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

3302 Hyde Street Irving, TX 75063

4 Beds 5 Baths 3,519 sqft Built 2017

INVESTimate

$639,900

List Price

$3,150

$2,900 - $3,400

Rent Est.

$664,280  ( +3.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $181.84
  • 4 Days on Market
  • MLS # : 14418932
  • Updated Date : 08/23/2020 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,519 sqft
  • Baths : 3 full , 2 half
Listing Agent

Starpro Realty Inc.

Listing Agent's Description

Gorgeous North Facing 2 Story Highland home 4 Bedroom,3.2 Baths,Formal Dining,Study,Game Room+Media Room in highly sought after community of Parkside and Coppell ISD. Master & guest bedrooms with private baths on first floor.Gorgeous Chef’s Kitchen include oversized island, pendant lights, Quartz countertops, custom back splash open to Generous Family Room with Soaring Ceiling and Cozy Fireplace!Master bath with Quartz counters. Upstairs is a Large Game room+Media room, two secondary bedrooms. Upgrades include Beautiful hardwood floors throughout most of the first floor, large ceramic tile, planning desk in the kitchen,mud room,transitional fireplace,upgraded carpet.Covered Patio and close to neighborhood park

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: Las Colinas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $107k482k

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

Neighborhood: Las Colinas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $10433419

* 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
Pinkerton Elementary School Primary Regular 322 25 9
Coppell Middle West Middle Regular 979 62 9
Coppell High School High Regular 3,136 192 8

Pinkerton Elementary School

  • Education Level: Primary
  • # of students: 322
  • # of teachers: 25
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
 

$575,910$703,890$639,900

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

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-$20k-$15k-$10k-$5.0k$0.0

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$2,361
Property Tax -$1,414
Property Insurance -$231
HOA -$117
Property Management Fees -$99
CASH FLOW
-$1,072

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.

$639,900

PROJECTED PRICE

$3,150

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 3.81%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,324

INVESTMENT

$175,324

Down Payment
$159,975
Rehab Estimate
$5,750
Closing Costs
$9,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $159,975
Loan Amount $479,925
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$8

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,150

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $3,176

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1503$3,2904$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 3302 Hyde Street Irving, TX 2
    • 4 beds 5 baths ∙ 3,519 Sqft ∙ Built 2017 4 beds 5 baths ∙ 3,519 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.90
    •  
  • 7116 Isle Royal Lane Irving, TX 1
    • 4 beds 5 baths ∙ 3,452 Sqft ∙ Built 2016 4 beds 5 baths ∙ 3,452 Sqft ∙ Built 2016
    LEASED 03/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.87
    •  
  • 7249 Ridgepoint Drive Irving, TX 3
    • 4 beds 5 baths ∙ 3,819 Sqft ∙ Built 2016 4 beds 5 baths ∙ 3,819 Sqft ∙ Built 2016
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $0.86
    •  
  • 3336 Balcones Drive Irving, TX 4
    • 5 beds 5 baths ∙ 3,707 Sqft ∙ Built 2017 5 beds 5 baths ∙ 3,707 Sqft ∙ Built 2017
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.94
    •  
  • 3064 Denali Drive Irving, TX 5
    • 5 beds 5 baths ∙ 3,707 Sqft ∙ Built 2016 5 beds 5 baths ∙ 3,707 Sqft ∙ Built 2016
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.94
    •  
PROPERTY LISTING DETAILS
Ram Konara
Starpro Realty Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418932
Last Updated: 08/23/2020
BESbswy