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313 Comanche Walk Joshua, TX 76058

3 Beds 2 Baths 1,454 sqft Built 2000

$210,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $144.43
  • 2 Days on Market
  • MLS # : 14475621
  • Updated Date : 11/21/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,454 sqft
  • Baths : 2 full
Listing Agent

League Real Estate

Listing Agent's Description

Well cared for home in Joshua ISD. No carpet, tile throughout home. Open floor plan with split bedrooms. Gas starter log fireplace perfect for those winter nights coming up. Eat in kitchen right off the living area with stainless steal high end appliances and granite counter tops. Good size master with dual sinks, and his and hers closets. Enjoy a cup of coffee on your covered back patio and take in the quiet street of Comanche Walk. Bring your buyers today.

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

Neighborhood: Village Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $91k243k

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

Neighborhood: Village Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9041734

* 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
A.g. Elder Elementary School Primary Regular 546 41 6
A.g. Elder Elementary School Middle Regular 546 41 6
Joshua Ninth Grade Campus High Regular 391 29 7

A.g. Elder Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 41
6
GreatSchools Rating

A.g. Elder Elementary School

  • Education Level: Middle
  • # of students: 546
  • # of teachers: 41
6
GreatSchools Rating

Joshua Ninth Grade Campus

  • Education Level: High
  • # of students: 391
  • # of teachers: 29
7
GreatSchools Rating
 

$189,000$231,000$210,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$775
Property Tax -$503
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
$12

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$210,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,400

INVESTMENT

$61,400

Down Payment
$52,500
Rehab Estimate
$5,750
Closing Costs
$3,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$775

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,500
Loan Amount $157,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$11,824

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,563

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,5004$1,5755$1,850
$1,850
RENT COMPS ANALYSIS
  • 313 Comanche Walk Joshua, TX 3
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 407 Dakota Drive Joshua, TX 1
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 2002
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.10
    •  
  • 112 Bentley Drive Joshua, TX 2
    • 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1996
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.04
    •  
  • 417 Dakota Drive Joshua, TX 4
    • 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 2001
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.13
    •  
  • 401 Kayley Lane Joshua, TX 5
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2016
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jayme Taylor
League Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14475621
Last Updated: 11/21/2020
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