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724 Yarrow Street Little Elm, TX 75068

4 Beds 4 Baths 3,238 sqft Built 2017

$497,500

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $153.64
  • 1 Days on Market
  • MLS # : 14536171
  • Updated Date : 03/21/2021 at 01:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,238 sqft
  • Baths : 3 full , 1 half
Listing Agent

Lm Max Realty

Listing Agent's Description

Beautiful and spacious home offers 4 bedrooms, 3.5 bathroom and 2 car garage. Located in a quiet and friendly neighborhood with community swimming pool and biking trail. Great open floor plan with spacious Living Room, Large Kitchen with Granite Counter tops, energy efficient Appliances including refrigerator, abundant cabinet-counter space with pantry and separate dining area. Large Master bedroom with separate shower and walk-in closet. The backyard offers space for BBQ and spacious yard for kids to play. Enjoy close proximity to schools, Walmart, Kroger, CVS and several dining options. Easy access to HWY-380 and DNT.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Zip Code: 75068

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75068

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Miller Elementary School Primary Unknown NA
Trent Middle School Middle Unknown NA
Memorial High School High Regular NA

Miller Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Trent Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Memorial High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$447,750$547,250$497,500

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,728
Property Tax -$1,043
Property Insurance -$214
HOA -$38
Property Management Fees -$99
CASH FLOW
-$682

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.

$497,500

PROJECTED PRICE

$2,440

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,588

INVESTMENT

$137,588

Down Payment
$124,375
Rehab Estimate
$5,750
Closing Costs
$7,463

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,728

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,375
Loan Amount $373,125
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$29

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,437

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,4753$2,4954$2,5005$2,550
$2,550
RENT COMPS ANALYSIS
  • 724 Yarrow Street Little Elm, TX 1
    • 4 beds 4 baths ∙ 3,238 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,238 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.75
    •  
  • 14212 Winter Hill Drive Little Elm, TX 2
    • 4 beds 4 baths ∙ 3,251 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,251 Sqft ∙ Built 2014
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $0.76
    •  
  • 829 Mist Flower Drive Little Elm, TX 3
    • 4 beds 3 baths ∙ 3,400 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,400 Sqft ∙ Built 2014
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.73
    •  
  • 2596 Largo Lane Little Elm, TX 4
    • 4 beds 3 baths ∙ 3,384 Sqft ∙ Built 2011 4 beds 3 baths ∙ 3,384 Sqft ∙ Built 2011
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.74
    •  
  • 704 Yarrow Street Little Elm, TX 5
    • 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2016
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.78
    •  
PROPERTY LISTING DETAILS
Daniel Twito
Lm Max Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536171
Last Updated: 03/21/2021
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