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

444 Country Ridge Lane Red Oak, TX 75154

4 Beds 4 Baths 2,142 sqft Built 1993

$345,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $161.06
  • 4 Days on Market
  • MLS # : 14496061
  • Updated Date : 01/09/2021 at 16:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,142 sqft
  • Baths : 2 full , 2 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Updated 4 bedroom home situated on a cul-de-sac street! Spring & Summer will be here before you know it, imagine all the memories to be made in your oversized back yard with pool! Detached building with pool bath, as well. Nice master suite downstairs with fireplace. Secondary bedrooms upstairs. Flexible floor plan. Fabulous natural lighting. Office space to work from home or do virtual school, or space for a formal dining area. Established trees & landscaping in the fenced back yard. Minutes from I-35 for an easy commute to DFW. Great location which is minutes from restaurants, shopping, & healthcare. Seller has received multiple offers. Highest and Best due at the end of the Day.Sunday 1-10-2020

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $114k243k

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

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10151734

* 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
D.t. Shields Elementary School Primary Regular 563 33 6
Red Oak Junior High School Middle Regular 872 52 6
Red Oak High School High Regular 1,794 115 5

D.t. Shields Elementary School

  • Education Level: Primary
  • # of students: 563
  • # of teachers: 33
6
GreatSchools Rating

Red Oak Junior High School

  • Education Level: Middle
  • # of students: 872
  • # of teachers: 52
6
GreatSchools Rating

Red Oak High School

  • Education Level: High
  • # of students: 1,794
  • # of teachers: 115
5
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,198
Property Tax -$752
Property Insurance -$151
Property Management Fees -$99
CASH FLOW
$80

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.

$345,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$21,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,944

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8503$2,1504$2,1955$2,280
$2,280
RENT COMPS ANALYSIS
  • 444 Country Ridge Lane Red Oak, TX 5
    • 4 beds 4 baths ∙ 2,142 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,142 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.06
    •  
  • 111 Hickory Creek Drive Red Oak, TX 1
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 2008
    LEASED 07/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 629 Azalea Drive Glenn Heights, TX 2
    • 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 2005
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 124 High Meadow Road Red Oak, TX 3
    • 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2006
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.90
    •  
  • 300 Sunrise Lane Red Oak, TX 4
    • 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,401 Sqft ∙ Built 2006
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.91
    •  
PROPERTY LISTING DETAILS
Melissa Mcclain
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496061
Last Updated: 01/09/2021
BESbswy