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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $149.65
- 2 Days on Market
- MLS # : 14519845
- Updated Date : 02/20/2021 at 15:00
CONSTRUCTION
- Beds : 5
- Floor Size : 3,869 sqft
- Baths : 4 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Absolutely fantastic family home located on one of the most family fun streets in Trophy Club. This 5 BR 4 Full Bath home has room for the entire family and a few more. Upgraded wood look tile flooring and new HVAC upstairs. Large BR's and family rooms make this a must for the large family needing space. The home offers great entertaining area's inside and out. The backyard living space was designed for fun, laughs and family memories. From the incredible wood burning fireplace to the grill and spacious open patio, Enjoy beautiful upgraded landscape and extensive outdoor lighting to enhance the home. Home is located within walking distance to the high school, parks and shopping. Welcome to Trophy Club living!
SEE MORE
- 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: The Highlands at Trophy Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Highlands at Trophy Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,760 |
| EXPENSES | Loan Payment | -$2,011 |
| Property Tax | -$1,076 | |
| Property Insurance | -$251 | |
| HOA | -$33 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$290
|
||
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.
$579,000
PROJECTED PRICE
$3,760
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$159,185
LOAN DETAILS
$2,011
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $144,750 |
| Loan Amount | $434,250 |
7.25
YEARS SAVED
$51,440
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,760
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$3,956
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
2533 Broadway Drive Trophy Club, TX 3
- 5 beds 4 baths ∙ 3,869 Sqft ∙ Built 2009 5 beds 4 baths ∙ 3,869 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $3,760
- $0.97
-
362 Falstaff Drive Roanoke, TX 1
- 4 beds 4 baths ∙ 3,562 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,562 Sqft ∙ Built 2011
LEASED 08/03/20- Rent
- Rent Per SQFT
- $3,500
- $0.98
-
191 Durango Drive Trophy Club, TX 2
- 4 beds 3 baths ∙ 3,871 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,871 Sqft ∙ Built 1999
LEASED 10/05/19- Rent
- Rent Per SQFT
- $3,690
- $0.95
-
2846 Macquarie Street Trophy Club, TX 4
- 4 beds 4 baths ∙ 4,131 Sqft ∙ Built 2015 4 beds 4 baths ∙ 4,131 Sqft ∙ Built 2015
LEASED 08/26/20- Rent
- Rent Per SQFT
- $4,300
- $1.04
-
2450 Lilyfield Drive Trophy Club, TX 5
- 5 beds 4 baths ∙ 4,014 Sqft ∙ Built 2009 5 beds 4 baths ∙ 4,014 Sqft ∙ Built 2009
LEASED 09/02/20- Rent
- Rent Per SQFT
- $4,500
- $1.12
PROPERTY LISTING DETAILS
Keller Williams Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14519845
Last Updated: 02/20/2021
