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747 Cameron Court Coppell, TX 75019

3 Beds 4 Baths 2,520 sqft Built 2015

$473,000

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $187.70
  • 5 Days on Market
  • MLS # : 14521874
  • Updated Date : 02/28/2021 at 22:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,520 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Trinity

Listing Agent's Description

MOVE IN READY~Gorgeous, well maintained Darling home in Old Town Coppell within walking distance to shopping, restaurants, parks & Coppell Arts Center~Gleaming hardwood floors, vaulted ceilings, open floorplan making it perfect for entertaining~Beautiful granite counter tops, SS appl, large island & walk in pantry~First floor bedrm & bathrm idea for guest~A second living area upstairs with wet bar which can be used as a game room~Master suite upstairs features walk-in shower with multiple shower heads, dual sinks and huge closet~Study is right off master suite with french doors, can also be used as 4th bedrm~Hunter window covering thru out home~two relaxing covered porches~great social neighborhood. A MUST SEE!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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
Pinkerton Elementary School Primary Regular 322 25 9
Coppell Middle West Middle Regular 979 62 9
Coppell High School High Regular 3,136 192 8

Pinkerton Elementary School

  • Education Level: Primary
  • # of students: 322
  • # of teachers: 25
9
GreatSchools Rating

Coppell Middle West

  • Education Level: Middle
  • # of students: 979
  • # of teachers: 62
9
GreatSchools Rating

Coppell High School

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

$425,700$520,300$473,000

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$1,643
Property Tax -$1,059
Property Insurance -$173
HOA -$81
Property Management Fees -$99
CASH FLOW
-$215

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.

$473,000

PROJECTED PRICE

$2,840

PROJECTED RENT

0.60%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$131,095

INVESTMENT

$131,095

Down Payment
$118,250
Rehab Estimate
$5,750
Closing Costs
$7,095

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,250
Loan Amount $354,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,733

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,841

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,840
1$2,8402$2,8953$2,9004$3,0005$3,000
$3,000
RENT COMPS ANALYSIS
  • 747 Cameron Court Coppell, TX 1
    • 3 beds 4 baths ∙ 2,520 Sqft ∙ Built 2015 3 beds 4 baths ∙ 2,520 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $1.13
    •  
  • 750 Hammond Street Coppell, TX 2
    • 3 beds 4 baths ∙ 2,547 Sqft ∙ Built 2016 3 beds 4 baths ∙ 2,547 Sqft ∙ Built 2016
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.14
    •  
  • 456 Burns Street Coppell, TX 3
    • 3 beds 4 baths ∙ 2,676 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,676 Sqft ∙ Built 2017
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.08
    •  
  • 566 S Coppell Road Coppell, TX 4
    • 3 beds 3 baths ∙ 2,630 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,630 Sqft ∙ Built 2020
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.14
    •  
  • 452 Burns Street Coppell, TX 5
    • 4 beds 4 baths ∙ 2,620 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,620 Sqft ∙ Built 2017
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.15
    •  
PROPERTY LISTING DETAILS
Wynona Mobley
Re/max Trinity
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14521874
Last Updated: 02/28/2021
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