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677 Johns Avenue Coppell, TX 75019

4 Beds 5 Baths 3,436 sqft Built 2018

$640,000

List Price

$3,320

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $186.26
  • 2 Days on Market
  • MLS # : 14466240
  • Updated Date : 11/07/2020 at 02:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,436 sqft
  • Baths : 4 full , 1 half
Listing Agent

Rocket Engine Realty Llc

Listing Agent's Description

CAPACIOUS NORTH-EAST FACING HOME WITH ACCESS TO EXEMPLARY COPPELL SCHOOLS! +Step inside this TWO story home with 4 BR (2 DOWN and 2 UP), Study, 4.5 BA, study room, vaulted ceiling, formal dining, game room and media room+Fall in love with the stylish kitchen showcasing upgraded SS appliances, granite ctop, island, pantry and plenty of cabinet space + Escape in the master suite boasting a huge walk-in closet, dual sinks, garden tub, and separate shower +Host gatherings in the family room featuring with plenty of natural light +Relax under the covered patio with an outdoor kitchen +Close proximity to employment hubs and HWY 121

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

Zip Code: 75019

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Zip Code: 75019

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262695

* 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
Denton Creek Elementary School Primary Regular 594 39 8
Coppell Middle North Middle Regular 909 59 9
Coppell High School High Regular 3,136 192 8

Denton Creek Elementary School

  • Education Level: Primary
  • # of students: 594
  • # of teachers: 39
8
GreatSchools Rating

Coppell Middle North

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 59
9
GreatSchools Rating

Coppell High School

  • Education Level: High
  • # of students: 3,136
  • # of teachers: 192
8
GreatSchools Rating
 

$576,000$704,000$640,000

PURCHASE PRICE

$2,988$3,652$3,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,320
EXPENSES Loan Payment -$2,361
Property Tax -$1,433
Property Insurance -$226
HOA -$110
Property Management Fees -$99
CASH FLOW
-$909

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.

$640,000

PROJECTED PRICE

$3,320

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.4%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$2,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$41

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,320

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $3,402

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,3203$3,6004$3,6005$3,700
$3,700
RENT COMPS ANALYSIS
  • 677 Johns Avenue Coppell, TX 2
    • 4 beds 5 baths ∙ 3,436 Sqft ∙ Built 2018 4 beds 5 baths ∙ 3,436 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,320
    • $0.97
    •  
  • 640 Springlake Way Coppell, TX 1
    • 4 beds 4 baths ∙ 3,474 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,474 Sqft ∙ Built 2017
    property image
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.95
    •  
  • 775 Windsor Road Coppell, TX 3
    • 4 beds 4 baths ∙ 3,600 Sqft ∙ Built 2019 4 beds 4 baths ∙ 3,600 Sqft ∙ Built 2019
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.00
    •  
  • 699 Windsor Road Coppell, TX 4
    • 4 beds 5 baths ∙ 3,494 Sqft ∙ Built 2019 4 beds 5 baths ∙ 3,494 Sqft ∙ Built 2019
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.03
    •  
  • 641 Rock Springs Road Coppell, TX 5
    • 5 beds 5 baths ∙ 3,757 Sqft ∙ Built 2016 5 beds 5 baths ∙ 3,757 Sqft ∙ Built 2016
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
Poogle Narendran
Rocket Engine Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466240
Last Updated: 11/07/2020
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