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725 Northwood Drive Flower Mound, TX 75022

3 Beds 3 Baths 2,552 sqft Built 2014

$525,000

List Price

$3,430

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $205.72
  • 3 Days on Market
  • MLS # : 14500973
  • Updated Date : 01/17/2021 at 00:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,552 sqft
  • Baths : 2 full , 1 half
Listing Agent

Your Home Free Llc

Listing Agent's Description

Meticulously maintained 2-story Darling home in Lakeside overlooking the park! Inside you will find 3 bedrooms, 2.5 baths, executive study with French doors, upstairs game room with full wet bar & surround sound system, and 2-car garage! Upgrades & amenities throughout include rich hardwood flooring and ceramic tiling - NO carpet in this home!, designer paint tones, decorative lighting fixtures, vaulted ceilings, and MORE! Gourmet kitchen boasts a large center island with breakfast bar and pendant lighting, granite countertops with a subway tile backsplash, bright white cabinetry, and SS appliances. Incredible master retreat offers a luxurious bath and custom closet system. Covered patio great for entertaining!

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: Lakeside DFW

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Lakeside DFW

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $11263781

* 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
Bluebonnet Elementary School Primary Regular 495 32 9
Shadow Ridge Middle School Middle Regular 721 52 10
Flower Mound High School High Regular 2,550 157 10

Bluebonnet Elementary School

  • Education Level: Primary
  • # of students: 495
  • # of teachers: 32
9
GreatSchools Rating

Shadow Ridge Middle School

  • Education Level: Middle
  • # of students: 721
  • # of teachers: 52
10
GreatSchools Rating

Flower Mound High School

  • Education Level: High
  • # of students: 2,550
  • # of teachers: 157
10
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$3,087$3,773$3,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,430
EXPENSES Loan Payment -$1,824
Property Tax -$907
Property Insurance -$175
HOA -$54
Property Management Fees -$99
CASH FLOW
$372

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.

$525,000

PROJECTED PRICE

$3,430

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 5.1%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$57,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,430

    LIST RENT
  • $1.34

    LIST RENT PER SQFT
  • $3,113

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7503$3,2004$3,4305$3,800
$3,800
RENT COMPS ANALYSIS
  • 725 Northwood Drive Flower Mound, TX 4
    • 3 beds 3 baths ∙ 2,552 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,552 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $3,430
    • $1.34
    •  
  • 2808 Lake Crest Drive Flower Mound, TX 1
    • 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,358 Sqft ∙ Built 1994
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.10
    •  
  • 700 Montrose Court Flower Mound, TX 2
    • 4 beds 2 baths ∙ 2,587 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,587 Sqft ∙ Built 1994
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.06
    •  
  • 308 Loma Alta Drive Flower Mound, TX 3
    • 3 beds 3 baths ∙ 2,494 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,494 Sqft ∙ Built 2016
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.28
    •  
  • 713 Northwood Drive Flower Mound, TX 5
    • 4 beds 4 baths ∙ 2,635 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,635 Sqft ∙ Built 2014
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.44
    •  
PROPERTY LISTING DETAILS
William T. Nelson
Your Home Free Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500973
Last Updated: 01/17/2021
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