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2808 Annandale Drive Trophy Club, TX 76262

4 Beds 5 Baths 3,877 sqft Built 2014

INVESTimate

$594,900

List Price

$3,950

$3,700 - $4,200

Rent Est.

$619,588  ( +4.15%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $153.44
  • 7 Days on Market
  • MLS # : 14417024
  • Updated Date : 08/21/2020 at 10:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,877 sqft
  • Baths : 3 full , 2 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

HIGHLY COVETED LENNAR NEXT GEN FLOOR PLAN WITH ATTACHED PRIVATE SUITE NOW AVAILABLE! A limited number were built, making this floor plan highly sought after and rarely available for resale. Ideally designed for today, the guest suite includes a private entrance with living room, kitchen, laundry, bath, lg bedroom & garage. The main home features a private study, game and media rooms, large living room with floor to ceiling stone fireplace, light filled kitchen & breakfast room + owners suite & 2 additional bedrooms. Loaded with upgrades including gorgeous hardwood floors, tankless WHs & surround sound throughout with extended patio for entertaining + amazing curb appeal! THIS IS THE ONE YOU'VE BEEN WAITING FOR!

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
Samuel Beck Elementary School Primary Regular 731 47 10
Medlin Middle School Middle Regular 1,078 65 8

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
 

$535,410$654,390$594,900

PURCHASE PRICE

$3,555$4,345$3,950

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,950
EXPENSES Loan Payment -$2,195
Property Tax -$1,105
Property Insurance -$251
HOA -$33
Property Management Fees -$99
CASH FLOW
$266

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.

$594,900

PROJECTED PRICE

$3,950

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.15%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$163,399

INVESTMENT

$163,399

Down Payment
$148,725
Rehab Estimate
$5,750
Closing Costs
$8,924

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,195

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $148,725
Loan Amount $446,175
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$60,432

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,950

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $4,265

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$3,850
1$3,8502$3,9503$4,500
$4,500
RENT COMPS ANALYSIS
  • 2808 Annandale Drive Trophy Club, TX 2
    • 4 beds 5 baths ∙ 3,877 Sqft ∙ Built 2014 4 beds 5 baths ∙ 3,877 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $1.02
    •  
  • 2715 Morgan Lane Trophy Club, TX 1
    • 4 beds 4 baths ∙ 3,562 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,562 Sqft ∙ Built 2012
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $1.08
    •  
  • 2450 Lilyfield Drive Trophy Club, TX 3
    • 5 beds 4 baths ∙ 4,014 Sqft ∙ Built 2009 5 beds 4 baths ∙ 4,014 Sqft ∙ Built 2009
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.12
    •  
PROPERTY LISTING DETAILS
Kristin Vivian
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 #: 14417024
Last Updated: 08/21/2020
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