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529 Chandler Court Pilot Point, TX 76258

4 Beds 3 Baths 2,323 sqft Built 2020

$389,900

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $167.84
  • 3 Days on Market
  • MLS # : 14479908
  • Updated Date : 12/04/2020 at 13:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,323 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pd Realty

Listing Agent's Description

BRAND NEW and BEAUTIFUL inside & out! This 4 Bedroom, 2.5 Bath with Study and Formal Dining is ready for your family! You'll love all the features including wood look tile flooring, custom cabinets, huge island-breakfast bar, barn doors, beautiful granite counter tops, big walk-in closets, huge bedroom upstairs could be gameroom, built-in bench off garage, large covered porches, treed backyard with privacy fence, sprinkler system, and so much more! This modern farmhouse has everything you've dreamed of! And NO HOA!

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: 76258

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $102k249k

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

Zip Code: 76258

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9611734

* 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
Pilot Point Intermediate School Primary Regular 407 30 4
Pilot Point Middle School Middle Regular 232 20 6
Pilot Point High School High Regular 430 32 6

Pilot Point Intermediate School

  • Education Level: Primary
  • # of students: 407
  • # of teachers: 30
4
GreatSchools Rating

Pilot Point Middle School

  • Education Level: Middle
  • # of students: 232
  • # of teachers: 20
6
GreatSchools Rating

Pilot Point High School

  • Education Level: High
  • # of students: 430
  • # of teachers: 32
6
GreatSchools Rating
 

$350,910$428,890$389,900

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,439
Property Tax -$696
Property Insurance -$161
Property Management Fees -$99
CASH FLOW
-$105

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$389,900

PROJECTED PRICE

$2,290

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$105,324

INVESTMENT

$105,324

Down Payment
$97,475
Rehab Estimate
$2,000
Closing Costs
$5,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,475
Loan Amount $292,425
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$14,581

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,218

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,290
$2,290
RENT COMPS ANALYSIS
  • 529 Chandler Court Pilot Point, TX 3
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.99
    •  
  • 401 N College Street Pilot Point, TX 1
    • 3 beds 2 baths ∙ 2,290 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,290 Sqft ∙ Built 2019
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 1404 High Point Drive Pilot Point, TX 2
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2003
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.04
    •  
PROPERTY LISTING DETAILS
Penny Dejernett
Pd Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14479908
Last Updated: 12/04/2020
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