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521 Meadow Park Drive White Settlement, TX 76108

4 Beds 3 Baths 1,798 sqft Built 2021

$277,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $154.06
  • 1 Days on Market
  • MLS # : 14532501
  • Updated Date : 03/12/2021 at 23:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,798 sqft
  • Baths : 2 full , 1 half
Listing Agent

Nb Elite Realty

Listing Agent's Description

Great design by Avilez Home Builders LLC open space plan, granite, stainless steel, great finishes this house will not last . house comes with Sod ONLY in the front yard Fence back yard garage opener, 10 yr builders warranty

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Meadow Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $66k243k

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

Neighborhood: Meadow Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7931734

* 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
Liberty Elementary School Primary Regular 493 33 8
Brewer Middle School Middle Regular 986 55 6
Brewer Middle School High Regular 986 55 6

Liberty Elementary School

  • Education Level: Primary
  • # of students: 493
  • # of teachers: 33
8
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer Middle School

  • Education Level: High
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating
 

$249,300$304,700$277,000

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 -$962
Property Tax -$664
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
-$86

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$277,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 11.7%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,405

INVESTMENT

$75,405

Down Payment
$69,250
Rehab Estimate
$2,000
Closing Costs
$4,155

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$962

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,250
Loan Amount $207,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,505

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
  • $0.98

    LIST RENT PER SQFT
  • $1,749

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7503$1,7504$1,7705$1,790
$1,790
RENT COMPS ANALYSIS
  • 521 Meadow Park Drive White Settlement, TX 4
    • 4 beds 3 baths ∙ 1,798 Sqft ∙ Built 2021 4 beds 3 baths ∙ 1,798 Sqft ∙ Built 2021
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.98
    •  
  • 121 Wilson Cliff Drive White Settlement, TX 1
    • 4 beds 2 baths ∙ 1,643 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,643 Sqft ∙ Built 2020
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 8427 Whitney White Settlement, TX 2
    • 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,897 Sqft ∙ Built 2018
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 8413 Downe Drive White Settlement, TX 3
    • 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,749 Sqft ∙ Built 2017
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
  • 8425 Whitney Drive White Settlement, TX 5
    • 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,796 Sqft ∙ Built 2018
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.00
    •  
PROPERTY LISTING DETAILS
Sergio Ramirez
Nb Elite Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532501
Last Updated: 03/12/2021
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