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3104 Hillside Drive Highland Village, TX 75077

5 Beds 5 Baths 4,194 sqft Built 1994

$739,900

List Price

$3,650

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $176.42
  • 8 Days on Market
  • MLS # : 14478123
  • Updated Date : 11/29/2020 at 19:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,194 sqft
  • Baths : 4 full , 1 half
Listing Agent

Re/max Unlimited

Listing Agent's Description

Stunning Custom located in The Point. Quality craftsmanship & architecture shows throughout, from beautiful soaring coffered, cathedral and tray ceilings, two fireplaces & walls of windows with mesmerizing views, to the dream kitchen with multiple pantries. Master retreat with its enormous master ensuite that includes oversized california shower, soaking tub, separate vanities and make up vanity is luxurious. 3 secondary bedrooms, game room, & media room upstairs. Breathtaking backyard is terraced with views of Lake Lewisville to enjoy while you relax in the heated pool and entertain in the outdoor kitchen.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Neighborhood: Highland Shores

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k439k

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

Neighborhood: Highland Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262941

* 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
Mcauliffe Elementary School Primary Regular 520 37 9
Briarhill Middle School Middle Regular 955 66 9
Marcus High School High Regular 2,439 151 8

Mcauliffe Elementary School

  • Education Level: Primary
  • # of students: 520
  • # of teachers: 37
9
GreatSchools Rating

Briarhill Middle School

  • Education Level: Middle
  • # of students: 955
  • # of teachers: 66
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$665,910$813,890$739,900

PURCHASE PRICE

$3,285$4,015$3,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,650
EXPENSES Loan Payment -$2,730
Property Tax -$1,354
Property Insurance -$270
HOA -$68
Property Management Fees -$99
CASH FLOW
-$870

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.

$739,900

PROJECTED PRICE

$3,650

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,824

INVESTMENT

$201,824

Down Payment
$184,975
Rehab Estimate
$5,750
Closing Costs
$11,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $184,975
Loan Amount $554,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$619

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,650

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $3,565

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$3,295
1$3,2952$3,6503$3,8004$4,000
$4,000
RENT COMPS ANALYSIS
  • 3104 Hillside Drive Highland Village, TX 2
    • 5 beds 5 baths ∙ 4,194 Sqft ∙ Built 1994 5 beds 5 baths ∙ 4,194 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $3,650
    • $0.87
    •  
  • 100 Thistle Court Highland Village, TX 1
    • 4 beds 4 baths ∙ 4,436 Sqft ∙ Built 1992 4 beds 4 baths ∙ 4,436 Sqft ∙ Built 1992
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $0.74
    •  
  • 2008 Cartwright Court Flower Mound, TX 3
    • 4 beds 4 baths ∙ 4,280 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,280 Sqft ∙ Built 2005
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.89
    •  
  • 2805 Deerhurst Drive Highland Village, TX 4
    • 4 beds 4 baths ∙ 4,332 Sqft ∙ Built 2006 4 beds 4 baths ∙ 4,332 Sqft ∙ Built 2006
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.92
    •  
PROPERTY LISTING DETAILS
Tracey Dierolf
Re/max Unlimited
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14478123
Last Updated: 11/29/2020
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