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3900 Victory Court Flower Mound, TX 75028

5 Beds 4 Baths 4,200 sqft Built 1997

INVESTimate

$715,000

List Price

$3,970

$3,720 - $4,220

Rent Est.

$718,790  ( +0.53%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $170.24
  • 8 Days on Market
  • MLS # : 14416125
  • Updated Date : 08/19/2020 at 10:17
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,200 sqft
  • Baths : 4 full
Listing Agent

Your Home Free Llc

Listing Agent's Description

Impeccably designed 2-story on quiet cul-de-sac lot in Bridlewood, located just a short walk to golf, tennis courts, and community pool! Upgrades and amenities include rich hardwoods & travertine flooring, plantation shutters, 2 fireplaces, TONS of storage, wet bar, study with built-ins and FP, game room with walk-in attic space, and MORE! Gourmet kitchen boasts granite counters with tumbled stone backsplash and top of the line SS appliances with double ovens and built-in refrigerator. Private master suite features a luxurious bath with 2 linen closets, large walk-in closet with built-ins and skylight, and jetted tub. Incredible backyard is oasis complete with a sparkling pool & spa and 2 covered patio areas!

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: Steeplechase at Bridlewood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $123k620k

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

Neighborhood: Steeplechase at Bridlewood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400360038004000Rent in $11264153

* 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
Bridlewood Elementary School Primary Regular 467 30 10
Clayton Downing Middle School Middle Regular 606 50 9
Marcus High School High Regular 2,439 151 8

Bridlewood Elementary School

  • Education Level: Primary
  • # of students: 467
  • # of teachers: 30
10
GreatSchools Rating

Clayton Downing Middle School

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 50
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$643,500$786,500$715,000

PURCHASE PRICE

$3,573$4,367$3,970

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,970
EXPENSES Loan Payment -$2,638
Property Tax -$1,235
Property Insurance -$270
HOA -$79
Property Management Fees -$99
CASH FLOW
-$351

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.

$715,000

PROJECTED PRICE

$3,970

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 0.53%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$195,225

INVESTMENT

$195,225

Down Payment
$178,750
Rehab Estimate
$5,750
Closing Costs
$10,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,638

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $178,750
Loan Amount $536,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$15,225

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,970

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $3,276

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$3,8003$3,970
$3,970
RENT COMPS ANALYSIS
  • 3900 Victory Court Flower Mound, TX 3
    • 5 beds 4 baths ∙ 4,200 Sqft ∙ Built 1997 5 beds 4 baths ∙ 4,200 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $3,970
    • $0.95
    •  
  • 4109 Marbella Drive Flower Mound, TX 1
    • 5 beds 4 baths ∙ 4,155 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,155 Sqft ∙ Built 2002
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.60
    •  
  • 4108 Napa Court Flower Mound, TX 2
    • 4 beds 4 baths ∙ 3,952 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,952 Sqft ∙ Built 2003
    LEASED 08/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
William T. Nelson
Your Home Free Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416125
Last Updated: 08/19/2020
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