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4080 Teton Place Prosper, TX 75078

4 Beds 5 Baths 4,003 sqft Built 2012

$699,990

List Price

$3,470

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $174.87
  • 3 Days on Market
  • MLS # : 14464597
  • Updated Date : 11/13/2020 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,003 sqft
  • Baths : 3 full , 2 half
Listing Agent

Keller Williams Prosper Celina

Listing Agent's Description

MAJESTIC AND ONE OF A KIND HUNTINGTON HOME! This exquisite 4 BR home is nestled in Whitley Place, one of the most sought-after and prestigious Prosper ISD communities. Elegance and comfort abound w open floor plan and architectural significance throughout incl dramatic stairway, soaring ceilings, crown molding and beams. Light and bright kitchen is equipped and designed for entertaining and daily living w such upgrades as Wolf stove, pot filler, and abundance of white cabinetry. Plus, plantation shutters, gorgeous hardwood flooring, and built-ins. Gracious living continues outdoors w porte cochere offering a huge area for social distancing gatherings, large backyard, covered and bonus patios! No MUD or PID

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Cynthia A. Cockrell Elementary School Primary Regular 778 54 10
Lorene Rogers Middle School Middle Regular 1,184 72 9
Prosper High School High Regular 1,868 120 9

Cynthia A. Cockrell Elementary School

  • Education Level: Primary
  • # of students: 778
  • # of teachers: 54
10
GreatSchools Rating

Lorene Rogers Middle School

  • Education Level: Middle
  • # of students: 1,184
  • # of teachers: 72
9
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$629,991$769,989$699,990

PURCHASE PRICE

$3,123$3,817$3,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,470
EXPENSES Loan Payment -$2,583
Property Tax -$1,384
Property Insurance -$258
HOA -$78
Property Management Fees -$99
CASH FLOW
-$932

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.

$699,990

PROJECTED PRICE

$3,470

PROJECTED RENT

0.50%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,247

INVESTMENT

$191,247

Down Payment
$174,998
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,998
Loan Amount $524,993
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$119

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,470

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $3,483

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$3,175
1$3,1752$3,2253$3,4704$3,5005$3,500
$3,500
RENT COMPS ANALYSIS
  • 4080 Teton Place Prosper, TX 3
    • 4 beds 5 baths ∙ 4,003 Sqft ∙ Built 2012 4 beds 5 baths ∙ 4,003 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $3,470
    • $0.87
    •  
  • 1513 Winter Haven Lane Mckinney, TX 1
    • 4 beds 4 baths ∙ 3,661 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,661 Sqft ∙ Built 2008
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,175
    • $0.87
    •  
  • 4271 Mesa Drive Prosper, TX 2
    • 4 beds 5 baths ∙ 3,794 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,794 Sqft ∙ Built 2012
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,225
    • $0.85
    •  
  • 280 Yosemite Drive Prosper, TX 4
    • 4 beds 5 baths ∙ 3,903 Sqft ∙ Built 2012 4 beds 5 baths ∙ 3,903 Sqft ∙ Built 2012
    LEASED 06/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.90
    •  
  • 2300 State Boulevard Mckinney, TX 5
    • 4 beds 4 baths ∙ 4,067 Sqft ∙ Built 2008 4 beds 4 baths ∙ 4,067 Sqft ∙ Built 2008
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.86
    •  
PROPERTY LISTING DETAILS
Donna Breedlove
Keller Williams Prosper Celina
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14464597
Last Updated: 11/13/2020
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