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401 Rembert Court Highland Village, TX 75077

4 Beds 4 Baths 3,300 sqft Built 1997

$480,000

List Price

$3,000

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $145.45
  • 3 Days on Market
  • MLS # : 14494310
  • Updated Date : 01/08/2021 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,300 sqft
  • Baths : 3 full , 1 half
Listing Agent

Better Homes & Gardens, Winans

Listing Agent's Description

Lovely open concept floorpan on heavily treed culdesac lot in esteemed Oaks of Highland Village subdivision. Walk into the fabulous grand entry & be wowed by soaring ceilings & other amazing features throughout, including wood flooring, new carpet, spacious master suite w sitting area, stacked formal dining & formal living. Large spacious bedrooms and generous game room to emphasize efficient use of space. Open kitchen to the main living area with granite countertops overlooking the breakfast nook with views of the yard and gorgeous saltwater pool and heated spa and let’s not forget the stunning covered patio with outdoor kitchen, GREAT for ENTERTAINING!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Oaks of Highland Village

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k388k

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

Neighborhood: Oaks of Highland Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262736

* 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
Highland Village Elementary School Primary Regular 353 27 6
Briarhill Middle School Middle Regular 955 66 9
Marcus High School High Regular 2,439 151 8

Highland Village Elementary School

  • Education Level: Primary
  • # of students: 353
  • # of teachers: 27
6
GreatSchools Rating

Briarhill Middle School

  • Education Level: Middle
  • # of students: 955
  • # of teachers: 66
9
GreatSchools Rating

Marcus High School

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

$432,000$528,000$480,000

PURCHASE PRICE

$2,700$3,300$3,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,000
EXPENSES Loan Payment -$1,667
Property Tax -$878
Property Insurance -$218
Property Management Fees -$99
CASH FLOW
$137

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.

$480,000

PROJECTED PRICE

$3,000

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$33,546

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,000

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $3,003

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8003$2,8504$2,9005$3,000
$3,000
RENT COMPS ANALYSIS
  • 401 Rembert Court Highland Village, TX 5
    • 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.91
    •  
  • 454 Moran Drive Highland Village, TX 1
    • 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 1984 4 beds 4 baths ∙ 2,993 Sqft ∙ Built 1984
    property image
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.94
    •  
  • 945 Crown Court Highland Village, TX 2
    • 4 beds 4 baths ∙ 3,239 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,239 Sqft ∙ Built 1993
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.86
    •  
  • 1800 Morning Mist Trail Flower Mound, TX 3
    • 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,094 Sqft ∙ Built 1998
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.92
    •  
  • 625 Meadowcrest Drive Highland Village, TX 4
    • 5 beds 3 baths ∙ 3,147 Sqft ∙ Built 1990 5 beds 3 baths ∙ 3,147 Sqft ∙ Built 1990
    property image
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.92
    •  
PROPERTY LISTING DETAILS
Cilia Frappier
Better Homes & Gardens, Winans
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14494310
Last Updated: 01/08/2021
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