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534 Ivy Court Keller, TX 76248

4 Beds 3 Baths 3,093 sqft Built 1999

$450,000

List Price

$2,910

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $145.49
  • 3 Days on Market
  • MLS # : 14493151
  • Updated Date : 01/08/2021 at 05:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,093 sqft
  • Baths : 3 full
Listing Agent

Premier Realty Group, Llc

Listing Agent's Description

Fantastic Cul de Sac location in the prestigious Preserve at Hidden Lakes in Keller's only Master Planned Golf Course Community! Beautifully flowing open floor plan featuring combination formal living & dining, large family room with custom built entertainment center that hold 75 inch TV, Second Bedroom down with two Bedrooms plus Game Room upstairs and 3 Full Baths. Upgrades include Plantation Shutters, extensive hardwood flooring, built-in surround sound with Definition Technology Speakers in Family Room & Game Room, Texas-size back patio with Niles OS6 speakers, updated Bathrooms and lighting fixtures throughout. Enjoy the best of community amenities including 3 pools, playgrounds, walking trails and more!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262728

* 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
Bear Creek Intermediate School Primary Regular 781 42 9
Bear Creek Intermediate School Middle Regular 781 42 9
Keller High School High Regular 2,645 145 10

Bear Creek Intermediate School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Bear Creek Intermediate School

  • Education Level: Middle
  • # of students: 781
  • # of teachers: 42
9
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,619$3,201$2,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,910
EXPENSES Loan Payment -$1,563
Property Tax -$944
Property Insurance -$206
HOA -$55
Property Management Fees -$99
CASH FLOW
$43

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.

$450,000

PROJECTED PRICE

$2,910

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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-$5.0k$0.0$5.0k$10k$15k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$22,044

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,910

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,923

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,675
1$2,6752$2,9003$2,9104$2,9755$3,000
$3,000
RENT COMPS ANALYSIS
  • 534 Ivy Court Keller, TX 3
    • 4 beds 3 baths ∙ 3,093 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,093 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,910
    • $0.94
    •  
  • 2207 Graystone Court Keller, TX 1
    • 4 beds 3 baths ∙ 3,159 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,159 Sqft ∙ Built 2001
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,675
    • $0.85
    •  
  • 131 Harrell Drive Southlake, TX 2
    • 4 beds 3 baths ∙ 2,969 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,969 Sqft ∙ Built 1987
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.98
    •  
  • 2309 Watercrest Drive Keller, TX 4
    • 4 beds 3 baths ∙ 2,998 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,998 Sqft ∙ Built 2002
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,975
    • $0.99
    •  
  • 1105 Elmgrove Lane Keller, TX 5
    • 5 beds 3 baths ∙ 3,116 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,116 Sqft ∙ Built 2000
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.96
    •  
PROPERTY LISTING DETAILS
Patty Stoner
Premier Realty Group, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493151
Last Updated: 01/08/2021
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