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2520 Calstone Drive Little Elm, TX 75068

4 Beds 3 Baths 2,607 sqft Built 2003

$315,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $120.83
  • 5 Days on Market
  • MLS # : 14455974
  • Updated Date : 10/30/2020 at 11:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,607 sqft
  • Baths : 2 full , 1 half
Listing Agent

Fathom Realty

Listing Agent's Description

Well-maintained, beautiful Landstar home in outstanding location. Welcoming front porch and 8' front door...new roof in August! Open concept floorplan with 2-living, 2 dining, plus enclosed office! Vaulted ceilings, archways, and bay windows boast natural light! Huge fireplace as well as beautiful plant ledges throughout home. Ceiling fans in every bedroom! Huge backyard with two enclosed storage spaces on both sides of yard- can be private dog run or storage. Loft upstairs with balcony overlooking entryway. This home leaves nothing to be desired including location...less than 5 minutes from shopping and dining! EASY access to major highways. Come see this one before it's too late!

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: Eldorado West

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $123k361k

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

Neighborhood: Eldorado West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Brent Elementary School Primary Regular 627 40 6
Lakeside Middle School Middle Regular 1,181 69 3
Little Elm High School High Regular 1,866 97 6

Brent Elementary School

  • Education Level: Primary
  • # of students: 627
  • # of teachers: 40
6
GreatSchools Rating

Lakeside Middle School

  • Education Level: Middle
  • # of students: 1,181
  • # of teachers: 69
3
GreatSchools Rating

Little Elm High School

  • Education Level: High
  • # of students: 1,866
  • # of teachers: 97
6
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,162
Property Tax -$660
Property Insurance -$178
HOA -$30
Property Management Fees -$99
CASH FLOW
-$139

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.

$315,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.63%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,741

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,060

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9703$1,9904$2,0995$2,195
$2,195
RENT COMPS ANALYSIS
  • 2520 Calstone Drive Little Elm, TX 3
    • 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,607 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.76
    •  
  • 2549 Saddlehorn Drive Little Elm, TX 1
    • 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2010
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
  • 2240 Bradford Pear Drive Little Elm, TX 2
    • 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2000
    property image
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.76
    •  
  • 2709 Sunlight Drive Little Elm, TX 4
    • 3 beds 3 baths ∙ 2,632 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,632 Sqft ∙ Built 2004
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.80
    •  
  • 2633 Deer Hollow Drive Little Elm, TX 5
    • 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 2005
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.84
    •  
PROPERTY LISTING DETAILS
Alissa Barber
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14455974
Last Updated: 10/30/2020
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