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706 Green Canyon Court Hudson Oaks, TX 76087

4 Beds 4 Baths 3,481 sqft Built 2016

INVESTimate

$448,000

List Price

$2,780

$2,530 - $3,030

Rent Est.

$474,835  ( +5.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $128.70
  • 3 Days on Market
  • MLS # : 14418918
  • Updated Date : 08/25/2020 at 09:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,481 sqft
  • Baths : 3 full , 1 half
Listing Agent

Front Real Estate Co

Listing Agent's Description

Don't miss this gorgeous and spacious home in Hudson Oaks. This beautiful brick and stone home greets you with wonderful curb-appeal and entry into a warm space. At the front you will find a study or additional living room and further you will step into the open-concept living, kitchen, and dining areas featuring hand-scraped hardwoods throughout these main living areas and granite counter tops and stainless steel appliances in the kitchen. Also downstairs is the over-sized master suite with spacious en-suite bathroom and views of the backyard. Upstairs, several additional bedrooms and bathrooms can be found along with a large game-room and media-room. Lastly, don't miss the oversized garage and large lot!

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: 76087

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k392k

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

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q2120013001400150016001700180019002000210022002300Rent in $11262325

* 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
Mary Martin Elementary School Primary Regular 590 34 5
Mary Martin Elementary School Middle Regular 590 34 5
Weatherford High School High Regular 2,238 148 6

Mary Martin Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 34
5
GreatSchools Rating

Mary Martin Elementary School

  • Education Level: Middle
  • # of students: 590
  • # of teachers: 34
5
GreatSchools Rating

Weatherford High School

  • Education Level: High
  • # of students: 2,238
  • # of teachers: 148
6
GreatSchools Rating
 

$403,200$492,800$448,000

PURCHASE PRICE

$2,502$3,058$2,780

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,780
EXPENSES Loan Payment -$1,653
Property Tax -$808
Property Insurance -$228
Property Management Fees -$99
CASH FLOW
-$8

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.

$448,000

PROJECTED PRICE

$2,780

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.99%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,470

INVESTMENT

$124,470

Down Payment
$112,000
Rehab Estimate
$5,750
Closing Costs
$6,720

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,653

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,000
Loan Amount $336,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$24,963

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,780

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,976

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,7803$2,950
$2,950
RENT COMPS ANALYSIS
  • 706 Green Canyon Court Hudson Oaks, TX 2
    • 3 beds 4 baths ∙ 3,481 Sqft ∙ Built 2016 3 beds 4 baths ∙ 3,481 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,780
    • $0.80
    •  
  • 514 Saddle Ridge Trail Weatherford, TX 1
    • 4 beds 4 baths ∙ 3,197 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,197 Sqft ∙ Built 2006
    property image
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.83
    •  
  • 3516 Wild Turkey Trail Weatherford, TX 3
    • 4 beds 4 baths ∙ 3,356 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,356 Sqft ∙ Built 2014
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jacob White
Front Real Estate Co
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418918
Last Updated: 08/25/2020
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