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315 Hampton Court Coppell, TX 75019

4 Beds 3 Baths 2,981 sqft Built 1995

$535,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $179.47
  • 3 Days on Market
  • MLS # : 14514103
  • Updated Date : 02/05/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,981 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Stunning former model ideally located on cul-de-sac lot steps from Cottonwood Creek Elementary. This popular Sovereign plan features lower level Master Suite, 3 spacious bedrooms, 3 living areas. The interior offers hardwood floors, crown molding, integrated speakers, custom built-ins. The large backyard makes a perfect playground with plenty of space to add your own custom pool. Wonderful neighborhood with easy access to schools, parks, trails & more

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
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$1,858
Property Tax -$1,198
Property Insurance -$199
HOA -$29
Property Management Fees -$99
CASH FLOW
-$444

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.

$535,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.55%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,699

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,951

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8503$2,8904$2,9405$3,250
$3,250
RENT COMPS ANALYSIS
  • 315 Hampton Court Coppell, TX 4
    • 4 beds 3 baths ∙ 2,981 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,981 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $0.99
    •  
  • 130 Oakbend Drive Coppell, TX 1
    • 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 1994
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.97
    •  
  • 513 Layton Drive Coppell, TX 2
    • 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,852 Sqft ∙ Built 1997
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.00
    •  
  • 156 Bricknell Lane Coppell, TX 3
    • 5 beds 3 baths ∙ 3,089 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,089 Sqft ∙ Built 1998
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $0.94
    •  
  • 514 Gifford Drive Coppell, TX 5
    • 4 beds 4 baths ∙ 3,082 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,082 Sqft ∙ Built 1996
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.05
    •  
PROPERTY LISTING DETAILS
Cary Mccoy
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514103
Last Updated: 02/05/2021
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