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2825 Exeter Drive Trophy Club, TX 76262

5 Beds 4 Baths 3,050 sqft Built 2013

INVESTimate

$479,950

List Price

$3,150

$2,900 - $3,400

Rent Est.

$499,868  ( +4.15%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $157.36
  • 6 Days on Market
  • MLS # : 14417592
  • Updated Date : 08/24/2020 at 15:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,050 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Welcome! This breath taking home is ready for new owners! You will love the open floorplan, gourmet kitchen, versatile formal dining or study, and bedrooms for everyone. Master plus one bedroom are on the first floor, and others are upstairs. The gourmet kitchen and open floor plan to the living area are perfect for family gatherings or guests. There is something here for everyone! Pictures do not do it justice. This home was built in 2013 and is better than new! Call and schedule a tour now!

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
 

$431,955$527,945$479,950

PURCHASE PRICE

$2,835$3,465$3,150

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$1,771
Property Tax -$892
Property Insurance -$202
HOA -$25
Property Management Fees -$99
CASH FLOW
$162

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.

$479,950

PROJECTED PRICE

$3,150

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$132,937

INVESTMENT

$132,937

Down Payment
$119,988
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $119,988
Loan Amount $359,963
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$43,136

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,150

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $3,214

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,1503$3,2004$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 2825 Exeter Drive Trophy Club, TX 2
    • 5 beds 4 baths ∙ 3,025 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,025 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.04
    •  
  • 2814 Sherwood Drive Trophy Club, TX 1
    • 4 beds 4 baths ∙ 2,876 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,876 Sqft ∙ Built 2011
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.08
    •  
  • 2837 Sherwood Drive Trophy Club, TX 3
    • 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 4
    • 4 beds 4 baths ∙ 2,973 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,973 Sqft ∙ Built 2012
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.08
    •  
  • 2850 Sherwood Drive Trophy Club, TX 5
    • 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,212 Sqft ∙ Built 2015
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.00
    •  
PROPERTY LISTING DETAILS
Debbie Self
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417592
Last Updated: 08/24/2020
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