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526 Greenwich Lane Coppell, TX 75019

3 Beds 2 Baths 1,884 sqft Built 1990

$375,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $199.04
  • 2 Days on Market
  • MLS # : 14481784
  • Updated Date : 12/05/2020 at 10:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,884 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Elaborate and tailored for families, friends, students, or employees looking to relocate to the ever growing Coppell area. This simple yet gorgeous one story brick home features a Master Bedroom with an interesting bathroom layout, two additional bedrooms, and a suitable living room and kitchen. Additional facets include a well fenced back yard and a fireplace for groups to spend quality time together whether family or friends.

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: 75019

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Zip Code: 75019

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262695

* 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
Wilson Elementary School Primary Regular 554 38 7
Coppell Middle West Middle Regular 979 62 9
Coppell High School High Regular 3,136 192 8

Wilson Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 38
7
GreatSchools Rating

Coppell Middle West

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 62
9
GreatSchools Rating

Coppell High School

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

$337,500$412,500$375,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$1,384
Property Tax -$840
Property Insurance -$214
Property Management Fees -$99
CASH FLOW
-$56

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.

$375,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
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-$5.0k$0.0$5.0k$10k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$15,091

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,480

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $3,092

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,480
1$2,4802$2,8003$2,8904$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 526 Greenwich Lane Coppell, TX 1
    • 4 beds 3 baths ∙ 3,229 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,229 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,480
    • $0.77
    •  
  • 130 Oakbend Drive Coppell, TX 2
    • 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,894 Sqft ∙ Built 1994
    property image
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.97
    •  
  • 156 Bricknell Lane Coppell, TX 3
    • 5 beds 3 baths ∙ 3,089 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,089 Sqft ∙ Built 1998
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $0.94
    •  
  • 107 Ripplewood Cove Coppell, TX 4
    • 4 beds 3 baths ∙ 3,321 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,321 Sqft ∙ Built 1999
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.90
    •  
  • 509 Halifax Lane Coppell, TX 5
    • 4 beds 3 baths ∙ 3,228 Sqft ∙ Built 1990 4 beds 3 baths ∙ 3,228 Sqft ∙ Built 1990
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
Zachary Sadeghian
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14481784
Last Updated: 12/05/2020
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