Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

401 Waterford Lane Colleyville, TX 76034

3 Beds 3 Baths 2,577 sqft Built 2006

$535,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $207.61
  • 3 Days on Market
  • MLS # : 14506208
  • Updated Date : 01/29/2021 at 13:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,577 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

Showings start SAT during the OPEN HOUSE 1-3. Don’t miss this highly sought after, gated, custom beauty built by Adams Homes. The WOW FACTOR starts the minute you enter, with masterfully crafted rich crown & base moldings. The well thought out floor plan maximizes the square footage with wide open living, 3 bedrooms, 2 dining, study, an oversized master suite, flagstoned patio & side yard. Poised at the end of a culdesac, with easy access to the community walking path, this beauty boasts privacy & convenience. Built with ample storage & floored attic, stamped concrete drive, insta-hot water, and much more! A true lock and leave with the HOA covering front yard maintenance. See it TODAY or see it SOLD!

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

Neighborhood: Tiffany Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k586k

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

Neighborhood: Tiffany Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263549

* 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
Bransford Elementary School Primary Regular 425 30 10
Colleyville Middle School Middle Regular 725 40 9
Grapevine High School High Regular 2,015 129 7

Bransford Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 30
10
GreatSchools Rating

Colleyville Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 40
9
GreatSchools Rating

Grapevine High School

  • Education Level: High
  • # of students: 2,015
  • # of teachers: 129
7
GreatSchools Rating
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$1,858
Property Tax -$1,031
Property Insurance -$176
HOA -$155
Property Management Fees -$99
CASH FLOW
-$189

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.

$535,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

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$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,907

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,893

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$2,595
1$2,5952$2,6003$2,7504$3,1305$3,200
$3,200
RENT COMPS ANALYSIS
  • 401 Waterford Lane Colleyville, TX 4
    • 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,577 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $1.21
    •  
  • 500 Evergreen Drive Hurst, TX 1
    • 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 1989
    property image
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.04
    •  
  • 2201 Long Shadow Court Colleyville, TX 2
    • 3 beds 2 baths ∙ 2,416 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,416 Sqft ∙ Built 1995
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.08
    •  
  • 206 W Greenbriar Lane Colleyville, TX 3
    • 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 1998
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.11
    •  
  • 605 Creekview Lane Colleyville, TX 5
    • 3 beds 3 baths ∙ 2,549 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,549 Sqft ∙ Built 2013
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.26
    •  
PROPERTY LISTING DETAILS
Roslyn Gauntt
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14506208
Last Updated: 01/29/2021
BESbswy