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316 Dakota Lane Coppell, TX 75019

4 Beds 3 Baths 3,030 sqft Built 1995

$509,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $167.99
  • 6 Days on Market
  • MLS # : 14464870
  • Updated Date : 11/03/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,030 sqft
  • Baths : 2 full , 1 half
Listing Agent

Listing Results, Llc

Listing Agent's Description

Large heated pool and spa, auto-sprinkler system, alarm system, overhead storage in garage. Close to Dallas, Ft Worth, DFW airport, Denton

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
Wilson Elementary School Primary Regular 554 38 7
Coppell Middle West Middle Regular 979 62 9
Coppell High School High Regular 3,136 192 8

Wilson Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 38
7
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
 

$458,100$559,900$509,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$1,878
Property Tax -$1,140
Property Insurance -$202
HOA -$10
Property Management Fees -$99
CASH FLOW
-$439

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.

$509,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.57%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,635

INVESTMENT

$140,635

Down Payment
$127,250
Rehab Estimate
$5,750
Closing Costs
$7,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,250
Loan Amount $381,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,455

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,916

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,8003$2,8904$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 316 Dakota Lane Coppell, TX 3
    • 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,030 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $0.95
    •  
  • 454 Harris Street Coppell, TX 1
    • 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 1990
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 115 Allencrest Lane Coppell, TX 2
    • 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 1992 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 1992
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.00
    •  
  • 248 Park Valley Drive Coppell, TX 4
    • 5 beds 3 baths ∙ 3,233 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,233 Sqft ∙ Built 1993
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.93
    •  
  • 509 Halifax Lane Coppell, TX 5
    • 4 beds 3 baths ∙ 3,228 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,228 Sqft ∙ Built 1990
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jack Mclemore
Listing Results, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464870
Last Updated: 11/03/2020
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