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5864 Austin Waters The Colony, TX 75056

4 Beds 3 Baths 2,913 sqft Built 2017

$514,900

List Price

$2,870

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $176.76
  • 3 Days on Market
  • MLS # : 14474726
  • Updated Date : 11/27/2020 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,913 sqft
  • Baths : 2 full , 1 half
Listing Agent

Texas Ally Real Estate Group

Listing Agent's Description

Shows like a model! West facing home in the prestigious Austin Waters community features NEW gorgeous hardwood floor, high ceiling, living room with stunning fireplace with surround sound, chef's kitchen, large island, quartz counter, gas cooktop, under cabinet light, SS appliances, master suit with sitting area, bay window, garden tub, frameless shower, huge game room upstairs & all bedrooms with walk in closets. Natural sunlight throughout. Arbor Hills Nature Preserve is behind your oversized PRIVATE yard. Energy efficient home actually completed 2018. New wood Nov.2020. Community pool, playground, hike & bike trail. A convenient location close to highways, great shopping, dining, & highly coveted schools!

SEE MORE

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: Austin Ranch

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $120k336k

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

Neighborhood: Austin Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263108

* 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
Hicks Elementary School Primary Regular 615 43 9
Arbor Creek Middle School Middle Regular 894 59 8
Hebron High School High Regular 2,458 138 7

Hicks Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 43
9
GreatSchools Rating

Arbor Creek Middle School

  • Education Level: Middle
  • # of students: 894
  • # of teachers: 59
8
GreatSchools Rating

Hebron High School

  • Education Level: High
  • # of students: 2,458
  • # of teachers: 138
7
GreatSchools Rating
 

$463,410$566,390$514,900

PURCHASE PRICE

$2,583$3,157$2,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,870
EXPENSES Loan Payment -$1,900
Property Tax -$985
Property Insurance -$196
HOA -$100
Property Management Fees -$99
CASH FLOW
-$409

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.

$514,900

PROJECTED PRICE

$2,870

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 1.7%
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-$10k-$5.0k$0.0$5.0k$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$142,199

INVESTMENT

$142,199

Down Payment
$128,725
Rehab Estimate
$5,750
Closing Costs
$7,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,900

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $128,725
Loan Amount $386,175
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,578

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,870

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $3,095

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,870
1$2,8702$2,9003$3,1004$3,2005$3,400
$3,400
RENT COMPS ANALYSIS
  • 5864 Austin Waters The Colony, TX 1
    • 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,913 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,870
    • $0.99
    •  
  • 3232 Prestonwood Drive Plano, TX 2
    • 3 beds 4 baths ∙ 2,965 Sqft ∙ Built 1997 3 beds 4 baths ∙ 2,965 Sqft ∙ Built 1997
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.98
    •  
  • 2121 Ella Lane Carrollton, TX 3
    • 4 beds 4 baths ∙ 2,940 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,940 Sqft ∙ Built 2020
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.05
    •  
  • 2520 Durango Carrollton, TX 4
    • 5 beds 4 baths ∙ 2,859 Sqft ∙ Built 2019 5 beds 4 baths ∙ 2,859 Sqft ∙ Built 2019
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.12
    •  
  • 2161 Balcones Drive Carrollton, TX 5
    • 4 beds 3 baths ∙ 3,089 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,089 Sqft ∙ Built 2016
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.10
    •  
PROPERTY LISTING DETAILS
Amy Tran
Texas Ally Real Estate Group
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14474726
Last Updated: 11/27/2020
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