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400 Leisure Lane Coppell, TX 75019

3 Beds 3 Baths 1,709 sqft Built 1987

$314,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $184.26
  • 3 Days on Market
  • MLS # : 14512205
  • Updated Date : 02/06/2021 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,709 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Located on an oversized corner lot and overlooking a pond, this home has it all! Vaulted ceilings in the living room, exotic hardwoods downstairs, marble in the bathrooms, bedrooms tucked away upstairs, and multiple rooms wired for surround sound. The floorplan is functional with the living room, dining room, kitchen, breakfast nook, and half bath located on the first floor and all bedrooms on the second floor. The master offers his & her walk-in closets and an onsuite complete with dual vanities, separate tub + shower, & skylight. Enjoy the swing and hot tub under the covered patio. Hot tub & fridge included!! Just a short stroll away from the prestigious Coppell High School & only 10 minutes from DFW airport!

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

Zip Code: 75019

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Zip Code: 75019

ZipNIR 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
Wilson Elementary School Primary Regular 554 38 7
Coppell Middle West Middle Regular 979 62 9
Coppell High School High Regular 3,136 192 8

Wilson Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 38
7
GreatSchools Rating

Coppell Middle West

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 62
9
GreatSchools Rating

Coppell High School

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

$283,410$346,390$314,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,094
Property Tax -$705
Property Insurance -$126
Property Management Fees -$99
CASH FLOW
-$4

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.

$314,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,241

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $2,068

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0203$2,1504$2,1955$2,350
$2,350
RENT COMPS ANALYSIS
  • 400 Leisure Lane Coppell, TX 2
    • 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.18
    •  
  • 515 E Leisure Court Coppell, TX 1
    • 3 beds 3 baths ∙ 1,645 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,645 Sqft ∙ Built 1988
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.22
    •  
  • 527 Hawken Drive Coppell, TX 3
    • 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,811 Sqft ∙ Built 2000
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.19
    •  
  • 245 Tanbark Circle Coppell, TX 4
    • 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,875 Sqft ∙ Built 1986
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.17
    •  
  • 232 Magnolia Drive Coppell, TX 5
    • 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 1986
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.26
    •  
PROPERTY LISTING DETAILS
Shannon Silveira Stupay
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512205
Last Updated: 02/06/2021
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