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4975 Gleneagle Drive Flower Mound, TX 75028

4 Beds 3 Baths 2,811 sqft Built 2019

$588,000

List Price

$2,730

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $209.18
  • 2 Days on Market
  • MLS # : 14507915
  • Updated Date : 01/30/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,811 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Like New only Better. The owner added an outdoor Kitchen-Patio with Retractable Sunscreens, a Garden Tough Shed and lighting outside, High End Blinds and window treatments (will stay), Flow-tech water treatment, upgraded dishwasher and epoxy to the Garage Floor inside. Master and one other bedroom down, game room and two other Bedrooms up, easy access to decked attic storage. Near shops, Riverwalk, Schools in a just completed David Weekley Development.

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: 75028

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k402k

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

Zip Code: 75028

ZipNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262573

* 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
Flower Mound Elementary School Primary Regular 499 35 9
Clayton Downing Middle School Middle Regular 606 50 9
Marcus High School High Regular 2,439 151 8

Flower Mound Elementary School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 35
9
GreatSchools Rating

Clayton Downing Middle School

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 50
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$529,200$646,800$588,000

PURCHASE PRICE

$2,457$3,003$2,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,730
EXPENSES Loan Payment -$2,042
Property Tax -$1,015
Property Insurance -$190
HOA -$63
Property Management Fees -$99
CASH FLOW
-$679

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.

$588,000

PROJECTED PRICE

$2,730

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
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$161,570

INVESTMENT

$161,570

Down Payment
$147,000
Rehab Estimate
$5,750
Closing Costs
$8,820

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,000
Loan Amount $441,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$290

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,730

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,727

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6953$2,7304$2,9455$3,150
$3,150
RENT COMPS ANALYSIS
  • 4975 Gleneagle Drive Flower Mound, TX 3
    • 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,811 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,730
    • $0.97
    •  
  • 3817 Appleton Lane Flower Mound, TX 1
    • 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,636 Sqft ∙ Built 2001
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
  • 2412 Conroe Court Flower Mound, TX 2
    • 3 beds 3 baths ∙ 2,873 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,873 Sqft ∙ Built 2003
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.94
    •  
  • 2305 Conroe Court Flower Mound, TX 4
    • 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,050 Sqft ∙ Built 2001
    LEASED 09/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,945
    • $0.97
    •  
  • 4421 Villa Drive Flower Mound, TX 5
    • 4 beds 4 baths ∙ 3,074 Sqft ∙ Built 2015 4 beds 4 baths ∙ 3,074 Sqft ∙ Built 2015
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $1.02
    •  
PROPERTY LISTING DETAILS
Joe Elliott
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507915
Last Updated: 01/30/2021
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