Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3301 Fox Glen Drive Colleyville, TX 76034

3 Beds 3 Baths 2,665 sqft Built 1988

$499,900

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $187.58
  • 3 Days on Market
  • MLS # : 14466403
  • Updated Date : 11/06/2020 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,665 sqft
  • Baths : 3 full
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

Wow .404 acre in Colleyville! This updated, single story home with a pool, shop, and 2nd outbuilding is ready for a new owner! Located in the quiet subdivision of Fox Glen. You will be pleased to find a study at the front of the home plus a formal dining area that can expand into the large living space for those holidays that are coming soon. The property has been updated with tile in the main living areas and kitchen. Wood flooring is featured in the bedrooms. The enclosed patio completes the interior living space. Outside it gets better! In addition to the 2 car garage, the 28 x 26 shop is available to house approximately 3 more cars plus an extended concrete pad for an RV or boat with covering. No HOA.

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

Neighborhood: Fox Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k586k

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

Neighborhood: Fox Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263549

* 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 454 29 9
Heritage Middle School Middle Regular 922 51 9
Heritage Middle School High Regular 922 51 9

Heritage Elementary School

  • Education Level: Primary
  • # of students: 454
  • # of teachers: 29
9
GreatSchools Rating

Heritage Middle School

  • Education Level: Middle
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating

Heritage Middle School

  • Education Level: High
  • # of students: 922
  • # of teachers: 51
9
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,844
Property Tax -$963
Property Insurance -$181
Property Management Fees -$99
CASH FLOW
-$588

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.

$499,900

PROJECTED PRICE

$2,500

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.0%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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$10k

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$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$434

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,758

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6003$2,7004$2,7005$2,995
$2,995
RENT COMPS ANALYSIS
  • 3301 Fox Glen Drive Colleyville, TX 1
    • 3 beds 3 baths ∙ 2,665 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,665 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
  • 3541 Hightimber Drive Grapevine, TX 2
    • 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,675 Sqft ∙ Built 1984
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 3320 Circlewood Court Grapevine, TX 3
    • 4 beds 3 baths ∙ 2,619 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,619 Sqft ∙ Built 1988
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.03
    •  
  • 4118 Heartstone Drive Grapevine, TX 4
    • 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,518 Sqft ∙ Built 1985
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.07
    •  
  • 4708 Patterson Lane Colleyville, TX 5
    • 4 beds 2 baths ∙ 2,804 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,804 Sqft ∙ Built 2002
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.07
    •  
PROPERTY LISTING DETAILS
Pamela Yoakum
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466403
Last Updated: 11/06/2020
BESbswy