Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2704 Randwick Court Trophy Club, TX 76262

5 Beds 4 Baths 3,555 sqft Built 2012

$717,000

List Price

$3,470

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $201.69
  • 2 Days on Market
  • MLS # : 14471490
  • Updated Date : 11/14/2020 at 14:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,555 sqft
  • Baths : 4 full
Listing Agent

Fathom Realty, Llc

Listing Agent's Description

Welcome to your new oasis!! Oversize cul-de-sac lot, amazing home featuring a 4 car garage with 9 foot doors for big toys & clean epoxy floors. Swimming pool with swim up bar & hot tub! Inside you find a sprawling five bedroom home with four full bathrooms. Upstairs you have a large media room with wet bar theater styling & an optional projector. Butler’s pantry-coffee bar with storage. Study with large wooden double doors makes working at home a breeze.  Large oversized driveway for extra cars. Luxury is hot water on demand with a double tankless instant gas hot water heater. Bring your pickiest buyers for this beautiful custom home. The designer touches are everywhere.

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
 

$645,300$788,700$717,000

PURCHASE PRICE

$3,123$3,817$3,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,470
EXPENSES Loan Payment -$2,645
Property Tax -$1,332
Property Insurance -$233
HOA -$33
Property Management Fees -$99
CASH FLOW
-$872

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.

$717,000

PROJECTED PRICE

$3,470

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.2%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$195,755

INVESTMENT

$195,755

Down Payment
$179,250
Rehab Estimate
$5,750
Closing Costs
$10,755

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,645

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $179,250
Loan Amount $537,750
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$445

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,470

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $3,386

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2003$3,2494$3,4705$3,690
$3,690
RENT COMPS ANALYSIS
  • 2704 Randwick Court Trophy Club, TX 4
    • 5 beds 5 baths ∙ 3,555 Sqft ∙ Built 2012 5 beds 5 baths ∙ 3,555 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $3,470
    • $0.98
    •  
  • 2626 Broadway Drive Trophy Club, TX 1
    • 4 beds 4 baths ∙ 3,479 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,479 Sqft ∙ Built 2010
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.92
    •  
  • 2850 Sherwood Drive Trophy Club, TX 2
    • 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2015
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.00
    •  
  • 2864 Nottingham Drive Trophy Club, TX 3
    • 4 beds 4 baths ∙ 3,462 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,462 Sqft ∙ Built 2016
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,249
    • $0.94
    •  
  • 191 Durango Drive Trophy Club, TX 5
    • 4 beds 3 baths ∙ 3,871 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,871 Sqft ∙ Built 1999
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $0.95
    •  
PROPERTY LISTING DETAILS
Mike Sweigart
Fathom Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471490
Last Updated: 11/14/2020
BESbswy