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4115 Napoli Way Irving, TX 75038

4 Beds 3 Baths 2,600 sqft Built 2017

$412,990

List Price

$2,570

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $158.84
  • 2 Days on Market
  • MLS # : 14536994
  • Updated Date : 03/20/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,600 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lm Max Realty

Listing Agent's Description

Quartz Kitchen and Bath Counters, wood floors in living areas, metal blusters, high grade carpets, Stainless Steel Appliances. Great location within minutes of highway. Great for investment as well. Tenant occupied and is on month-to-month contract.

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

Neighborhood: Le Chateau

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $107k328k

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

Neighborhood: Le Chateau

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10432830

* 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
Townsell Elementary School Primary Regular 898 56 4
Houston Middle School Middle Regular 925 66 5
Macarthur High School High Regular 2,759 179 5

Townsell Elementary School

  • Education Level: Primary
  • # of students: 898
  • # of teachers: 56
4
GreatSchools Rating

Houston Middle School

  • Education Level: Middle
  • # of students: 925
  • # of teachers: 66
5
GreatSchools Rating

Macarthur High School

  • Education Level: High
  • # of students: 2,759
  • # of teachers: 179
5
GreatSchools Rating
 

$371,691$454,289$412,990

PURCHASE PRICE

$2,313$2,827$2,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,570
EXPENSES Loan Payment -$1,434
Property Tax -$913
Property Insurance -$177
HOA -$62
Property Management Fees -$99
CASH FLOW
-$116

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$412,990

PROJECTED PRICE

$2,570

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,192

INVESTMENT

$115,192

Down Payment
$103,248
Rehab Estimate
$5,750
Closing Costs
$6,195

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,434

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,248
Loan Amount $309,743
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$9,631

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,570

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,769

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,570
1$2,5702$2,7003$2,7004$2,7005$2,795
$2,795
RENT COMPS ANALYSIS
  • 4115 Napoli Way Irving, TX 1
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,570
    • $0.99
    •  
  • 4951 Dominion Boulevard Irving, TX 2
    • 3 beds 3 baths ∙ 2,709 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,709 Sqft ∙ Built 2013
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.00
    •  
  • 3742 Adriana Avenue Irving, TX 3
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 2017
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.06
    •  
  • 5116 Soren Street Irving, TX 4
    • 3 beds 3 baths ∙ 2,473 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,473 Sqft ∙ Built 2018
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.09
    •  
  • 3738 Adriana Avenue Irving, TX 5
    • 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,520 Sqft ∙ Built 2019
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.11
    •  
PROPERTY LISTING DETAILS
Sulthan Mohammad
Lm Max Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536994
Last Updated: 03/20/2021
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