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5706 Southampton Drive Richardson, TX 75082

4 Beds 3 Baths 2,813 sqft Built 1997

$450,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $159.97
  • 3 Days on Market
  • MLS # : 14477808
  • Updated Date : 11/27/2020 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,813 sqft
  • Baths : 3 full
Listing Agent

Weichert Realtors - The Harrell Group

Listing Agent's Description

PREPARE TO FALL IN LOVE WITH THIS ONE STORY HOME WITH PRIVATE BACKYARD SPARKING POOL - SPA AND PERGOLA. THIS HOME FEATURES 4 BEDROOMS - 3 BATHS - STUDY WITH FRENCH DOORS - FORMAL LIVING AND DINING - BEAUTIFUL SEE THRU FIREPLACE IS THE FOCAL POINT OF THE LIVING AND FAMILY ROOM - GOURMET ISLAND KITCHEN WITH LOTS OF CABINET AND COUNTER SPACE - SPACIOUS FAMILY ROOM WITH A WALL OF WINDOWS OVERLOOKING THE BACKYARD OASIS! MANY UPGRADES TO THE HOME INCLUDE TILE, PAINT, LIGHT FIXTURES AND UPDATED LAUNDRY ROOM. THIS HOME WILL NOT LAST LONG!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Wyndsor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k383k

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

Neighborhood: Wyndsor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262564

* 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
Miller Elementary School Primary Regular 427 31 8
Murphy Middle School Middle Regular 1,217 65 10
Mcmillen High School High Regular 1,088 70 8

Miller Elementary School

  • Education Level: Primary
  • # of students: 427
  • # of teachers: 31
8
GreatSchools Rating

Murphy Middle School

  • Education Level: Middle
  • # of students: 1,217
  • # of teachers: 65
10
GreatSchools Rating

Mcmillen High School

  • Education Level: High
  • # of students: 1,088
  • # of teachers: 70
8
GreatSchools Rating
 

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

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,660
Property Tax -$832
Property Insurance -$190
HOA -$33
Property Management Fees -$99
CASH FLOW
-$484

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

$2,330

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.2%
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

PROJECTED ANNUAL CASH FLOW

11530-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$823

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,328

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1503$2,2954$2,3305$2,400
$2,400
RENT COMPS ANALYSIS
  • 5706 Southampton Drive Richardson, TX 4
    • 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,813 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.83
    •  
  • 2806 Glenwick Court Richardson, TX 1
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1997
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.78
    •  
  • 2809 Glenwick Court Richardson, TX 2
    • 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,706 Sqft ∙ Built 1997
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.79
    •  
  • 5709 Eaglebend Drive Richardson, TX 3
    • 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,714 Sqft ∙ Built 2001
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.85
    •  
  • 5703 Southampton Drive Richardson, TX 5
    • 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 1997
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
PROPERTY LISTING DETAILS
Ken Harrell
Weichert Realtors - The Harrell Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14477808
Last Updated: 11/27/2020
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