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2516 Kodiak Circle Euless, TX 76039

4 Beds 3 Baths 2,457 sqft Built 2005

$379,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $154.25
  • 2 Days on Market
  • MLS # : 14470935
  • Updated Date : 11/28/2020 at 19:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,457 sqft
  • Baths : 2 full , 1 half
Listing Agent

Newstream Realty

Listing Agent's Description

Beautiful 4 BR, 2.5 Bath located in a gated community within Grapevine Colleyville ISD. Big open floor plan, vaulted ceilings, elegant gas fireplace and lots of windows for natural light. Kitchen has granite counter tops, black matching appliances, and gas stove. Large master bedroom located on second floor with a private balcony! Master room also has an enormous walk in closet, garden tub, separate shower and dual sinks. Media room plus 2 bedrooms also located upstairs with a guest bedroom & bath located downstairs. Come enjoy your morning coffee on the covered patio in the picture perfect backyard overlooking heavily wooded area, pond, walking trails, and stream with a bridge. Come see today!

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: Little Bear

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k374k

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

Neighborhood: Little Bear

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9932577

* 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 Elementary School Primary Regular 765 49 7
Heritage Middle School Middle Regular 922 51 9
Heritage Middle School High Regular 922 51 9

Bear Creek Elementary School

  • Education Level: Primary
  • # of students: 765
  • # of teachers: 49
7
GreatSchools Rating

Heritage Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating

Heritage Middle School

  • Education Level: High
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating
 

$341,100$416,900$379,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,398
Property Tax -$736
Property Insurance -$169
HOA -$100
Property Management Fees -$99
CASH FLOW
-$2

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.

$379,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.8%
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-$5.0k$0.0$5.0k$10k$15k

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$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$20,109

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,475

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,3503$2,4954$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 2516 Kodiak Circle Euless, TX 4
    • 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.02
    •  
  • 2815 Baze Road Euless, TX 1
    • 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,342 Sqft ∙ Built 1992
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.98
    •  
  • 1721 Altacrest Drive Grapevine, TX 2
    • 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,335 Sqft ∙ Built 1991
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.01
    •  
  • 2215 Grizzly Run Lane Euless, TX 3
    • 3 beds 3 baths ∙ 2,527 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,527 Sqft ∙ Built 2004
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.99
    •  
  • 802 Kodiak Circle Euless, TX 5
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2004
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.05
    •  
PROPERTY LISTING DETAILS
Timothy Nystrom
Newstream Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470935
Last Updated: 11/28/2020
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