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2501 Shoreline Drive Keller, TX 76248

5 Beds 4 Baths 4,725 sqft Built 2004

$679,950

List Price

$4,170

$3.9K - $4.4K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $143.90
  • 3 Days on Market
  • MLS # : 14494489
  • Updated Date : 01/09/2021 at 07:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,725 sqft
  • Baths : 4 full
Listing Agent

Power House Real Estate

Listing Agent's Description

Breathtaking Custom home in Prestigious Hidden Lakes. Amenities include three living areas, all new paint and carpet throughout, beautiful white quartz countertops, red oak hardwood flooring all downstairs, handsome study with french doors, custom built-ins and extensive trim&mill work. Gourmet kitchen includes 42 inch fluted cabinets, stainless steel appliances, Massive master suite with sitting area and tray ceilings.. newly renovated master bathroom, Spacious game room and large media room upstairs. Large corner lot with stunning backyard includes pergola with beautiful pool and spa.

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262728

* 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
Bear Creek Intermediate School Primary Regular 781 42 9
Bear Creek Intermediate School Middle Regular 781 42 9
Keller High School High Regular 2,645 145 10

Bear Creek Intermediate School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Bear Creek Intermediate School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating
 

$611,955$747,945$679,950

PURCHASE PRICE

$3,753$4,587$4,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,170
EXPENSES Loan Payment -$2,362
Property Tax -$1,427
Property Insurance -$300
HOA -$50
Property Management Fees -$99
CASH FLOW
-$68

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.

$679,950

PROJECTED PRICE

$4,170

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,937

INVESTMENT

$185,937

Down Payment
$169,988
Rehab Estimate
$5,750
Closing Costs
$10,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $169,988
Loan Amount $509,963
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$23,966

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,170

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $4,158

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,700
1$3,7002$3,8503$4,1704$4,500
$4,500
RENT COMPS ANALYSIS
  • 2501 Shoreline Drive Keller, TX 3
    • 5 beds 4 baths ∙ 4,725 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,725 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $4,170
    • $0.88
    •  
  • 2013 Preston Brook Drive Keller, TX 1
    • 4 beds 4 baths ∙ 4,488 Sqft ∙ Built 2001 4 beds 4 baths ∙ 4,488 Sqft ∙ Built 2001
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.82
    •  
  • 1505 Sustrik Court Keller, TX 2
    • 5 beds 4 baths ∙ 4,416 Sqft ∙ Built 2015 5 beds 4 baths ∙ 4,416 Sqft ∙ Built 2015
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $0.87
    •  
  • 529 Haverhill Lane Colleyville, TX 4
    • 5 beds 6 baths ∙ 4,753 Sqft ∙ Built 2003 5 beds 6 baths ∙ 4,753 Sqft ∙ Built 2003
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jeremy Hankins
Power House Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494489
Last Updated: 01/09/2021
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