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3020 Trailwood Lane Flower Mound, TX 75028

5 Beds 3 Baths 2,832 sqft Built 1991

INVESTimate

$379,000

List Price

$2,490

$2,241 - $2,739

Rent Est.

$404,431  ( +6.71%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $133.83
  • 6 Days on Market
  • MLS # : 14417542
  • Updated Date : 08/21/2020 at 10:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,832 sqft
  • Baths : 2 full , 1 half
Listing Agent

Taylor Realty Associates-dfw

Listing Agent's Description

NO HOA! 5 bedrooms! This home is zoned to one of LISD's STEM school - Donald Elementary. The stacked stone gas fireplace makes this open concept living, dining, kitchen perfect for entertaining. The kitchen has beautiful granite, new DW and disposal. The formals up front with beautiful wood floors give you even more space for family gatherings. Large master retreat is downstairs along with a large laundry room. Upstairs has another large living area with a closet and 4 good sized bedrooms with walk-in closets. Beautiful view of the backyard from the kitchen. .

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: Creek Wood

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k402k

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

Neighborhood: Creek Wood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262573

* 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
Donald Elementary School Primary Regular 497 36 7
Forestwood Middle School Middle Regular 693 49 8
Flower Mound High School High Regular 2,550 157 10

Donald Elementary School

  • Education Level: Primary
  • # of students: 497
  • # of teachers: 36
7
GreatSchools Rating

Forestwood Middle School

  • Education Level: Middle
  • # of students: 693
  • # of teachers: 49
8
GreatSchools Rating

Flower Mound High School

  • Education Level: High
  • # of students: 2,550
  • # of teachers: 157
10
GreatSchools Rating
 

$341,100$416,900$379,000

PURCHASE PRICE

$2,241$2,739$2,490

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,398
Property Tax -$654
Property Insurance -$191
Property Management Fees -$99
CASH FLOW
$147

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.

$379,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.71%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$36,588

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,655

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,490
1$2,4902$2,5003$2,5504$2,6955$2,750
$2,750
RENT COMPS ANALYSIS
  • 3020 Trailwood Lane Flower Mound, TX 1
    • 5 beds 3 baths ∙ 2,832 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,832 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.88
    •  
  • 2820 Stanford Drive Flower Mound, TX 2
    • 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 2000
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
  • 2113 Beechwood Lane Flower Mound, TX 3
    • 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 1994
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.94
    •  
  • 2521 Sycamore Leaf Lane Flower Mound, TX 4
    • 5 beds 3 baths ∙ 2,779 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,779 Sqft ∙ Built 1998
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.97
    •  
  • 3416 Devonshire Court Flower Mound, TX 5
    • 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,892 Sqft ∙ Built 1997
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.95
    •  
PROPERTY LISTING DETAILS
Kim Patterson
Taylor Realty Associates-dfw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417542
Last Updated: 08/21/2020
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