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2620 Glen Haven Court Prosper, TX 75078

4 Beds 4 Baths 3,932 sqft Built 2009

$499,990

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $127.16
  • 5 Days on Market
  • MLS # : 14534459
  • Updated Date : 03/18/2021 at 13:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,932 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors-prosper

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. Submit final and best by 12pm Friday March 19th. Gentle Creek Estates, near golf course. Inside you will find a voluminous floor plan with neutral paint. Welcoming living room has a wall of windows that drench the interior in natural light plus a warning gas fireplace. Stunning kitchen is adorned with an elongated island, abundance of cabinets, gas cook-top, granite and tiled back-splash. Formal Dining + Private Study! Private master suite w-a sitting area. Winding staircase leads to the second floor where you will find a huge game room w-faux brick walls, large media room + 3 generously sized guest bedroom suites. The private tree lined backyard features open patio, nicely sized yard.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Cynthia A. Cockrell Elementary School Primary Regular 778 54 10
Prosper High School High Regular 1,868 120 9
Cynthia A. Cockrell Elementary School Primary Unknown NA

Cynthia A. Cockrell Elementary School

  • Education Level: Primary
  • # of students: 778
  • # of teachers: 54
10
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating

Cynthia A. Cockrell Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$449,991$549,989$499,990

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$1,737
Property Tax -$977
Property Insurance -$254
HOA -$55
Property Management Fees -$99
CASH FLOW
-$192

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.

$499,990

PROJECTED PRICE

$2,930

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,247

INVESTMENT

$138,247

Down Payment
$124,998
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,998
Loan Amount $374,993
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,277

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,930

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $3,283

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$2,9303$3,2004$3,4955$3,750
$3,750
RENT COMPS ANALYSIS
  • 2620 Glen Haven Court Prosper, TX 2
    • 4 beds 4 baths ∙ 3,932 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,932 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $0.75
    •  
  • 2660 Glen Haven Court Prosper, TX 1
    • 5 beds 4 baths ∙ 4,127 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,127 Sqft ∙ Built 2005
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.69
    •  
  • 1700 Red Rose Trail Celina, TX 3
    • 5 beds 5 baths ∙ 3,762 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,762 Sqft ∙ Built 2017
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.85
    •  
  • 1310 Packsaddle Trail Prosper, TX 4
    • 4 beds 4 baths ∙ 3,917 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,917 Sqft ∙ Built 2014
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.89
    •  
  • 2201 Lewis Canyon Drive Prosper, TX 5
    • 4 beds 4 baths ∙ 4,139 Sqft ∙ Built 2014 4 beds 4 baths ∙ 4,139 Sqft ∙ Built 2014
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $0.91
    •  
PROPERTY LISTING DETAILS
Aja Shroll
Ebby Halliday, Realtors-prosper
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14534459
Last Updated: 03/18/2021
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