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404 Spyglass Drive Coppell, TX 75019

4 Beds 3 Baths 2,828 sqft Built 1993

$595,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $210.40
  • 5 Days on Market
  • MLS # : 14483096
  • Updated Date : 01/09/2021 at 10:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,828 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

BEST AND HIGHEST BY 9:00 PM SUNDAY 1-10-21.This exquisite waterfront home has a 270-degree view of the lake & long shoreline, offering breathtaking scenery from almost every room. Exquisite design & gorgeous features make this home ideal for entertaining & relaxation. Enjoy the lake poolside or from the well-appointed dining & living spaces, complete with a toasty stone fireplace. The adjacent kitchen is a chef's dream with granite, abundant workspace & storage, pantry, & island cooktop. Wake up to views of paradise, enjoy morning coffee on the stone patio, & swim at sunset. Impressive office, spacious bedrooms, plantation shutters throughout, & rich wood floors will all impress. Minutes from DFW Airport.

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

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
Lakeside Elementary School Primary Regular 504 32 10
Coppell Middle North Middle Regular 909 59 9
Coppell High School High Regular 3,136 192 8

Lakeside Elementary School

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 32
10
GreatSchools Rating

Coppell Middle North

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 59
9
GreatSchools Rating

Coppell High School

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

$535,500$654,500$595,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$2,067
Property Tax -$1,332
Property Insurance -$191
HOA -$40
Property Management Fees -$99
CASH FLOW
-$818

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.

$595,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.49%

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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$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$163,425

INVESTMENT

$163,425

Down Payment
$148,750
Rehab Estimate
$5,750
Closing Costs
$8,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,067

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $148,750
Loan Amount $446,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$29

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,899

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,9103$2,9954$3,1005$3,195
$3,195
RENT COMPS ANALYSIS
  • 404 Spyglass Drive Coppell, TX 2
    • 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,828 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $1.03
    •  
  • 223 Cove Drive Coppell, TX 1
    • 3 beds 3 baths ∙ 2,765 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,765 Sqft ∙ Built 1992
    property image
    LEASED 12/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.94
    •  
  • 225 Redwood Drive Coppell, TX 3
    • 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,727 Sqft ∙ Built 1995
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.10
    •  
  • 754 Teal Cove Coppell, TX 4
    • 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 1995
    property image
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.00
    •  
  • 1025 Basilwood Drive Coppell, TX 5
    • 4 beds 4 baths ∙ 3,001 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,001 Sqft ∙ Built 1995
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.06
    •  
PROPERTY LISTING DETAILS
Teresa Moore
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14483096
Last Updated: 01/09/2021
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