Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

300 Willow Springs Drive Coppell, TX 75019

3 Beds 2 Baths 1,559 sqft Built 1980

INVESTimate

$290,000

List Price

$1,740

$1,566 - $1,914

Rent Est.

$316,332  ( +9.08%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $186.02
  • 6 Days on Market
  • MLS # : 14416456
  • Updated Date : 08/23/2020 at 13:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,559 sqft
  • Baths : 2 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Welcome home. Wonderful open floor plan. You will enjoy the use of space in this charming and freshly painted Coppell gem. As you enter the home you are greeted by the open living and dining area adjacent to the functional kitchen with recently updated range. The bedrooms are strategically arranged with a secluded master in the back. You will enjoy spending time relaxing and grilling on the covered back porch. A fun deck with a bench swing is located just outside the home office. The roof was replaced in July 2020. This has been a long time family home but the kids have left the nest and its time for mom and dad to find something new for them. A great home for entertaining in award winning Coppell ISD!

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: Willowood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Neighborhood: Willowood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262695

* 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
Austin Elementary School Primary Regular 501 35 8
Coppell Middle East Middle Regular 905 55 10
Coppell High School High Regular 3,136 192 8

Austin Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 35
8
GreatSchools Rating

Coppell Middle East

  • Education Level: Middle
  • # of students: 905
  • # of teachers: 55
10
GreatSchools Rating

Coppell High School

  • Education Level: High
  • # of students: 3,136
  • # of teachers: 192
8
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,070
Property Tax -$649
Property Insurance -$117
Property Management Fees -$99
CASH FLOW
-$195

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.

$290,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 9.08%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,215

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,820

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7403$1,8004$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 300 Willow Springs Drive Coppell, TX 2
    • 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,559 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.12
    •  
  • 410 Cambria Drive Coppell, TX 1
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 1979
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.15
    •  
  • 418 Clear Creek Lane Coppell, TX 3
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1979
    property image
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 418 Woodhurst Drive Coppell, TX 4
    • 4 beds 2 baths ∙ 1,711 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,711 Sqft ∙ Built 1979
    property image
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.20
    •  
  • 249 Simmons Drive Coppell, TX 5
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1983
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.22
    •  
PROPERTY LISTING DETAILS
Blair Taylor
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416456
Last Updated: 08/23/2020
BESbswy