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312 Moonvine Drive Little Elm, TX 75068

3 Beds 2 Baths 1,742 sqft Built 2020

INVESTimate

$329,633

List Price

$1,610

$1,449 - $1,771

Rent Est.

$354,586  ( +7.57%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $189.23
  • 8 Days on Market
  • MLS # : 14416506
  • Updated Date : 08/20/2020 at 04:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,742 sqft
  • Baths : 2 full
Listing Agent

David M. Weekley

Listing Agent's Description

NEW DAVID WEEKLEY HOME! Explore the remarkable possibilities of this spacious Applewood dream home. End each day and wake up refreshed in the luxurious master suite that includes a walk in closet. The spare bedrooms offer privacy, personality and walk-in closets. Share your culinary masterpieces on the presentation island in the modern kitchen. Your sunlit open-concept floor plan has been designed for daily life and unforgettable celebrations. You'' love living in this three bedroom, two bath new home. Don't forget to ask about our 1-2-10 Year Warranty and SAVE BIG with our Energy saver program!

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: 75068

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75068

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Cross Oaks Elementary School Primary Regular 596 40 6
Navo Middle School Middle Regular 1,077 65 7
Billy Ryan High School High Regular 2,409 170 5

Cross Oaks Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 40
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Billy Ryan High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 170
5
GreatSchools Rating
 

$296,670$362,596$329,633

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

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 $1,610
EXPENSES Loan Payment -$1,216
Property Tax -$691
Property Insurance -$128
HOA -$63
Property Management Fees -$99
CASH FLOW
-$587

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$329,633

PROJECTED PRICE

$1,610

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.57%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,353

INVESTMENT

$89,353

Down Payment
$82,408
Rehab Estimate
$2,000
Closing Costs
$4,944

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,408
Loan Amount $247,225
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$7

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,620

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6004$1,6005$1,610
$1,610
RENT COMPS ANALYSIS
  • 312 Moonvine Drive Little Elm, TX 5
    • 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,742 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.92
    •  
  • 9109 Wayne Street Cross Roads, TX 1
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2014
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 8932 Stewart Street Cross Roads, TX 2
    • 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,804 Sqft ∙ Built 2006
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 9116 Stewart Street Cross Roads, TX 3
    • 3 beds 3 baths ∙ 1,888 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,888 Sqft ∙ Built 2013
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 9121 Eastwood Avenue Cross Roads, TX 4
    • 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 2013
    property image
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416506
Last Updated: 08/20/2020
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