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3405 Mouton Drive Colleyville, TX 76034

4 Beds 4 Baths 3,499 sqft Built 2021

$722,070

List Price

$3,070

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2021
  • Price/Sqft : $206.36
  • 3 Days on Market
  • MLS # : 14467276
  • Updated Date : 11/06/2020 at 15:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,499 sqft
  • Baths : 4 full
Listing Agent

Wendell Miller Realty

Listing Agent's Description

Upon entering this beautiful Melrose plan, you'll pass a cozy study. The Family room features a corner gas log fireplace with floor to ceiling tile. Enjoy the Gourmet Kitchen which offers ample counter space, abundant cabinets and a large kitchen island. This open concept allows the perfect space for entertaining guests both inside and on the large covered patio. There is an ensuite bedroom on the first floor with two additional bedrooms upstairs, including a secluded Media Room and Flex Room. This home complete APRIL 2021.

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: Southeast Colleyville

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k615k

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

Neighborhood: Southeast Colleyville

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
Colleyville Middle School Middle Regular 725 40 9
Colleyville Heritage High School High Regular 2,222 135 8

Heritage Elementary School

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

Colleyville Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 40
9
GreatSchools Rating

Colleyville Heritage High School

  • Education Level: High
  • # of students: 2,222
  • # of teachers: 135
8
GreatSchools Rating
 

$649,863$794,277$722,070

PURCHASE PRICE

$2,763$3,377$3,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,070
EXPENSES Loan Payment -$2,664
Property Tax -$1,391
Property Insurance -$229
HOA -$163
Property Management Fees -$99
CASH FLOW
-$1,476

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$722,070

PROJECTED PRICE

$3,070

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 3.5%
Maintenance Year (1-5) 3.00%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$193,349

INVESTMENT

$193,349

Down Payment
$180,518
Rehab Estimate
$2,000
Closing Costs
$10,831

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,664

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $180,518
Loan Amount $541,553
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$12

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,070

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $3,062

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,850
1$2,8502$3,0503$3,0704$3,2005$3,200
$3,200
RENT COMPS ANALYSIS
  • 3405 Mouton Drive Colleyville, TX 3
    • 4 beds 4 baths ∙ 3,499 Sqft ∙ Built 2021 4 beds 4 baths ∙ 3,499 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,070
    • $0.88
    •  
  • 3817 Bentley Drive Bedford, TX 1
    • 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,261 Sqft ∙ Built 2015
    property image
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.87
    •  
  • 2205 Eagles Nest Drive Euless, TX 2
    • 4 beds 3 baths ∙ 3,574 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,574 Sqft ∙ Built 2004
    property image
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,050
    • $0.85
    •  
  • 2800 Gateway Court Euless, TX 4
    • 5 beds 4 baths ∙ 3,430 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,430 Sqft ∙ Built 2014
    property image
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.93
    •  
  • 4379 Eastwoods Drive Grapevine, TX 5
    • 5 beds 4 baths ∙ 3,757 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,757 Sqft ∙ Built 2017
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.85
    •  
PROPERTY LISTING DETAILS
Wendell Miller
Wendell Miller Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14467276
Last Updated: 11/06/2020
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