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

414 Saddle Tree Trail Coppell, TX 75019

4 Beds 3 Baths 3,003 sqft Built 1995

INVESTimate

$474,900

List Price

$2,760

$2,510 - $3,010

Rent Est.

$505,056  ( +6.35%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $158.14
  • 8 Days on Market
  • MLS # : 14415455
  • Updated Date : 08/21/2020 at 18:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,003 sqft
  • Baths : 3 full
Listing Agent

Era Starcrest Realty

Listing Agent's Description

Stunning 4 bed, 3 bath, 3 living areas on beautiful lot with majestic native oak trees in coveted Coppell ISD. Graced with wood floors, neutral colors, 5 inch baseboards and elegant crown moldings. Just minutes to DFW Airport and easy freeway access for fast commutes to Las Colinas, Downtown Dallas, Legacy Park and other major business districts. Incredible floor plan with large master and split secondary bedroom on first level in addition to office, dining and family rooms. Perfect for entertaining with large kitchen opening into large family room with fireplace. Upstairs game room with large built-in entertainment center and ample space for living adjoining 2 bedrooms. Welcome to your new home!

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

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
Wilson Elementary School Primary Regular 554 38 7
Coppell Middle West Middle Regular 979 62 9
Coppell High School High Regular 3,136 192 8

Wilson Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 38
7
GreatSchools Rating

Coppell Middle West

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 62
9
GreatSchools Rating

Coppell High School

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

$427,410$522,390$474,900

PURCHASE PRICE

$2,484$3,036$2,760

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,760
EXPENSES Loan Payment -$1,752
Property Tax -$1,063
Property Insurance -$201
Property Management Fees -$99
CASH FLOW
-$355

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.

$474,900

PROJECTED PRICE

$2,760

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.35%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,599

INVESTMENT

$131,599

Down Payment
$118,725
Rehab Estimate
$5,750
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,752

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,716

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,760

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,748

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5003$2,5954$2,7605$2,800
$2,800
RENT COMPS ANALYSIS
  • 414 Saddle Tree Trail Coppell, TX 4
    • 4 beds 3 baths ∙ 3,003 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,003 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,760
    • $0.92
    •  
  • 454 Harris Street Coppell, TX 1
    • 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 1990
    property image
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 134 Meadowcreek Road Coppell, TX 2
    • 3 beds 3 baths ∙ 2,881 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,881 Sqft ∙ Built 1980
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
  • 631 Beal Lane Coppell, TX 3
    • 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 1992
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.92
    •  
  • 130 Oakbend Drive Coppell, TX 5
    • 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 1994
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jerry Durham
Era Starcrest Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14415455
Last Updated: 08/21/2020
BESbswy