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

351 S Heartz Road Coppell, TX 75019

3 Beds 2 Baths 1,533 sqft Built 1982

$325,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $212.00
  • 4 Days on Market
  • MLS # : 14511474
  • Updated Date : 02/04/2021 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,533 sqft
  • Baths : 2 full
Listing Agent

Glazer's Realtors

Listing Agent's Description

LOCATION, CONVENIENCE and UPDATED describe this lovely 3BR-2BA home on large corner lot MOVE IN READY!!! Located in the heart of Coppell and this gem of a neighborhood makes for walking everywhere!! Kitchen has updated stainless appliances, granite countertops, dining area, separate laundry room, large den with natural light from new french door unit, wood look tile floors and completely updated bathrooms throughout are just a few of the extras.. Large fenced backyard for the kids-dogs to play, newly installed city permitted storage building and 2 car garage. Includes newly installed AC -Heat unit in December 2020. Buyer to verify all measurements

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: Braewood West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $122k448k

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

Neighborhood: Braewood West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262695

* 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
Austin Elementary School Primary Regular 501 35 8
Coppell Middle East Middle Regular 905 55 10
Coppell High School High Regular 3,136 192 8

Austin Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 35
8
GreatSchools Rating

Coppell Middle East

  • Education Level: Middle
  • # of students: 905
  • # of teachers: 55
10
GreatSchools Rating

Coppell High School

  • Education Level: High
  • # of students: 3,136
  • # of teachers: 192
8
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,129
Property Tax -$728
Property Insurance -$116
Property Management Fees -$99
CASH FLOW
-$241

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.

$325,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 11.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$1,845

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1.19

    LIST RENT PER SQFT
  • $1,832

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,8304$1,9505$2,050
$2,050
RENT COMPS ANALYSIS
  • 351 S Heartz Road Coppell, TX 3
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.19
    •  
  • 136 Heather Glen Drive Coppell, TX 1
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1983
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.24
    •  
  • 344 Westwood Court Coppell, TX 2
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1983
    property image
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.17
    •  
  • 317 Lakewood Court Coppell, TX 4
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1982
    property image
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.17
    •  
  • 307 Willow Springs Drive Coppell, TX 5
    • 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1979
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.20
    •  
PROPERTY LISTING DETAILS
Myra Schaufele
Glazer's Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511474
Last Updated: 02/04/2021
BESbswy