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2721 Peach Drive Little Elm, TX 75068

4 Beds 3 Baths 2,763 sqft Built 2001

$289,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $104.92
  • 4 Days on Market
  • MLS # : 14493777
  • Updated Date : 01/22/2021 at 15:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,763 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Frisco

Listing Agent's Description

****MULTIPLE OFFERS RECEIVED - Please submit Highest & Best by 4:00pm Sunday (January 24th). Meticulously maintained home with a huge treed backyard and lg custom built covered patio with outdoor ceiling fans & lighting! Roof, HVAC and water heater replaced Dec 2016. Lovely wood floors downstairs and up. Open and spacious formal living & dining, large eat-in-kitchen with granite countertops & tons of cabinets open to the family room with WB fireplace. Huge master has sitting area and lg walk-in closet. Great flex space upstairs big enough for entertaining, gameroom or study. **New Samsung Refrig & Ring DB Stays

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: 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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,007
Property Tax -$608
Property Insurance -$187
HOA -$38
Property Management Fees -$99
CASH FLOW
$2

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.

$289,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.67%

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$1.0M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$11,946

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $2,093

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,940
1$1,9402$1,9703$1,9754$2,0495$2,100
$2,100
RENT COMPS ANALYSIS
  • 2721 Peach Drive Little Elm, TX 1
    • 4 beds 3 baths ∙ 2,763 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,763 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.70
    •  
  • 2240 Bradford Pear Drive Little Elm, TX 2
    • 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2000
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.76
    •  
  • 2329 Basswood Drive Little Elm, TX 3
    • 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,611 Sqft ∙ Built 2001
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.76
    •  
  • 1701 Silverwood Lane Little Elm, TX 4
    • 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,917 Sqft ∙ Built 2004
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,049
    • $0.70
    •  
  • 1913 Bradford Pear Square Little Elm, TX 5
    • 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2003
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
PROPERTY LISTING DETAILS
Danielle Alberson
Jp & Associates Frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493777
Last Updated: 01/22/2021
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