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314 Meadow Drive Sunnyvale, TX 75182

4 Beds 4 Baths 3,820 sqft Built 1998

$749,000

List Price

$2,770

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $196.07
  • 3 Days on Market
  • MLS # : 14483697
  • Updated Date : 01/01/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,820 sqft
  • Baths : 3 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

All the feels of country living but only 20 mins to downtown Dallas! Spread out with plenty of flex space in custom built, meticulously maintained, single owner, 1 Story situated on.7 acre lot overlooking pond. Stunning drive up w mature oaks welcome to circle drive + extended gated driveway w add rear parking that leads to 3 car garage. Notice new Tier 4 roof as you enter double iron doors. Breathtaking views of outdoor landscape from floor to ceiling windows that beckon natural light and show off hand scraped hardwoods. Entertain in formals or living that opens to airy kitchen featuring white cabinetry & built ins + high end appliances. 420sqft bonus rm upstairs. Amazing backyard w pond views + nearby parks!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Meadowlake

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $122k501k

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

Neighborhood: Meadowlake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262896

* 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
Sunnyvale Elementary School Primary Regular 596 34 8
Sunnyvale Middle School Middle Regular 480 28 8
Sunnyvale High School High Regular 442 34 7

Sunnyvale Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 34
8
GreatSchools Rating

Sunnyvale Middle School

  • Education Level: Middle
  • # of students: 480
  • # of teachers: 28
8
GreatSchools Rating

Sunnyvale High School

  • Education Level: High
  • # of students: 442
  • # of teachers: 34
7
GreatSchools Rating
 

$674,100$823,900$749,000

PURCHASE PRICE

$2,493$3,047$2,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,770
EXPENSES Loan Payment -$2,763
Property Tax -$1,616
Property Insurance -$248
HOA -$83
Property Management Fees -$99
CASH FLOW
-$2,040

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.

$749,000

PROJECTED PRICE

$2,770

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$35k-$30k-$25k-$20k-$15k-$10k-$5.0k$0.0

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$204,235

INVESTMENT

$204,235

Down Payment
$187,250
Rehab Estimate
$5,750
Closing Costs
$11,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,763

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,250
Loan Amount $561,750
See What Happens When You Reinvest Cash Flow

-0.33

YEARS SAVED

$3,715

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,770

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $3,158

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7703$3,0004$3,500
$3,500
RENT COMPS ANALYSIS
  • 314 Meadow Drive Sunnyvale, TX 2
    • 4 beds 4 baths ∙ 3,820 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,820 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,770
    • $0.73
    •  
  • 206 Rain Tree Drive Sunnyvale, TX 1
    • 5 beds 4 baths ∙ 3,604 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,604 Sqft ∙ Built 2000
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.74
    •  
  • 295 Creekwood Drive Sunnyvale, TX 3
    • 5 beds 4 baths ∙ 3,910 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,910 Sqft ∙ Built 2000
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.77
    •  
  • 286 Morning Fog Lane Sunnyvale, TX 4
    • 5 beds 5 baths ∙ 3,616 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,616 Sqft ∙ Built 2018
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Amy Grimmer
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483697
Last Updated: 01/01/2021
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