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2632 Pecan Drive Little Elm, TX 75068

4 Beds 3 Baths 2,318 sqft Built 2000

$259,800

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

October 28, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $112.08
  • 7 Days on Market
  • MLS # : 14461713
  • Updated Date : 11/01/2020 at 13:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,318 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Manicured landscaping on a HUGE corner lot provides beautiful curb appeal. Meticulously maintained home. Elegant lead glass entry door leads to formals with wood look floors flanked to your right upon entry. A STUNNING kitchen with updates that include countertops, backsplash and overlooks the breakfast nook area and spacious living area. The living area has a gorgeous fireplace and wall of windows to provide natural light and views of the backyard. The backyard has plenty of space for kids and pets and that future pool of your dreams. The extended patio with cedar arbor is perfect for your backyard BBQs! GREAT HOA amenities with walking paths, pool and parks!

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 Villages of Woodlake

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: The Villages of Woodlake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11162171

* 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 581 38 6
Lakeside Middle School Middle Regular 1,181 69 3
Little Elm High School High Regular 1,866 97 6

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 38
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
 

$233,820$285,780$259,800

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$959
Property Tax -$545
Property Insurance -$161
HOA -$28
Property Management Fees -$99
CASH FLOW
$9

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.

$259,800

PROJECTED PRICE

$1,800

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.9%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,597

INVESTMENT

$74,597

Down Payment
$64,950
Rehab Estimate
$5,750
Closing Costs
$3,897

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,950
Loan Amount $194,850
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$14,312

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,860

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,8004$1,8655$1,950
$1,950
RENT COMPS ANALYSIS
  • 2632 Pecan Drive Little Elm, TX 3
    • 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,318 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 2612 Peach Drive Little Elm, TX 1
    • 5 beds 3 baths ∙ 2,318 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,318 Sqft ∙ Built 2001
    property image
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 1924 Silver Leaf Drive Little Elm, TX 2
    • 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 2002
    property image
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 2241 Bradford Pear Drive Little Elm, TX 4
    • 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,318 Sqft ∙ Built 2000
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.80
    •  
  • 2041 Apple Drive Little Elm, TX 5
    • 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,297 Sqft ∙ Built 1999
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
PROPERTY LISTING DETAILS
Kim Davis
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14461713
Last Updated: 11/01/2020
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