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712 Castle Creek Drive Coppell, TX 75019

4 Beds 3 Baths 3,448 sqft Built 1995

$699,900

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $202.99
  • 5 Days on Market
  • MLS # : 14451838
  • Updated Date : 10/30/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,448 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Dfw Preferred

Listing Agent's Description

A step above the rest, this custom Coppell home boasts serene water views from nearly every window. 24-foot vaulted ceilings in living rm & grand entrance. Abundant light, custom tray & barrel ceilings & crown molding complement most rooms. Large master retreat boasting large bow windows, guest bedrm w separate bath & study on first floor. Upstairs loft w balcony to enjoy morning sunrises & 2 beds w Jack & Jill bath. Custom built-ins offer dream storage throughout home. New wood floors & updated paint colors. Resort-style living in backyard w sparkling pool & waterfall, direct view of the lake’s water fountain & stone path to waterfall pond filled w koi fish Sidewalks & bike paths right to Andy Brown Park.

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: Estates of Cambridge Manor

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $123k775k

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

Neighborhood: Estates of Cambridge Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600380040004200Rent in $11264205

* 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
 

$629,910$769,890$699,900

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$2,582
Property Tax -$1,567
Property Insurance -$226
HOA -$100
Property Management Fees -$99
CASH FLOW
-$1,365

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.

$699,900

PROJECTED PRICE

$3,210

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$25k-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,224

INVESTMENT

$191,224

Down Payment
$174,975
Rehab Estimate
$5,750
Closing Costs
$10,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,582

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $174,975
Loan Amount $524,925
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$2

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $3,482

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2103$3,4004$3,4505$3,600
$3,600
RENT COMPS ANALYSIS
  • 712 Castle Creek Drive Coppell, TX 2
    • 4 beds 3 baths ∙ 3,448 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,448 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $0.93
    •  
  • 754 Teal Cove Coppell, TX 1
    • 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 1995 4 beds 3 baths ∙ 3,115 Sqft ∙ Built 1995
    property image
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.00
    •  
  • 510 Beverly Drive Coppell, TX 3
    • 4 beds 4 baths ∙ 3,277 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,277 Sqft ∙ Built 1993
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.04
    •  
  • 629 Deforest Road Coppell, TX 4
    • 4 beds 4 baths ∙ 3,427 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,427 Sqft ∙ Built 1993
    property image
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.01
    •  
  • 636 Deforest Road Coppell, TX 5
    • 4 beds 4 baths ∙ 3,649 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,649 Sqft ∙ Built 1999
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jeff Hahn
Keller Williams Dfw Preferred
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14451838
Last Updated: 10/30/2020
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