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3749 Birmington The Colony, TX 75056

4 Beds 4 Baths 3,739 sqft Built 2016

$569,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $152.18
  • 2 Days on Market
  • MLS # : 14340088
  • Updated Date : 11/14/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,739 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

GIGANTIC corner lot in a golfer's paradise!! Two patios yield the perfect entertainment areas. Top rated schools, private guest suite & bath down, large master, granite, enormous dining room perfect for the upcoming holidays, custom wood shutters, hand scraped hardwood floors & an elegant wrought iron gated wine closet. This neighborhood is a mix of European-inspired homes on a private Lake Lewisville peninsula with a resort-style pool, splash park, scenic walking and biking trails, access to fishing, nature preserves and several scheduled events for all ages. You can also enjoy dining at the club house for a convenient night out! Looking for the perfect house, lot, neighborhood & location....you found it!!!!

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: 75056

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $120k336k

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

Zip Code: 75056

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

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

SCHOOLS

 
Sorry, we do not have sufficient school data for this neighborhood.
 

$512,100$625,900$569,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,099
Property Tax -$1,088
Property Insurance -$243
HOA -$100
Property Management Fees -$99
CASH FLOW
-$1,100

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.

$569,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.8%
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$1.6M$1.8M

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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$156,535

INVESTMENT

$156,535

Down Payment
$142,250
Rehab Estimate
$5,750
Closing Costs
$8,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,099

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,250
Loan Amount $426,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$34

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,935

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,530
1$2,5302$2,7503$2,8004$2,9955$3,000
$3,000
RENT COMPS ANALYSIS
  • 3749 Birmington The Colony, TX 1
    • 4 beds 4 baths ∙ 3,739 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,739 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.68
    •  
  • 1027 Crystal Lake Drive Frisco, TX 2
    • 4 beds 3 baths ∙ 3,613 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,613 Sqft ∙ Built 2006
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.76
    •  
  • 810 Highland Hills Drive Frisco, TX 3
    • 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 2008
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.78
    •  
  • 918 Highland Hills Drive Frisco, TX 4
    • 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,601 Sqft ∙ Built 2008
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.83
    •  
  • 864 Highland Hills Drive Frisco, TX 5
    • 5 beds 4 baths ∙ 3,896 Sqft ∙ Built 2008 5 beds 4 baths ∙ 3,896 Sqft ∙ Built 2008
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Kimberly Moon
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14340088
Last Updated: 11/14/2020
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