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309 Bricknell Drive Coppell, TX 75019

3 Beds 2 Baths 2,001 sqft Built 1995

$399,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $199.40
  • 4 Days on Market
  • MLS # : 14463984
  • Updated Date : 11/19/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,001 sqft
  • Baths : 2 full
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

This One Story Has 3 Bedrooms With A Flex Room And 2 Full Baths. Updated Throughout With Newer Flooring, Carpet, Neutral Color Palette, And Vinyl Windows. The Kitchen Is Wide Open To The Family Room And Features Granite, Stainless, Lots Of Counter Space And Cabinets, Walk In Pantry, And Plenty Of Room For Table. Lots Of Windows Make The Home Light And Bright Throughout With Views To The Back Covered Porch And Large Flagstone Patio. Private Backyard And Additional Parking Pad In The Back. Close To Dining, Shopping, And Major Highways. And Of Course, Coppell ISD Schools.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 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)

PRICE & RENT TRENDS

Zip Code: 75019

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Zip Code: 75019

ZipNIR 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
Cottonwood Creek Elementary School Primary Regular 538 36 9
Coppell Middle West Middle Regular 979 62 9
Coppell High School High Regular 3,136 192 8

Cottonwood Creek Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 36
9
GreatSchools Rating

Coppell Middle West

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 62
9
GreatSchools Rating

Coppell High School

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

$359,100$438,900$399,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,472
Property Tax -$893
Property Insurance -$143
HOA -$29
Property Management Fees -$99
CASH FLOW
-$436

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.

$399,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$557

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,311

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2003$2,3454$2,4995$2,500
$2,500
RENT COMPS ANALYSIS
  • 309 Bricknell Drive Coppell, TX 2
    • 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,001 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.10
    •  
  • 245 Tanbark Circle Coppell, TX 1
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 1986
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.17
    •  
  • 129 Branchwood Trail Coppell, TX 3
    • 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,010 Sqft ∙ Built 1994
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $1.17
    •  
  • 720 Davinci Court Coppell, TX 4
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2012
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $1.14
    •  
  • 318 Hampton Court Coppell, TX 5
    • 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,188 Sqft ∙ Built 1995
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.14
    •  
PROPERTY LISTING DETAILS
David Craft
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 #: 14463984
Last Updated: 11/19/2020
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