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505 Waterview Dr Coppell, TX 75019

5 Beds 3 Baths 2,717 sqft Built 1997

$445,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1997
  • Price/Sqft : $163.78
  • 5 Days on Market
  • MLS # : 14465187
  • Updated Date : 11/05/2020 at 08:32
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,717 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Castle Hills

Listing Agent's Description

Well maintained 5 bedroom executive home ideally for working from home with lots of curb appeal that backs to a green belt & walking trails in the desirable Coppell ISD! Updates included whole house energy saving windows, new roof, hardwood flooring & beautifully renovated master bath. Downstairs floor plan consists of a formal living area, a formal dining area, a half bath, a family room with a fireplace, soaring ceilings & abundant natural light & a private master suite. Upstairs there are 4 bedrooms & 1 full bath, the over-sized 5th bedroom could be use as an office or game room. Outside enjoy the large open patio with serene views of the adjoining greenbelt which connects to a park over a foot bridge.

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

Neighborhood: Vistas of Coppell

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k473k

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

Neighborhood: Vistas of Coppell

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262735

* 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
Denton Creek Elementary School Primary Regular 594 39 8
Coppell Middle North Middle Regular 909 59 9
Coppell High School High Regular 3,136 192 8

Denton Creek Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 39
8
GreatSchools Rating

Coppell Middle North

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 59
9
GreatSchools Rating

Coppell High School

  • Education Level: High
  • # of students: 3,136
  • # of teachers: 192
8
GreatSchools Rating
 

$400,500$489,500$445,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,642
Property Tax -$996
Property Insurance -$184
HOA -$34
Property Management Fees -$99
CASH FLOW
-$435

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.

$445,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.2%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,642

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,466

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3453$2,4504$2,4505$2,520
$2,520
RENT COMPS ANALYSIS
  • 505 Waterview Dr Coppell, TX 5
    • 5 beds 3 baths ∙ 2,717 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,717 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.93
    •  
  • 535 Forest Hill Drive Coppell, TX 1
    • 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,626 Sqft ∙ Built 1998
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.84
    •  
  • 636 Forest Hill Drive Coppell, TX 2
    • 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,585 Sqft ∙ Built 1998
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $0.91
    •  
  • 509 Waterview Drive Coppell, TX 3
    • 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 1997
    LEASED 06/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.96
    •  
  • 2705 Club Ridge Drive Lewisville, TX 4
    • 4 beds 2 baths ∙ 2,662 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,662 Sqft ∙ Built 1997
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.92
    •  
PROPERTY LISTING DETAILS
Wei Ni Kaplan
Jp & Associates Castle Hills
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465187
Last Updated: 11/05/2020
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