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310 Buttonwood Court Coppell, TX 75019

4 Beds 2 Baths 2,011 sqft Built 1994

$400,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $198.91
  • 5 Days on Market
  • MLS # : 14529042
  • Updated Date : 03/11/2021 at 21:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,011 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Dfw Preferred

Listing Agent's Description

WOW! Be the first to see this one owner, Coppell ISD beauty! This one won't last for long, so come see all of it's beautiful updates. Windows have been replaced with low E. Enjoy a beautiful backyard, with a covered patio- pergola. This home is perfect for anyone looking for 4 bedrooms, or 3 bedrooms and an office. With an open, updated kitchen, entertaining will be endless. New updates include automatic hot water heater, new disposal and recently replaced HVAC. You'll love the gas fireplace, and spacious secondary bedrooms. The neighborhood and school district are only another plus to this amazing home.

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
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,389
Property Tax -$896
Property Insurance -$143
HOA -$29
Property Management Fees -$99
CASH FLOW
-$326

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.

$400,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.56%

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$6.0k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,338

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2303$2,3454$2,3505$2,499
$2,499
RENT COMPS ANALYSIS
  • 310 Buttonwood Court Coppell, TX 2
    • 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,011 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $1.11
    •  
  • 245 Tanbark Circle Coppell, TX 1
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 1986
    property image
    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
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $1.17
    •  
  • 116 Branchwood Trail Coppell, TX 4
    • 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,017 Sqft ∙ Built 1994
    property image
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.17
    •  
  • 720 Davinci Court Coppell, TX 5
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2012
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $1.14
    •  
PROPERTY LISTING DETAILS
Chris Collins
Keller Williams Dfw Preferred
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529042
Last Updated: 03/11/2021
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