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57 Alamosa Drive Trophy Club, TX 76262

3 Beds 2 Baths 1,802 sqft Built 1987

$335,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $185.90
  • 3 Days on Market
  • MLS # : 14540124
  • Updated Date : 03/26/2021 at 20:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,802 sqft
  • Baths : 2 full
Listing Agent

Allie Beth Allman & Associates

Listing Agent's Description

Welcome Home! Everything you need in this 3 bedrooms 2 bath home including 2 living spaces and 2 dining spaces and large yard! Roof replaced in 2019, AC units recently replaced, water heater replaced in 2019, Hardy Siding installed in 2014. Conveniently located near top-rated NISD schools and retail. School traffic is well planned to move along, seller loved being near Lakeview! NO HOA! NO PID!

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

Neighborhood: Trophy Club Village West

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k482k

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

Neighborhood: Trophy Club Village West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263116

* 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
Lakeview Elementary School Primary Regular 571 35 7
Medlin Middle School Middle Regular 1,078 65 8
Byron Nelson High School High Unknown NA

Lakeview Elementary School

  • Education Level: Primary
  • # of students: 571
  • # of teachers: 35
7
GreatSchools Rating

Medlin Middle School

  • Education Level: Middle
  • # of students: 1,078
  • # of teachers: 65
8
GreatSchools Rating

Byron Nelson High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,164
Property Tax -$636
Property Insurance -$131
Property Management Fees -$99
CASH FLOW
-$100

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.

$335,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,866

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,131

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9303$2,0454$2,2005$2,250
$2,250
RENT COMPS ANALYSIS
  • 57 Alamosa Drive Trophy Club, TX 2
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.07
    •  
  • 28 Salida Drive Trophy Club, TX 1
    • 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,733 Sqft ∙ Built 1986
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.09
    •  
  • 22 Alamosa Drive Trophy Club, TX 3
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 1985
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $1.26
    •  
  • 7 Palo Duro Court Trophy Club, TX 4
    • 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,802 Sqft ∙ Built 1993
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.22
    •  
  • 303 Village Trail Trophy Club, TX 5
    • 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 1998
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.16
    •  
PROPERTY LISTING DETAILS
Wynne Moore
Allie Beth Allman & Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540124
Last Updated: 03/26/2021
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