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6 Colonial Court Trophy Club, TX 76262

4 Beds 3 Baths 2,844 sqft Built 1981

$425,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $149.44
  • 7 Days on Market
  • MLS # : 14493838
  • Updated Date : 01/06/2021 at 10:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,844 sqft
  • Baths : 2 full , 1 half
Listing Agent

United Real Estate Dfw

Listing Agent's Description

AMAZING Area of TROPHY CLUB that rest in a calming cul-de-sac. Come and check out the inviting Kitchen with granite counter tops and great storage cabinets. Elegant formal dining. Living area offers a cozy fireplace with accent beams and skylight for plenty of natural light. Look over to see the Lovely treed backyard that is great for entertaining Family and friends. Complete with outdoor Kitchen.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k487k

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

Neighborhood: Trophy Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200340036003800Rent in $11263909

* 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

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
 

$382,500$467,500$425,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,476
Property Tax -$807
Property Insurance -$192
Property Management Fees -$99
CASH FLOW
$116

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.

$425,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$28,782

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,709

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,5003$2,6904$2,9505$2,950
$2,950
RENT COMPS ANALYSIS
  • 6 Colonial Court Trophy Club, TX 3
    • 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1981 4 beds 3 baths ∙ 2,844 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.95
    •  
  • 153 Creek Courts Drive Trophy Club, TX 1
    • 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 1985 5 beds 3 baths ∙ 2,918 Sqft ∙ Built 1985
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.86
    •  
  • 7 Saint Andrews Court Trophy Club, TX 2
    • 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2000
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 550 Indian Creek Drive Trophy Club, TX 4
    • 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 1985 4 beds 4 baths ∙ 2,924 Sqft ∙ Built 1985
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.01
    •  
  • 120 Carnoustie Drive Trophy Club, TX 5
    • 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,825 Sqft ∙ Built 1983
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.04
    •  
PROPERTY LISTING DETAILS
Carla Saylors
United Real Estate Dfw
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493838
Last Updated: 01/06/2021
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