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294 Duxbury Court Sunnyvale, TX 75182

5 Beds 4 Baths 3,937 sqft Built 2007

INVESTimate

$460,000

List Price

$3,150

$2,900 - $3,400

Rent Est.

$481,804  ( +4.74%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $116.84
  • 2 Days on Market
  • MLS # : 14413804
  • Updated Date : 08/25/2020 at 11:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,937 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

Priced to Sell Fast ! Exceptional opportunity in Gated Stoney Creek. Spacious and welcoming one and one and half story home with tremendous potential. 5 Bedrooms-3.5 Baths- 2 Large Living areas . Upstairs Game room and Media Room. Plenty of space in the backyard for outdoor activities. Won't Last Long ! Sold as is.

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: Stoney Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k499k

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

Neighborhood: Stoney Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263257

* 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
Sunnyvale Elementary School Primary Regular 596 34 8
Sunnyvale Middle School Middle Regular 480 28 8
Sunnyvale High School High Regular 442 34 7

Sunnyvale Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 34
8
GreatSchools Rating

Sunnyvale Middle School

  • Education Level: Middle
  • # of students: 480
  • # of teachers: 28
8
GreatSchools Rating

Sunnyvale High School

  • Education Level: High
  • # of students: 442
  • # of teachers: 34
7
GreatSchools Rating
 

$414,000$506,000$460,000

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

PROJECTED ANNUAL CASH FLOW

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

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 -$1,697
Property Tax -$993
Property Insurance -$255
HOA -$132
Property Management Fees -$99
CASH FLOW
-$25

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.

$460,000

PROJECTED PRICE

$3,150

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.74%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,697

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$20,723

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
  • $0.8

    LIST RENT PER SQFT
  • $3,412

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$3,1503$3,5004$3,500
$3,500
RENT COMPS ANALYSIS
  • 294 Duxbury Court Sunnyvale, TX 2
    • 5 beds 4 baths ∙ 3,937 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,937 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.80
    •  
  • 289 Stone Ridge Drive Sunnyvale, TX 1
    • 4 beds 4 baths ∙ 3,982 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,982 Sqft ∙ Built 2009
    LEASED 04/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.70
    •  
  • 414 Duxbury Court Sunnyvale, TX 3
    • 4 beds 4 baths ∙ 3,752 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,752 Sqft ∙ Built 2011
    LEASED 02/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.93
    •  
  • 286 Morning Fog Lane Sunnyvale, TX 4
    • 5 beds 5 baths ∙ 3,616 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,616 Sqft ∙ Built 2018
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Michael Barakatt
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14413804
Last Updated: 08/25/2020
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