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3576 Hathaway Court Irving, TX 75062

4 Beds 4 Baths 2,636 sqft Built 2018

$475,000

List Price

$3,290

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $180.20
  • 4 Days on Market
  • MLS # : 14519149
  • Updated Date : 02/25/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,636 sqft
  • Baths : 3 full , 1 half
Listing Agent

Redfin Corporation

Listing Agent's Description

Beautiful, meticulously maintained 4 bedroom, 3.5 bath home. Open concept filled with natural light, easy-care luxury vinyl flooring, & flexible office space that could be a formal dining area. Designer kitchen boasts a 5-burner gas range, built-in oven & microwave, granite countertop, gorgeous Herringbone design backsplash, walk-in pantry, & ample cabinetry for storage. First floor, spacious master en-suite with dual vanity, garden tub, separate shower, & walk-in closet. Secondary bedrooms up-one with private bath . 2 spacious living areas upstairs perfect for a game & media room. Private backyard with oversized patio great for entertaining. Convenient location with easy access to highways 114, Loop 12, & I35.

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

Zip Code: 75062

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 75062

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Farine Elementary School Primary Regular 777 54 5
Travis Middle School Middle Regular 997 72 5
Macarthur High School High Regular 2,759 179 5

Farine Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 54
5
GreatSchools Rating

Travis Middle School

  • Education Level: Middle
  • # of students: 997
  • # of teachers: 72
5
GreatSchools Rating

Macarthur High School

  • Education Level: High
  • # of students: 2,759
  • # of teachers: 179
5
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$2,961$3,619$3,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,290
EXPENSES Loan Payment -$1,650
Property Tax -$1,050
Property Insurance -$180
HOA -$75
Property Management Fees -$99
CASH FLOW
$237

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.

$475,000

PROJECTED PRICE

$3,290

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 10.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$38,132

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,290

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $3,282

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,1953$3,1954$3,1955$3,290
$3,290
RENT COMPS ANALYSIS
  • 3576 Hathaway Court Irving, TX 5
    • 4 beds 4 baths ∙ 2,636 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,636 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $3,290
    • $1.25
    •  
  • 2715 Amistad Drive Irving, TX 1
    • 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,448 Sqft ∙ Built 2019
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.23
    •  
  • 2627 Amistad Drive Irving, TX 2
    • 4 beds 4 baths ∙ 2,590 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,590 Sqft ∙ Built 2019
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.23
    •  
  • 2016 Livingston Road Irving, TX 3
    • 4 beds 4 baths ∙ 2,527 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,527 Sqft ∙ Built 2018
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.26
    •  
  • 2114 Aquilla Court Irving, TX 4
    • 4 beds 4 baths ∙ 2,527 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,527 Sqft ∙ Built 2019
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.26
    •  
PROPERTY LISTING DETAILS
Gena Campbell
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14519149
Last Updated: 02/25/2021
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