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

501 Northwood Trail Southlake, TX 76092

4 Beds 4 Baths 4,135 sqft Built 1999

$733,000

List Price

$4,280

$4K - $4.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $177.27
  • 3 Days on Market
  • MLS # : 14509061
  • Updated Date : 01/29/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,135 sqft
  • Baths : 4 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Honey, stop the car! Wonderful property in the heart of Southlake. Close to everything BUT tucked away in a quiet neighborhood. Plenty of room for a lg family. 4 spacious BR's, 4 baths, 5 living areas. Patio has an outdoor kitchen for your pool parties as well as a dressing rm & outdoor shower! Nice study tucked away in one corner of the downstairs. Game rm, Media rm, 3 BR's upstairs & 2 ful baths upstairs. A MUST SEE!

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: 76092

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $123k722k

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

Zip Code: 76092

ZipNIR Market*CityMarket2010Year20002019 Q2150020002500300035004000Rent in $11264415

* 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
Rockenbaugh Elementary School Primary Regular 554 42 10
Dawson Middle School Middle Regular 646 40 10
Carroll Senior High School High Regular 1,284 76 10

Rockenbaugh Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 42
10
GreatSchools Rating

Dawson Middle School

  • Education Level: Middle
  • # of students: 646
  • # of teachers: 40
10
GreatSchools Rating

Carroll Senior High School

  • Education Level: High
  • # of students: 1,284
  • # of teachers: 76
10
GreatSchools Rating
 

$659,700$806,300$733,000

PURCHASE PRICE

$3,852$4,708$4,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,280
EXPENSES Loan Payment -$2,546
Property Tax -$1,479
Property Insurance -$266
HOA -$96
Property Management Fees -$99
CASH FLOW
-$206

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.

$733,000

PROJECTED PRICE

$4,280

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$199,995

INVESTMENT

$199,995

Down Payment
$183,250
Rehab Estimate
$5,750
Closing Costs
$10,995

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,546

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $183,250
Loan Amount $549,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$16,832

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $4,280

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $4,321

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$4,000
1$4,0002$4,2803$4,3004$4,5005$4,700
$4,700
RENT COMPS ANALYSIS
  • 501 Northwood Trail Southlake, TX 2
    • 4 beds 4 baths ∙ 4,135 Sqft ∙ Built 1999 4 beds 4 baths ∙ 4,135 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $4,280
    • $1.04
    •  
  • 360 Highland Oaks Circle Southlake, TX 1
    • 4 beds 4 baths ∙ 4,199 Sqft ∙ Built 1992 4 beds 4 baths ∙ 4,199 Sqft ∙ Built 1992
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $0.95
    •  
  • 803 Timbercrest Court Southlake, TX 3
    • 5 beds 6 baths ∙ 4,190 Sqft ∙ Built 1990 5 beds 6 baths ∙ 4,190 Sqft ∙ Built 1990
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.03
    •  
  • 202 Lake Crest Drive Southlake, TX 4
    • 5 beds 4 baths ∙ 4,131 Sqft ∙ Built 1995 5 beds 4 baths ∙ 4,131 Sqft ∙ Built 1995
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.09
    •  
  • 206 Lake Crest Drive Southlake, TX 5
    • 5 beds 4 baths ∙ 4,221 Sqft ∙ Built 1995 5 beds 4 baths ∙ 4,221 Sqft ∙ Built 1995
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,700
    • $1.11
    •  
PROPERTY LISTING DETAILS
Judy Hearn
Coldwell Banker Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509061
Last Updated: 01/29/2021
BESbswy