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517 Calliopsis Street Little Elm, TX 75068

3 Beds 3 Baths 2,700 sqft Built 2013

$390,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $144.44
  • 6 Days on Market
  • MLS # : 14522735
  • Updated Date : 02/27/2021 at 11:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,700 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dfw Yeti Homes Llc

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. Sellers have asked for best and final offer by noon (12pm) Sunday Feb 28th. Stunning NORTH FACING home on FRISCO ISD. Kitchen with SS appliances, upgraded cabinets, granite counter tops, wood floorings and a large island. High ceilings on the family room with double stacked windows provides plenty of natural lights. Over sized master bedroom with attached bath including dual sinks, garden tub, walking shower and spacious walking closet. Large office and master down stairs with guest bedrooms and game room or loft upstairs. Enjoy your evenings on a large backyard with covered patio and a separate gazebo. This is a backyard oasis you are looking for. Roof replaced Oct 2019.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)

PRICE & RENT TRENDS

Zip Code: 75068

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75068

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
Miller Elementary School Primary Regular NA
Trent Middle School Middle Regular NA
Memorial High School High Regular NA

Miller Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Trent Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,355
Property Tax -$818
Property Insurance -$183
HOA -$13
Property Management Fees -$99
CASH FLOW
-$327

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.

$390,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$1,337

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,383

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,140
1$2,1402$2,2003$2,4004$2,5755$2,595
$2,595
RENT COMPS ANALYSIS
  • 517 Calliopsis Street Little Elm, TX 1
    • 3 beds 4 baths ∙ 2,700 Sqft ∙ Built 2013 3 beds 4 baths ∙ 2,700 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.79
    •  
  • 741 Calliopsis Street Little Elm, TX 2
    • 3 beds 3 baths ∙ 2,770 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,770 Sqft ∙ Built 2016
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 14208 Blueberry Hill Drive Little Elm, TX 3
    • 4 beds 4 baths ∙ 2,726 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,726 Sqft ∙ Built 2015
    property image
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 15209 Mount Evans Drive Little Elm, TX 4
    • 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,801 Sqft ∙ Built 2012
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,575
    • $0.92
    •  
  • 1112 Mist Flower Drive Little Elm, TX 5
    • 4 beds 4 baths ∙ 2,750 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,750 Sqft ∙ Built 2017
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.94
    •  
PROPERTY LISTING DETAILS
Sunil Gautam
Dfw Yeti Homes Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14522735
Last Updated: 02/27/2021
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