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4118 Napoli Way Irving, TX 75038

4 Beds 4 Baths 2,812 sqft Built 2021

$465,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $165.36
  • 2 Days on Market
  • MLS # : 14501114
  • Updated Date : 01/16/2021 at 10:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,812 sqft
  • Baths : 3 full , 1 half
Listing Agent

The Michael Group Real Estate

Listing Agent's Description

BEST NEW HOME CONSTRUCTION PRICE PER SQ FT FOR A 4 BED-3.5 BATH IN IRVING! Welcome to your beautiful 2,812 sq ft Custom Home on a Corner Lot featuring a large game room, master and guest bedroom on1st floor, 2nd floor mini-master. Enjoy soaring vaulted ceilings featuring a floor to ceiling tiled fireplace; granite countertops; ss appliances; crown molding; well-appointed master bathroom; pre-engineered hardwood floors; front & back sprinkler system; 2 separate HVAC units; Custom Exterior Stone and Brick; large side yard. Ideally located 7 min. from DFW Airport, GWBush Tollway & Hwy 114 HOA includes a beautiful community pool.

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: 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
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,615
Property Tax -$1,028
Property Insurance -$190
HOA -$15
Property Management Fees -$99
CASH FLOW
-$906

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$465,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.44%

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) 3.00%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,225

INVESTMENT

$125,225

Down Payment
$116,250
Rehab Estimate
$2,000
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$41

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,707

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,040
1$2,0402$2,6003$2,6004$2,7005$2,895
$2,895
RENT COMPS ANALYSIS
  • 4118 Napoli Way Irving, TX 1
    • 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,812 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.73
    •  
  • 4167 Napoli Way Irving, TX 2
    • 4 beds 3 baths ∙ 2,905 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,905 Sqft ∙ Built 2015
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.90
    •  
  • 4821 Empire Way Irving, TX 3
    • 4 beds 4 baths ∙ 2,608 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,608 Sqft ∙ Built 2014
    property image
    LEASED 01/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.00
    •  
  • 4951 Dominion Boulevard Irving, TX 4
    • 3 beds 3 baths ∙ 2,709 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,709 Sqft ∙ Built 2013
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.00
    •  
  • 3412 Calico Drive Irving, TX 5
    • 4 beds 4 baths ∙ 3,035 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,035 Sqft ∙ Built 2019
    property image
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.95
    •  
PROPERTY LISTING DETAILS
Beth Elkassih
The Michael Group Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501114
Last Updated: 01/16/2021
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