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430 Martel Lane Coppell, TX 75019

5 Beds 5 Baths 3,754 sqft Built 1998

$645,000

List Price

$3,530

$3.3K - $3.8K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $171.82
  • 1 Days on Market
  • MLS # : 14490805
  • Updated Date : 12/27/2020 at 00:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,754 sqft
  • Baths : 4 full , 1 half
Listing Agent

Wdr Uptown

Listing Agent's Description

Custom Home in the Estates of Copperstone that includes 5 bedrooms (2 downstairs), 4 and a half bathrooms, a 3 car rear entry garage with a automatic gate for security and a Pool with a Spa. This home is ideal for entertaining with an open floorplan , A gourmet kitchen with a large island and two eating areas. There are also 2 living rooms downstairs and a gameroom upstairs. The second bedroom downstairs can be used as an office.

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: 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
Cottonwood Creek Elementary School Primary Regular 538 36 9
Coppell Middle West Middle Regular 979 62 9
Coppell High School High Regular 3,136 192 8

Cottonwood Creek Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 36
9
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
 

$580,500$709,500$645,000

PURCHASE PRICE

$3,177$3,883$3,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,530
EXPENSES Loan Payment -$2,380
Property Tax -$1,444
Property Insurance -$244
HOA -$55
Property Management Fees -$99
CASH FLOW
-$692

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.

$645,000

PROJECTED PRICE

$3,530

PROJECTED RENT

0.55%

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$5.0k

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$176,675

INVESTMENT

$176,675

Down Payment
$161,250
Rehab Estimate
$5,750
Closing Costs
$9,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,380

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $161,250
Loan Amount $483,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$855

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,530

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $3,548

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,4003$3,5004$3,5305$3,700
$3,700
RENT COMPS ANALYSIS
  • 430 Martel Lane Coppell, TX 4
    • 5 beds 5 baths ∙ 3,754 Sqft ∙ Built 1998 5 beds 5 baths ∙ 3,754 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,530
    • $0.94
    •  
  • 640 Springlake Way Coppell, TX 1
    • 4 beds 4 baths ∙ 3,474 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,474 Sqft ∙ Built 2017
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.95
    •  
  • 537 Halifax Lane Coppell, TX 2
    • 4 beds 4 baths ∙ 3,606 Sqft ∙ Built 1990 4 beds 4 baths ∙ 3,606 Sqft ∙ Built 1990
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.94
    •  
  • 136 Kingston Circle Coppell, TX 3
    • 5 beds 4 baths ∙ 3,836 Sqft ∙ Built 1992 5 beds 4 baths ∙ 3,836 Sqft ∙ Built 1992
    property image
    LEASED 10/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.91
    •  
  • 641 Rock Springs Road Coppell, TX 5
    • 5 beds 5 baths ∙ 3,757 Sqft ∙ Built 2016 5 beds 5 baths ∙ 3,757 Sqft ∙ Built 2016
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
Sam Hancock
Wdr Uptown
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490805
Last Updated: 12/27/2020
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