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775 Chateaus Drive Coppell, TX 75019

4 Beds 4 Baths 3,423 sqft Built 2009

$695,000

List Price

$3,280

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $203.04
  • 3 Days on Market
  • MLS # : 14537710
  • Updated Date : 03/26/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,423 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Stunning east-facing single-story Toll Brothers custom on cul-de-sac lot in desirable Chateaus of Coppell. Interior features light & bright open floorplan, inviting foyer w wrought iron front door, rich hardwoods, soaring ceilings, & walls of windows w views of backyard & pool. Kitchen offers slab granite countertops, stainless appliances, double ovens, gas cooktop, breakfast bar, & walk-in pantry. Large master retreat has separate dual head shower, jetted tub, separate vanities, & walk-in closet. 3 secondary bedrooms with bathroom access. Breathtaking backyard oasis has large covered patio w built-in grill, pool w spa & waterfall, & tons of yard to play! Perfect for entertaining! Award Winning Coppell ISD!

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

Neighborhood: Chateaus of Coppell

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750k800kPrice in $123k813k

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

Neighborhood: Chateaus of Coppell

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21500200025003000350040004500Rent in $11264550

* 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
Wilson Elementary School Primary Regular 554 38 7
Coppell Middle West Middle Regular 979 62 9
Coppell High School High Regular 3,136 192 8

Wilson Elementary School

  • Education Level: Primary
  • # of students: 554
  • # of teachers: 38
7
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
 

$625,500$764,500$695,000

PURCHASE PRICE

$2,952$3,608$3,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,280
EXPENSES Loan Payment -$2,414
Property Tax -$1,556
Property Insurance -$225
HOA -$85
Property Management Fees -$99
CASH FLOW
-$1,099

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.

$695,000

PROJECTED PRICE

$3,280

PROJECTED RENT

0.47%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$189,925

INVESTMENT

$189,925

Down Payment
$173,750
Rehab Estimate
$5,750
Closing Costs
$10,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,414

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $173,750
Loan Amount $521,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$9

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,280

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,260

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$3,100
1$3,1002$3,2003$3,2804$3,4005$3,550
$3,550
RENT COMPS ANALYSIS
  • 775 Chateaus Drive Coppell, TX 3
    • 4 beds 4 baths ∙ 3,423 Sqft ∙ Built 2009 4 beds 4 baths ∙ 3,423 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $3,280
    • $0.96
    •  
  • 212 Plantation Coppell, TX 1
    • 4 beds 3 baths ∙ 3,320 Sqft ∙ Built 1989 4 beds 3 baths ∙ 3,320 Sqft ∙ Built 1989
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.93
    •  
  • 336 Kaye Street Coppell, TX 2
    • 5 beds 4 baths ∙ 3,639 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,639 Sqft ∙ Built 2014
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.88
    •  
  • 537 Halifax Lane Coppell, TX 4
    • 4 beds 4 baths ∙ 3,606 Sqft ∙ Built 1990 4 beds 4 baths ∙ 3,606 Sqft ∙ Built 1990
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.94
    •  
  • 762 Cameron Court Coppell, TX 5
    • 3 beds 4 baths ∙ 3,349 Sqft ∙ Built 2014 3 beds 4 baths ∙ 3,349 Sqft ∙ Built 2014
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.06
    •  
PROPERTY LISTING DETAILS
Laura Barnett
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537710
Last Updated: 03/26/2021
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