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2800 Bird Creek Court Little Elm, TX 75068

3 Beds 2 Baths 1,870 sqft Built 2017

$278,500

List Price

$1,830

$1.6K - $2K

Rent Est.

$79,553

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+6.0%)
1 YR. PROJ. APPRECIATION


Cap Rate	2.9%
Cash Flow	-$984
Value Increase	$16,970

10 YEAR

Cash On Cash	-3.8%
Total Return	9.5%

PROPERTY INFO

November 14, 2020 RECENTLY ADDED

FACTS

Single Family
Built In 2017
Price/Sqft : $148.93
2 Days on Market
MLS # : 14471497
Updated Date : 11/14/2020 at 21:00

CONSTRUCTION

Beds : 3
Floor Size : 1,870 sqft
Baths : 2 full

Listing Agent

Direct Realty

Listing Agent's Description

Paloma Creek Stunner - Prime corner lot with professional landscaping upgrades; STUDY with French Doors off entryway, large master suite with walk-in closet, open floor plan, gourmet cooktop, quartz countertops throughout! Neighborhood has 4 pools and clubhouses, hiking trails and in-neighborhood schools. Exactly what you're looking for, this one won't last.

604 Bird Creek Dr

Little Elm, Texas

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MARKET HIGHLIGHTS

Dallas Market Report

. 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)

Neighborhood: Paloma Creek South

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

Neighborhood: Paloma Creek South

* 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
Providence Elementary School	Primary	Regular	657	42	6
Navo Middle School	Middle	Regular	1,077	65	7
Denton High School	High	Regular	2,166	140	6

Providence Elementary School

Education Level: Primary
# of students: 657
# of teachers: 42

GreatSchools Rating

Navo Middle School

Education Level: Middle
# of students: 1,077
# of teachers: 65

GreatSchools Rating

Denton High School

Education Level: High
# of students: 2,166
# of teachers: 140

GreatSchools Rating

FINANCIALS

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$250,650$306,35000$278,500

PURCHASE PRICE

$1,647$2,01300$1,830

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,830
EXPENSES	Loan Payment	-$1,028
	Property Tax	-$584
	Property Insurance	-$135
	HOA	-$67
	Property Management Fees	-$99



CASH FLOW -$82

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.

$278,500

PROJECTED PRICE

$1,830

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS
Expense Inflation	2.50%
Rental Growth Year (1-5)	3.94%
Appreciation Year (1-5)	6.0%
Maintenance Year (1-5)	8.00%
Vacancy	6.93%
Length of Stay Years	2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

Cash Flow
Appreciation
Principal

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$79,553

Down Payment	$69,625
Rehab Estimate	$5,750
Closing Costs	$4,178

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,028

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$69,625
Loan Amount	$208,875

See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,481

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,830
LIST RENT
$0.98
LIST RENT PER SQFT

$1,837
COMP ESTIMATED VALUE
$0.98
COMP AVG. RENT PER SQFT

Comps Range

$1,710

1$1,7102$1,8003$1,8304$1,8505$2,075

$2,075

RENT COMPS ANALYSIS

1,870
PROPERTY SQFT
$0.98
AVG RENT PER SQFT
$1,837
ESTIMATED VALUE
$1,830
LIST RENT

2800 Bird Creek Court Little Elm, TX 5

3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2017
Price

Price Per SQFT

$278,500

$148.93
3013 Layla Creek Drive Little Elm, TX 1

3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2016
SOLD 06/19/20
Price

Price Per SQFT

$249,900

$141.75
620 Kinghaven Drive Little Elm, TX 2

3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,895 Sqft ∙ Built 2014
SOLD 06/03/20
Price

Price Per SQFT

$250,000

$131.93
3120 Layla Creek Drive Little Elm, TX 3

3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 2017
SOLD 08/21/20
Price

Price Per SQFT

$259,500

$147.19
2704 Castle Creek Drive Little Elm, TX 4

3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 2015
SOLD 07/07/20
Price

Price Per SQFT

$266,000

$143.47

2800 Bird Creek Court Little Elm, TX 3

3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 2017
Rent

Rent Per SQFT

$1,830

$0.98
3024 Manuel Creek Drive Little Elm, TX 1

3 beds 2 baths ∙ 1,755 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 2016
LEASED 03/09/20
Rent

Rent Per SQFT

$1,710

$0.97
516 Fossil Creek Drive Little Elm, TX 2

3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2018
LEASED 02/29/20
Rent

Rent Per SQFT

$1,800

$0.95
812 Bird Creek Drive Little Elm, TX 4

3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2016
LEASED 04/01/20
Rent

Rent Per SQFT

$1,850

$0.99
609 Fossil Creek Drive Little Elm, TX 5

4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2018
LEASED 08/07/20
Rent

Rent Per SQFT

$2,075

$1.02

PROPERTY LISTING DETAILS

Robert Parrish Ii
Direct Realty

Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027

North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471497
Last Updated: 11/14/2020

2800 Bird Creek Court Little Elm, TX 75068

$278,500

$1,830

$79,553

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

Listing Agent's Description

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Providence Elementary School

Navo Middle School

Denton High School

FINANCIALS

$250,650$306,35000$278,500

$1,647$2,01300$1,830

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$278,500

$1,830

0.66%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,028

3.17

$8,481

$278,500

$148.93

$263,829

$141.08

COMPS RANGE

PRICE COMPS ANALYSIS

$1,830

$0.98

$1,837

$0.98

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS