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3233 Shadow Wood Circle Highland Village, TX 75077

4 Beds 4 Baths 3,767 sqft Built 2006

$549,900

List Price

$3,180

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $145.98
  • 1 Days on Market
  • MLS # : 14528863
  • Updated Date : 03/12/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,767 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Urban Dallas

Listing Agent's Description

Your perfect family home awaits on a GORGEOUS BACK CORNER LOT! Step inside this charming gem in the graceful hills of Highland Shores. With a thoughtfully produced and spacious floor plan, this updated 4 bedroom, 3.1 bathroom home has been given a new 3 tone interior paint scheme, eye-catching engineered hardwood floors, luxury rustic finishes, & new carpet. With a large master bedroom retreat w a HUGE walk-in coset downstairs, the gourmet kitchen overlooks a warm living space & gorgeous fireplace. An office, a living space on each floor, two dining rooms, an upstairs private media room, a large flex room perfect for kids, tons of closet space. Near shops, restaurants, walking trails, 20 mins from DFW airport.

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: Highland Shores

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k439k

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

Neighborhood: Highland Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262941

* 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
Heritage Elementary School Primary Regular 651 39 10
Briarhill Middle School Middle Regular 955 66 9
Marcus High School High Regular 2,439 151 8

Heritage Elementary School

  • Education Level: Primary
  • # of students: 651
  • # of teachers: 39
10
GreatSchools Rating

Briarhill Middle School

  • Education Level: Middle
  • # of students: 955
  • # of teachers: 66
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,862$3,498$3,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,180
EXPENSES Loan Payment -$1,910
Property Tax -$1,006
Property Insurance -$245
HOA -$68
Property Management Fees -$99
CASH FLOW
-$149

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.

$549,900

PROJECTED PRICE

$3,180

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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-$5.0k$0.0$5.0k$10k$15k

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$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$14,482

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,180

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,938

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,8504$3,0005$3,180
$3,180
RENT COMPS ANALYSIS
  • 3233 Shadow Wood Circle Highland Village, TX 5
    • 4 beds 4 baths ∙ 3,767 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,767 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,180
    • $0.84
    •  
  • 2437 Shetland Drive Highland Village, TX 1
    • 4 beds 3 baths ∙ 3,436 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,436 Sqft ∙ Built 1993
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.73
    •  
  • 4203 Lansbury Drive Highland Village, TX 2
    • 4 beds 3 baths ∙ 3,476 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,476 Sqft ∙ Built 2006
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.75
    •  
  • 3025 Darlington Drive Highland Village, TX 3
    • 5 beds 3 baths ∙ 3,525 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,525 Sqft ∙ Built 2003
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.81
    •  
  • 1240 Fortner Road Lantana, TX 4
    • 5 beds 5 baths ∙ 3,615 Sqft ∙ Built 2010 5 beds 5 baths ∙ 3,615 Sqft ∙ Built 2010
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.83
    •  
PROPERTY LISTING DETAILS
Alexa Anderson
Keller Williams Urban Dallas
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14528863
Last Updated: 03/12/2021
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