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304 Highpoint Drive Sunnyvale, TX 75182

4 Beds 4 Baths 4,489 sqft Built 2007

$575,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $128.09
  • 3 Days on Market
  • MLS # : 14492926
  • Updated Date : 01/01/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,489 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesusa.com

Listing Agent's Description

No expense has been spared in this beautiful one owner home. Fresh paint through out the house, beautiful quartz countertops in the kitchen, hand-scraped wood floors, over sized master bedroom that features an amazing closet to help you be organized. Over 4,400 sq ft 4 bedroom 3.1 bathrooms and 3 car garage home has plenty of space for entertaining family and friends. Over sized backyard with electric sliding gate. HOA features two pools, 2 playgrounds, work out facility, club house, private pond and fishing doc. This home is conveniently located in the heart of Sunnyvale, very close to downtown Dallas and access to multiple highways.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$2,122
Property Tax -$1,241
Property Insurance -$287
HOA -$63
Property Management Fees -$99
CASH FLOW
-$960

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.

$575,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$4

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,738

    COMP ESTIMATED VALUE
  • $0.61

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$2,8503$3,775
$3,775
RENT COMPS ANALYSIS
  • 304 Highpoint Drive Sunnyvale, TX 2
    • 4 beds 4 baths ∙ 4,489 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,489 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.63
    •  
  • 303 S Waterford Oaks Drive Cedar Hill, TX 1
    • 3 beds 3 baths ∙ 4,455 Sqft ∙ Built 2007 3 beds 3 baths ∙ 4,455 Sqft ∙ Built 2007
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.38
    •  
  • 304 Highpoint Sunnyvale, TX 3
    • 4 beds 4 baths ∙ 4,489 Sqft ∙ Built 2007 4 beds 4 baths ∙ 4,489 Sqft ∙ Built 2007
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,775
    • $0.84
    •  
PROPERTY LISTING DETAILS
Navjot Singh
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492926
Last Updated: 01/01/2021
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