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618 Hidden Oak Court Highland Village, TX 75077

4 Beds 2 Baths 2,146 sqft Built 1987

$399,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $186.35
  • 4 Days on Market
  • MLS # : 14516752
  • Updated Date : 02/27/2021 at 16:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,146 sqft
  • Baths : 2 full
Listing Agent

Repeat Realty, Llc

Listing Agent's Description

MULTIPLE OFFERS RECEIVED. HIGH and BEST by 9pm SAT 2.27. This charming homes sits in a secluded cul se sac next to greenbelt and trails in beautiful Highland Shores! Lay out includes 2 living areas w split bdrms and large open kitchen. Room off master can be your private office or 4th bdrm. Wood look durable vinyl floors perfect for pets, kids w ease of clean. RECENCTLY RENOVATED KICTHEN has all the bells and whistles! 36 in induction cooktop, oven w convection micro, Electrolux side by side fridge freezer, reverse osmosis and LARGE ISLAND makes entertaining a breeze! Surround sound, speakers and receiver will stay w home. New garage door and tankless water heater. Garage equipped w electric car plug.

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: Highland Shores

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k439k

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

Neighborhood: Highland Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $11262941

* 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
Mcauliffe Elementary School Primary Regular 520 37 9
Briarhill Middle School Middle Regular 955 66 9
Marcus High School High Regular 2,439 151 8

Mcauliffe Elementary School

  • Education Level: Primary
  • # of students: 520
  • # of teachers: 37
9
GreatSchools Rating

Briarhill Middle School

  • Education Level: Middle
  • # of students: 955
  • # of teachers: 66
9
GreatSchools Rating

Marcus High School

  • Education Level: High
  • # of students: 2,439
  • # of teachers: 151
8
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,389
Property Tax -$732
Property Insurance -$151
HOA -$69
Property Management Fees -$99
CASH FLOW
-$90

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.

$399,900

PROJECTED PRICE

$2,350

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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-$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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$11,899

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $2,350

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,3503$2,3504$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 618 Hidden Oak Court Highland Village, TX 3
    • 4 beds 2 baths ∙ 2,146 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,146 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.10
    •  
  • 218 Stone Canyon Drive Highland Village, TX 1
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1978
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.13
    •  
  • 6401 Blossom Trail Flower Mound, TX 2
    • 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,234 Sqft ∙ Built 1996
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.05
    •  
  • 2290 Glen Ridge Drive Highland Village, TX 4
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 1989
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.08
    •  
  • 2501 Buttonwood Drive Flower Mound, TX 5
    • 3 beds 2 baths ∙ 2,319 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,319 Sqft ∙ Built 2000
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.12
    •  
PROPERTY LISTING DETAILS
Timi Grogan
Repeat Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516752
Last Updated: 02/27/2021
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