Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

760 Huron Court Prosper, TX 75078

4 Beds 4 Baths 4,069 sqft Built 2005

$509,000

List Price

$3,150

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $125.09
  • 7 Days on Market
  • MLS # : 14482059
  • Updated Date : 01/07/2021 at 10:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,069 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

From the moment you enter this lovely home you will feel the charm throughout. Over 4000 sq ft, this home features 4 bedrooms, 3.1 baths, and 3 living areas that reflect a multitude of details. The office is a SHOW STOPPER with rich wood detailing, ceiling beams and wall to wall shelving. A breathtaking pool located in a beautiful landscaped setting with gazebo, is perfect for family fun and relaxation. This thoughtfully designed home features abundant storage throughout. A beautiful gourmet kitchen and extra large pantry will certainly delight any chef living in this home! Too many amazing details to list. A MUST SEE! Easy access to major highways, awesome schools, close to restaurants and shopping!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k515k

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

Zip Code: 75078

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $11263004

* 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
Judy Rucker Elementary School Primary Regular 781 47 8
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Judy Rucker Elementary School

  • Education Level: Primary
  • # of students: 781
  • # of teachers: 47
8
GreatSchools Rating

Reynolds Middle School

  • Education Level: Middle
  • # of students: 1,048
  • # of teachers: 68
8
GreatSchools Rating

Prosper High School

  • Education Level: High
  • # of students: 1,868
  • # of teachers: 120
9
GreatSchools Rating
 

$458,100$559,900$509,000

PURCHASE PRICE

$2,835$3,465$3,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,150
EXPENSES Loan Payment -$1,768
Property Tax -$994
Property Insurance -$262
HOA -$50
Property Management Fees -$99
CASH FLOW
-$24

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.

$509,000

PROJECTED PRICE

$3,150

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.0%
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-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,635

INVESTMENT

$140,635

Down Payment
$127,250
Rehab Estimate
$5,750
Closing Costs
$7,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,768

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,250
Loan Amount $381,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$20,138

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,150

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $3,591

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$3,150
1$3,1502$3,3503$3,4954$3,5005$3,950
$3,950
RENT COMPS ANALYSIS
  • 760 Huron Court Prosper, TX 1
    • 4 beds 4 baths ∙ 4,069 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,069 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,150
    • $0.77
    •  
  • 1640 Greenwood Court Prosper, TX 2
    • 5 beds 4 baths ∙ 4,075 Sqft ∙ Built 2010 5 beds 4 baths ∙ 4,075 Sqft ∙ Built 2010
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,350
    • $0.82
    •  
  • 1310 Packsaddle Trail Prosper, TX 3
    • 4 beds 4 baths ∙ 3,917 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,917 Sqft ∙ Built 2014
    property image
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.89
    •  
  • 108 N Craig Road Prosper, TX 4
    • 4 beds 4 baths ∙ 3,799 Sqft ∙ Built 1991 4 beds 4 baths ∙ 3,799 Sqft ∙ Built 1991
    property image
    LEASED 07/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.92
    •  
  • 1020 Caribou Drive Prosper, TX 5
    • 4 beds 5 baths ∙ 4,413 Sqft ∙ Built 2011 4 beds 5 baths ∙ 4,413 Sqft ∙ Built 2011
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,950
    • $0.90
    •  
PROPERTY LISTING DETAILS
Deborah Branch
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482059
Last Updated: 01/07/2021
BESbswy