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544 Edinburgh Lane Coppell, TX 75019

5 Beds 4 Baths 3,024 sqft Built 1990

INVESTimate

$524,000

List Price

$2,750

$2,500 - $3,000

Rent Est.

$557,274  ( +6.35%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $173.28
  • 6 Days on Market
  • MLS # : 14417807
  • Updated Date : 08/25/2020 at 14:50
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,024 sqft
  • Baths : 3 full , 1 half
Listing Agent

Valen Realty Llc

Listing Agent's Description

EXCEPTIONAL 5 BEDROOM 3 ½ BATH ON A CREEK LOT RARELY AVAILABLE IN ESTABLISHED NEIGHBORHOOD ON A QUIET STREET. KITCHEN OPENS TO DEN WITH PANARAMIC VIEWS OF LARGE DECK & WOODED LOT WITH UNDERGROUND INVISIBLE DOG FENCE. MASTER BEDROOM ON 1ST FLOOR WITH 4 BEDROOMS ON 2ND FLOOR AND 3 LIVING AREAS. DON'T MISS THIS ONE! BUYER AND BUYER’S AGENT TO VERIFY ALL INFORMATION IN LISTING INCLUDING SCHOOLS AND ROOM MEASUREMENT. PLEASE PROVIDE FEEDBACK.

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MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
 

$471,600$576,400$524,000

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$1,933
Property Tax -$1,173
Property Insurance -$202
Property Management Fees -$99
CASH FLOW
-$657

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.

$524,000

PROJECTED PRICE

$2,750

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.35%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,610

INVESTMENT

$144,610

Down Payment
$131,000
Rehab Estimate
$5,750
Closing Costs
$7,860

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,933

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,000
Loan Amount $393,000
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,888

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,700
1$2,7002$2,7503$2,8004$2,8005$2,890
$2,890
RENT COMPS ANALYSIS
  • 544 Edinburgh Lane Coppell, TX 2
    • 5 beds 4 baths ∙ 3,024 Sqft ∙ Built 1990 5 beds 4 baths ∙ 3,024 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.91
    •  
  • 530 Hardwick Court Coppell, TX 1
    • 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 1998
    property image
    LEASED 09/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.95
    •  
  • 532 Cromwell Court Coppell, TX 3
    • 4 beds 4 baths ∙ 2,914 Sqft ∙ Built 1999 4 beds 4 baths ∙ 2,914 Sqft ∙ Built 1999
    property image
    LEASED 09/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.96
    •  
  • 130 Oakbend Drive Coppell, TX 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Val Garcia
Valen Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417807
Last Updated: 08/25/2020
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