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5545 Mountain Valley Drive The Colony, TX 75056

4 Beds 3 Baths 3,016 sqft Built 2001

$375,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $124.34
  • 5 Days on Market
  • MLS # : 14469327
  • Updated Date : 11/13/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,016 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathawayhs Penfed Tx

Listing Agent's Description

Beautiful, well maintained 2-story in highly sought after Legend Crest community. 4 bedroom with master down, 2.5 bath, 3 living areas with a flex room that can be used a home office or 5th bedroom. Spacious, open kitchen boasts double ovens, surplus of cabinet & storage space & breakfast bar overlooking the family room with a wall of windows to the large backyard. Recent updates include wood look ceramic tile in family room and master bedroom**LED lighting**Fence painted**Brand new dishwasher**decorative lighting**Gas water heater**Iron ballisters**Roof replaced 2017. Prime location conveniently located in close proximity to Grandscape shopping & dining, Toyota headquarters, Legacy West, SRT to DFW airport.

SEE MORE

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

Neighborhood: Legend Crest

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $120k380k

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

Neighborhood: Legend Crest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262146

* 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
Morningside Elementary School Primary Regular 431 31 8
Griffin Middle School Middle Regular 765 57 5
The Colony High School High Regular 1,987 139 8

Morningside Elementary School

  • Education Level: Primary
  • # of students: 431
  • # of teachers: 31
8
GreatSchools Rating

Griffin Middle School

  • Education Level: Middle
  • # of students: 765
  • # of teachers: 57
5
GreatSchools Rating

The Colony High School

  • Education Level: High
  • # of students: 1,987
  • # of teachers: 139
8
GreatSchools Rating
 

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

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,384
Property Tax -$717
Property Insurance -$201
HOA -$33
Property Management Fees -$99
CASH FLOW
-$185

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$375,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.9%
Maintenance Year (1-5) 8.00%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$105,125

INVESTMENT

$105,125

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% 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

2.33

YEARS SAVED

$7,479

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,405

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,3004$2,4955$2,595
$2,595
RENT COMPS ANALYSIS
  • 5545 Mountain Valley Drive The Colony, TX 2
    • 4 beds 3 baths ∙ 3,016 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,016 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.75
    •  
  • 5809 Concord Lane The Colony, TX 1
    • 3 beds 3 baths ∙ 2,784 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,784 Sqft ∙ Built 2000
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 5853 Pinebrook Drive The Colony, TX 3
    • 3 beds 3 baths ∙ 2,980 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,980 Sqft ∙ Built 2007
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.77
    •  
  • 5632 Sundance Drive The Colony, TX 4
    • 4 beds 3 baths ∙ 3,203 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,203 Sqft ∙ Built 2001
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.78
    •  
  • 5614 Westwood Lane The Colony, TX 5
    • 4 beds 3 baths ∙ 3,046 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,046 Sqft ∙ Built 2000
    LEASED 08/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.85
    •  
PROPERTY LISTING DETAILS
Deborah Jackson
Berkshire Hathawayhs Penfed Tx
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469327
Last Updated: 11/13/2020
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