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2605 Bellshill Lane Trophy Club, TX 76262

3 Beds 3 Baths 2,511 sqft Built 2009

INVESTimate

$465,000

List Price

$2,590

$2,340 - $2,840

Rent Est.

$484,298  ( +4.15%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $185.19
  • 6 Days on Market
  • MLS # : 14418209
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,511 sqft
  • Baths : 3 full
Listing Agent

The Michael Group Real Estate

Listing Agent's Description

Incredibly Rare Find in the Highlands of Trophy Club. This home is a 1 story, 3 bedroom, 3 bath, 3 car garage on a large corner lot a block from the golf course. It has an office and a study-den that could be a 4th bedroom. This home is immaculate on the inside and out. It boasts granite counter-tops with a large island that opens to a cozy living area with a beautiful stone fireplace. The home has tank-less water heaters and a separate 3rd car garage with it's own entry. The backyard is Huge and could easily support a large pool. It has a covered patio with a large open concrete patio. Don't miss out on this rare opportunity!

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
Lakeview Elementary School Primary Regular 571 35 7
Medlin Middle School Middle Regular 1,078 65 8

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 35
7
GreatSchools Rating

Medlin Middle School

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

$418,500$511,500$465,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,716
Property Tax -$864
Property Insurance -$172
HOA -$36
Property Management Fees -$99
CASH FLOW
-$297

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.

$465,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.15%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,193

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,611

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,590
1$2,5902$2,7003$2,7004$2,9005$3,045
$3,045
RENT COMPS ANALYSIS
  • 2605 Bellshill Lane Trophy Club, TX 1
    • 3 beds 3 baths ∙ 2,511 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,511 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.03
    •  
  • 2541 Rose Bay Court Trophy Club, TX 2
    • 3 beds 4 baths ∙ 2,601 Sqft ∙ Built 2012 3 beds 4 baths ∙ 2,601 Sqft ∙ Built 2012
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.04
    •  
  • 2848 Exeter Drive Trophy Club, TX 3
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2014
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.96
    •  
  • 2866 Nottingham Drive Trophy Club, TX 4
    • 4 beds 4 baths ∙ 2,805 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,805 Sqft ∙ Built 2014
    property image
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.03
    •  
  • 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
    property image
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,045
    • $1.13
    •  
PROPERTY LISTING DETAILS
Jonathan Harris
The Michael Group Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418209
Last Updated: 08/22/2020
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