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2748 Enfield Drive Trophy Club, TX 76262

4 Beds 4 Baths 3,562 sqft Built 2012

$675,000

List Price

$3,630

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $189.50
  • 3 Days on Market
  • MLS # : 14538615
  • Updated Date : 03/26/2021 at 10:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,562 sqft
  • Baths : 4 full
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

SHOWINGS START SATURDAY AT 12:30PM. Meticulously maintained home located in The Highlands at Trophy Club. The open concept kitchen features beautiful cabinetry with granite and a large island, open to a living space with soaring ceilings. Upstairs includes a nice game room flex space and media room with an amazing sound system and screen. Step outside into your backyard oasis featuring a custom-built pool and spa perfect for entertaining family and friends. OPEN HOUSE SAT 1:00-4:00PM

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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
Samuel Beck Elementary School Primary Regular 731 47 10
Medlin Middle School Middle Regular 1,078 65 8
Byron Nelson High School High Unknown NA

Samuel Beck Elementary School

  • Education Level: Primary
  • # of students: 731
  • # of teachers: 47
10
GreatSchools Rating

Medlin Middle School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

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

$607,500$742,500$675,000

PURCHASE PRICE

$3,267$3,993$3,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,630
EXPENSES Loan Payment -$2,345
Property Tax -$1,254
Property Insurance -$233
HOA -$37
Property Management Fees -$99
CASH FLOW
-$337

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.

$675,000

PROJECTED PRICE

$3,630

PROJECTED RENT

0.54%

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-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$184,625

INVESTMENT

$184,625

Down Payment
$168,750
Rehab Estimate
$5,750
Closing Costs
$10,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,345

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $168,750
Loan Amount $506,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$9,974

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,630

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,313

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,2003$3,2494$3,6305$3,690
$3,690
RENT COMPS ANALYSIS
  • 2748 Enfield Drive Trophy Club, TX 4
    • 4 beds 4 baths ∙ 3,562 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,562 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,630
    • $1.02
    •  
  • 1379 Sandhurst Drive Roanoke, TX 1
    • 5 beds 3 baths ∙ 3,298 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,298 Sqft ∙ Built 2015
    property image
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
  • 2626 Broadway Drive Trophy Club, TX 2
    • 4 beds 4 baths ∙ 3,479 Sqft ∙ Built 2010 4 beds 4 baths ∙ 3,479 Sqft ∙ Built 2010
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.92
    •  
  • 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
    property image
    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
    property image
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,690
    • $0.95
    •  
PROPERTY LISTING DETAILS
Tommy Pistana
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 #: 14538615
Last Updated: 03/26/2021
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