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2814 Sherwood Drive Trophy Club, TX 76262

4 Beds 4 Baths 2,876 sqft Built 2011

$479,900

List Price

$3,060

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $166.86
  • 3 Days on Market
  • MLS # : 14473292
  • Updated Date : 11/20/2020 at 13:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,876 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass Re Texas, Llc

Listing Agent's Description

PICTURE PERFECT 4-3.1-2 IN THE POPULAR ABBEY MOOR SECTION OF THE HIGHLANDS AT TROPHY CLUB* Impeccably maintained with $45K+ in updates including a lg covered outdoor patio, fresh paint, newer carpet, dishwasher, hot water heater and more. Gorgeous hardwood floors, custom bookcases and a coffered ceiling are just a few of the highlights. The open floor plan features private study, formal dining room, spacious kitchen with lg island, ss appliances, gas cooktop, plus a luxurious master suite. Upstairs you'll find a spacious game room, 3 bedrooms and 2 full baths. THIS ONE IS SPECIAL - see it before it's gone. Located in a fabulous golf community with award-winning NWISD + pool, parks, shopping & dining nearby!

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 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
 

$431,910$527,890$479,900

PURCHASE PRICE

$2,754$3,366$3,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,060
EXPENSES Loan Payment -$1,771
Property Tax -$891
Property Insurance -$193
HOA -$37
Property Management Fees -$99
CASH FLOW
$69

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.

$479,900

PROJECTED PRICE

$3,060

PROJECTED RENT

0.64%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$33,670

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,060

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $3,034

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$3,0603$3,1994$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 2814 Sherwood Drive Trophy Club, TX 2
    • 4 beds 4 baths ∙ 2,876 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,876 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $3,060
    • $1.06
    •  
  • 2848 Exeter Drive Trophy Club, TX 1
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 2014
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.96
    •  
  • 2623 Kingsford Lane Trophy Club, TX 3
    • 3 beds 2 baths ∙ 2,922 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,922 Sqft ∙ Built 2011
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,199
    • $1.09
    •  
  • 2837 Sherwood Drive Trophy Club, TX 4
    • 4 beds 4 baths ∙ 2,946 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,946 Sqft ∙ Built 2012
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.09
    •  
  • 2824 Earl Drive Trophy Club, TX 5
    • 4 beds 4 baths ∙ 2,973 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,973 Sqft ∙ Built 2012
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.08
    •  
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 #: 14473292
Last Updated: 11/20/2020
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