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2518 Roseville Drive Trophy Club, TX 76262

4 Beds 3 Baths 2,677 sqft Built 2009

$490,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $183.04
  • 5 Days on Market
  • MLS # : 14470256
  • Updated Date : 12/26/2020 at 13:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,677 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Traditional home with stunning exterior elevation & within walking distance to top rated schools! This move in ready home is perfect for families looking for a welcoming suburban community close to everything & an easy commute to almost anywhere in DFW. This beauty features impressive 2 story vaulted ceilings, floor to ceiling stone fireplace, exquisite study w french doors, & rich wood cabinetry. The kitchen is an entertainer's dream, opening to the dining room & living area, complete w a sprawling island & large breakfast nook. The home's many windows provide a ton of light & great views of the extensive backyard which includes a built in firepit, covered patio, & gas stub for optimal outdoor living.

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: The Highlands at Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k578k

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

Neighborhood: The Highlands at Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $11263785

* 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
Samuel Beck Elementary School Primary Regular 731 47 10
Medlin Middle School Middle Regular 1,078 65 8

Samuel Beck Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 47
10
GreatSchools Rating

Medlin Middle School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 65
8
GreatSchools Rating
 

$441,000$539,000$490,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,808
Property Tax -$910
Property Insurance -$182
HOA -$33
Property Management Fees -$99
CASH FLOW
-$312

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.

$490,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.2%
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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,600

INVESTMENT

$135,600

Down Payment
$122,500
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,500
Loan Amount $367,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,530

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,737

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,7003$2,7204$2,9505$3,045
$3,045
RENT COMPS ANALYSIS
  • 2518 Roseville Drive Trophy Club, TX 3
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $1.02
    •  
  • 422 Middleton Drive Roanoke, TX 1
    • 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2013
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.96
    •  
  • 2848 Exeter Drive Trophy Club, TX 2
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2014
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.96
    •  
  • 421 Middleton Drive Roanoke, TX 4
    • 5 beds 4 baths ∙ 2,836 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,836 Sqft ∙ Built 2015
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.04
    •  
  • 2552 Kensington Lane Trophy Club, TX 5
    • 3 beds 3 baths ∙ 2,701 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,701 Sqft ∙ Built 2012
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,045
    • $1.13
    •  
PROPERTY LISTING DETAILS
Breanna Burkett
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470256
Last Updated: 12/26/2020
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