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479 Coolidge Lane Lavon, TX 75166

4 Beds 3 Baths 2,659 sqft Built 2014

$372,260

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $140.00
  • 2 Days on Market
  • MLS # : 14509641
  • Updated Date : 01/30/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,659 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ready Real Estate

Listing Agent's Description

A REWARDING ESCAPE YOU DESERVE TO CALL HOME this 2,659 SqFT, 4 bed 2.1 bath has everything you could ever want. Boasting in array of sleek finishes with a thoughtful open floor plan. Perfect home for entertaining including luxurious living space wpeaceful fire place GAME ROOM & MEDIA ROOM. Stunning Kitchen with Granite, 42 upper Maple Cabinets. Complete with large beautiful fenced in back yard to relax & play. Buyer to verify any & all information.

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: 75166

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75166

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Phyliss Nesmith Elementary School Primary Regular 469 26 7
Edge Middle School Middle Regular 441 26 4
Community High School High Regular 507 39 6

Phyliss Nesmith Elementary School

  • Education Level: Primary
  • # of students: 469
  • # of teachers: 26
7
GreatSchools Rating

Edge Middle School

  • Education Level: Middle
  • # of students: 441
  • # of teachers: 26
4
GreatSchools Rating

Community High School

  • Education Level: High
  • # of students: 507
  • # of teachers: 39
6
GreatSchools Rating
 

$335,034$409,486$372,260

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,293
Property Tax -$715
Property Insurance -$181
HOA -$67
Property Management Fees -$99
CASH FLOW
-$584

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.

$372,260

PROJECTED PRICE

$1,770

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.4%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,399

INVESTMENT

$104,399

Down Payment
$93,065
Rehab Estimate
$5,750
Closing Costs
$5,584

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,293

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,065
Loan Amount $279,195
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

$1

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,906

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,7953$1,8954$1,995
$1,995
RENT COMPS ANALYSIS
  • 479 Coolidge Lane Lavon, TX 1
    • 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.67
    •  
  • 521 Coolidge Lane Lavon, TX 2
    • 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2006
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 848 Bowie Drive Lavon, TX 3
    • 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,662 Sqft ∙ Built 2006
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.71
    •  
  • 204 San Jacinto Lavon, TX 4
    • 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,627 Sqft ∙ Built 2006
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.76
    •  
PROPERTY LISTING DETAILS
Sarenadee Box
Ready Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509641
Last Updated: 01/30/2021
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