETAILS
Laura Jones
Lifestyles Realty Dallas, Inc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470841
Last Updated: 11/13/2020
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