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4303 Green Meadow Street Colleyville, TX 76034

5 Beds 3 Baths 2,995 sqft Built 1985

$500,000

List Price

$3,040

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $166.94
  • 4 Days on Market
  • MLS # : 14512649
  • Updated Date : 02/06/2021 at 11:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,995 sqft
  • Baths : 3 full
Listing Agent

Re/max Trinity

Listing Agent's Description

*Multiple offers received. Sellers request offers by deadline Monday Feb. 8th at 5pm. Sellers will a make decision by the end of day Monday Feb. 8th.* You will fall in Love as soon as you enter this stunning, meticulously maintained, upscale Saddlebrook home! Remarkable layout featuring private guest wing with full bath, cozy parlor in the heart of home, wainscoting and rich paneling in living and dining rooms, fireplace in each living, spacious warm secluded master suite. Upgrades include windows(2016), carpet(2017),front door(2016), smart garage door opener, Nest thermostat, Toto toilets, remote control gas log, media 3.1 system.

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: Saddlebrook

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k586k

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

Neighborhood: Saddlebrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800300032003400Rent in $11263549

* 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
Bransford Elementary School Primary Regular 425 30 10
Colleyville Middle School Middle Regular 725 40 9
Grapevine High School High Regular 2,015 129 7

Bransford Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 30
10
GreatSchools Rating

Colleyville Middle School

  • Education Level: Middle
  • # of students: 725
  • # of teachers: 40
9
GreatSchools Rating

Grapevine High School

  • Education Level: High
  • # of students: 2,015
  • # of teachers: 129
7
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,736$3,344$3,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,040
EXPENSES Loan Payment -$1,737
Property Tax -$963
Property Insurance -$200
HOA -$27
Property Management Fees -$99
CASH FLOW
$14

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.

$500,000

PROJECTED PRICE

$3,040

PROJECTED RENT

0.61%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$23,482

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,040

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,152

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,950
1$2,9502$2,9503$2,9954$3,0405$3,300
$3,300
RENT COMPS ANALYSIS
  • 4303 Green Meadow Street Colleyville, TX 4
    • 5 beds 3 baths ∙ 2,995 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,995 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $3,040
    • $1.02
    •  
  • 4100 Savannah Court Colleyville, TX 1
    • 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 1984 4 beds 4 baths ∙ 3,175 Sqft ∙ Built 1984
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.93
    •  
  • 118 W Greenbriar Lane Colleyville, TX 2
    • 5 beds 3 baths ∙ 2,680 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,680 Sqft ∙ Built 1997
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.10
    •  
  • 316 Springhill Drive Hurst, TX 3
    • 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 1990
    LEASED 01/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.04
    •  
  • 3111 River Bend Drive Colleyville, TX 5
    • 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2000
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.14
    •  
PROPERTY LISTING DETAILS
Brian Wells
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512649
Last Updated: 02/06/2021
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