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2911 Gentle Creek Trail 
Prosper, TX
75078
4 Beds 4 Baths 3,457 sqft
Built 2016
INVESTimate
$659,900
List Price
$180,624
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PROPERTY INFO
FACTS
- Built In 2016
- Price/Sqft : $190.89
- 3 Days on Market
- MLS # : 14408669
- Updated Date : 08/25/2020 at 02:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,457 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Prosper Celina
Listing Agent's Description
Highly Sought After ONE STORY Huntington Home in Gentle Creek Estates. 4 bedrm, 3.5 baths w clean lines enhancing architectural interest throughout. Living area accented w 20ft vaulted BEAMED ceilings. Wood floors, tons of natural light & upgrades throughout. Open kitchen, 6 burner gas cook top, dbl ovens, huge island, quartz c-tops, b-in fridge, DBL ovens & lg butler pantry. B-in hutch in breakfast nook is amazing! Spacious owners suite w-spa-like bath, DBL vanities & dressing area. Media rm & study provide ample living space. Enjoy the mornings & evenings on the extended covered patio w electric shades, fire place & C-fan. The backyard is spacious & perfect for a pool. In the heart of Prosper & Prosper ISD!!
SEE MORE
- . 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
Zip Code: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75078
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,500 |
| EXPENSES | Loan Payment | -$2,435 |
| Property Tax | -$1,289 | |
| Property Insurance | -$227 | |
| HOA | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$616
|
||
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.
$659,900
PROJECTED PRICE
$3,500
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 5.05% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$180,624
LOAN DETAILS
$2,435
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $164,975 |
| Loan Amount | $494,925 |
0.67
YEARS SAVED
$2,378
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,500
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$3,059
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
2911 Gentle Creek Trail Prosper, TX 5
- 4 beds 4 baths ∙ 3,457 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,457 Sqft ∙ Built 2016
- Rent
- Rent Per SQFT
- $3,500
- $1.01
-
2600 Cedarbrook Lane Prosper, TX 1
- 3 beds 3 baths ∙ 3,456 Sqft ∙ Built 2007 3 beds 3 baths ∙ 3,456 Sqft ∙ Built 2007
LEASED 05/26/20- Rent
- Rent Per SQFT
- $2,850
- $0.82
-
850 Wind Brook Lane Prosper, TX 2
- 4 beds 3 baths ∙ 3,228 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,228 Sqft ∙ Built 2005
LEASED 05/29/20- Rent
- Rent Per SQFT
- $2,995
- $0.93
-
1700 Red Rose Trail Celina, TX 3
- 5 beds 5 baths ∙ 3,762 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,762 Sqft ∙ Built 2017
LEASED 05/06/20- Rent
- Rent Per SQFT
- $3,200
- $0.85
-
1521 Lariat Drive Prosper, TX 4
- 4 beds 4 baths ∙ 3,502 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,502 Sqft ∙ Built 2019
LEASED 03/01/20- Rent
- Rent Per SQFT
- $3,300
- $0.94
PROPERTY LISTING DETAILS
Keller Williams Prosper Celina
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14408669
Last Updated: 08/25/2020
