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2612 Deer Hollow Drive Little Elm, TX 75068

4 Beds 3 Baths 2,997 sqft Built 2008

$399,900

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $133.43
  • 3 Days on Market
  • MLS # : 14467148
  • Updated Date : 11/06/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,997 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Dallas Suburbs Pm

Listing Agent's Description

Oasis. Stunning. Beautiful Bloomfield Home with 2018 Sparkling Heated Pool & Spa, Outdoor Living Center with Fireplace, TV Watching area, and 8ft Privacy Fence. Extensive Extended Cedar Built Patio, Extra Concrete Pad, Plenty of Grass for Pets, Storage Shed, Pool is Wifi Enabled For Phone App. Downstairs features Hardwoods through main areas. Island, Granite & SS Appliances in Kitchen. Living & Kitchen Overlook Backyard Paradise! Master Retreat with Garden Tub & Sep Shower. Media Room & Gameroom with French doors to Outdoor Balcony. 3 Spacious Bedrooms Up. Garage features Epoxy Flooring. Roof Replaced in 2017. Middle School is Strike. YOU WON'T WANT TO MISSTHIS ONE!! Title is already open at Capital Title.

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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,475
Property Tax -$838
Property Insurance -$200
HOA -$36
Property Management Fees -$99
CASH FLOW
-$489

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.

$399,900

PROJECTED PRICE

$2,160

PROJECTED RENT

0.54%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,475

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$210

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,300

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,0953$2,1604$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 2612 Deer Hollow Drive Little Elm, TX 3
    • 4 beds 3 baths ∙ 2,997 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,997 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.72
    •  
  • 2637 Pine Trail Drive Little Elm, TX 1
    • 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 2007
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.74
    •  
  • 2613 Navasota Drive Little Elm, TX 2
    • 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 2006
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.73
    •  
  • 2481 Dove Creek Drive Little Elm, TX 4
    • 4 beds 4 baths ∙ 2,812 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,812 Sqft ∙ Built 2004
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 2617 Pine Trail Drive Little Elm, TX 5
    • 4 beds 4 baths ∙ 3,186 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,186 Sqft ∙ Built 2004
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.78
    •  
PROPERTY LISTING DETAILS
Suzanne Athey
Re/max Dallas Suburbs Pm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467148
Last Updated: 11/06/2020
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