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3316 Dunverny The Colony, TX 75056

4 Beds 5 Baths 3,517 sqft Built 2008

$515,000

List Price

$3,360

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $146.43
  • 2 Days on Market
  • MLS # : 14500089
  • Updated Date : 01/16/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,517 sqft
  • Baths : 4 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

IRRESISTIBLE CHARM! This distinctive 4 bedroom, 4.1 bath Highland home in the envied Tribute community is going to move fast! Corner lot directly across from playground and splash pad with lush manicured landscaping, epoxy garage floor, hand scraped hardwood floors, extended back patio, and 2 gas log fire places. Chef's kitchen is equipped with 5 burner gas stove, extra cabinets & counter space, granite counter tops, built in desk and an oversized island. Primary ensuite bath with jetted tub, rain shower and seperate vanities. Stunning oversized home office with built-in bookcases and fireplace make working from home bearable. Don't miss this opportunity to live in The Tribute Lakeside Resort & Golf Community.

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: Aberdeen at Tribute

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $120k523k

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

Neighborhood: Aberdeen at Tribute

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263174

* 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
Prestwick Stem Academy Primary Unknown 667 40 8
Prestwick Stem Academy Middle Unknown 667 40 8
Little Elm High School High Regular 1,866 97 6

Prestwick Stem Academy

  • Education Level: Primary
  • # of students: 667
  • # of teachers: 40
8
GreatSchools Rating

Prestwick Stem Academy

  • Education Level: Middle
  • # of students: 667
  • # of teachers: 40
8
GreatSchools Rating

Little Elm High School

  • Education Level: High
  • # of students: 1,866
  • # of teachers: 97
6
GreatSchools Rating
 

$463,500$566,500$515,000

PURCHASE PRICE

$3,024$3,696$3,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,360
EXPENSES Loan Payment -$1,789
Property Tax -$985
Property Insurance -$230
HOA -$100
Property Management Fees -$99
CASH FLOW
$157

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.

$515,000

PROJECTED PRICE

$3,360

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$142,225

INVESTMENT

$142,225

Down Payment
$128,750
Rehab Estimate
$5,750
Closing Costs
$7,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,750
Loan Amount $386,250
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$34,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,360

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,473

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3503$3,3604$3,3955$3,499
$3,499
RENT COMPS ANALYSIS
  • 3316 Dunverny The Colony, TX 3
    • 4 beds 5 baths ∙ 3,517 Sqft ∙ Built 2008 4 beds 5 baths ∙ 3,517 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $3,360
    • $0.96
    •  
  • 2832 London The Colony, TX 1
    • 4 beds 4 baths ∙ 3,337 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,337 Sqft ∙ Built 2018
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.99
    •  
  • 8236 Lindsay Gardens The Colony, TX 2
    • 4 beds 4 baths ∙ 3,381 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,381 Sqft ∙ Built 2013
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.99
    •  
  • 2940 Broughton The Colony, TX 4
    • 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,477 Sqft ∙ Built 2017
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.98
    •  
  • 8336 Richmond The Colony, TX 5
    • 4 beds 5 baths ∙ 3,518 Sqft ∙ Built 2017 4 beds 5 baths ∙ 3,518 Sqft ∙ Built 2017
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,499
    • $0.99
    •  
PROPERTY LISTING DETAILS
Stacey Leslie
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500089
Last Updated: 01/16/2021
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