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6 Paint Rock Court Trophy Club, TX 76262

3 Beds 3 Baths 1,814 sqft Built 1988

$329,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $181.37
  • 4 Days on Market
  • MLS # : 14465421
  • Updated Date : 11/06/2020 at 12:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,814 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors/fm

Listing Agent's Description

PERFECTLY LOCATED & RENOVATED! Bright & airy floorplan w spacious kitchen featuring modern backsplash, granite tops, WINE cellar, SS appliances w self-clean oven, plentiful cabinetry & generous breakfast nook! Oversized owner's suite & private bath down featuring luxury Quartz, HUGE walk-in closet, double vanities & separate shower! Enjoy your evenings in the spacious family & dining areas w 20ft ceilings & abundant natural light. Step out to the enormous yard where you'll love to entertain under the pergola or newly renovated deck with sitting space. Two secondary large bedrooms up w full bath & lots of storage, powder room down! Luxury waterproof flooring, new carpet, ceiling fans & much more! NORTHWEST ISD!

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: Trophy Club Village West

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k350k

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

Neighborhood: Trophy Club Village West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262579

* 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
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,214
Property Tax -$625
Property Insurance -$132
Property Management Fees -$99
CASH FLOW
-$149

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.

$329,000

PROJECTED PRICE

$1,920

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$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,920

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,100

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,920
1$1,9202$2,0453$2,0954$2,1755$2,195
$2,195
RENT COMPS ANALYSIS
  • 6 Paint Rock Court Trophy Club, TX 1
    • 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,814 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $1.06
    •  
  • 22 Alamosa Drive Trophy Club, TX 2
    • 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
    •  
  • 8 Crooked Creek Court Trophy Club, TX 3
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1980
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.17
    •  
  • 107 Creek Courts Drive Trophy Club, TX 4
    • 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 1979
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.10
    •  
  • 6 Crooked Creek Court Trophy Club, TX 5
    • 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,002 Sqft ∙ Built 2000
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.10
    •  
PROPERTY LISTING DETAILS
Gladys Parke
Ebby Halliday, Realtors/fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14465421
Last Updated: 11/06/2020
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