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267 Oak Hill Drive Trophy Club, TX 76262

4 Beds 4 Baths 2,687 sqft Built 1984

INVESTimate

$459,000

List Price

$2,860

$2,610 - $3,110

Rent Est.

$488,146  ( +6.35%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1984
  • Price/Sqft : $170.82
  • 9 Days on Market
  • MLS # : 14413885
  • Updated Date : 08/24/2020 at 08:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,687 sqft
  • Baths : 4 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

GOLF COURSE LOT, Priced below appraised value!!! Secluded 4 Bedroom home on the Hogan Course of Trophy Club Golf Course. Brick arched opening between the kitchen and family room. Two-way fireplace warms the formal sitting area and family room which has extensive windows for natural light. Granite countertops, tumbled marble backsplash, breakfast bar and spacious living. Beautiful home on one-level.

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

Neighborhood: Trophy Club Oak Hill

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k493k

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

Neighborhood: Trophy Club Oak Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263169

* 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
 

$413,100$504,900$459,000

PURCHASE PRICE

$2,574$3,146$2,860

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,860
EXPENSES Loan Payment -$1,694
Property Tax -$871
Property Insurance -$182
Property Management Fees -$99
CASH FLOW
$14

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.

$459,000

PROJECTED PRICE

$2,860

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.35%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$27,497

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,860

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,895

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,695
1$2,6952$2,8003$2,8004$2,8605$2,950
$2,950
RENT COMPS ANALYSIS
  • 267 Oak Hill Drive Trophy Club, TX 4
    • 4 beds 4 baths ∙ 2,687 Sqft ∙ Built 1984 4 beds 4 baths ∙ 2,687 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,860
    • $1.06
    •  
  • 132 Greenhill Trail Trophy Club, TX 1
    • 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,527 Sqft ∙ Built 1995
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.07
    •  
  • 1116 Berkshire Court Trophy Club, TX 2
    • 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1978
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.10
    •  
  • 609 Indian Creek Drive Trophy Club, TX 3
    • 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 1997
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.10
    •  
  • 120 Carnoustie Drive Trophy Club, TX 5
    • 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1983
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.04
    •  
PROPERTY LISTING DETAILS
Marlene Trevino
Compass Re Texas, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14413885
Last Updated: 08/24/2020
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