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800 Green Coral Drive Little Elm, TX 75068

3 Beds 2 Baths 2,081 sqft Built 2013

$290,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $139.36
  • 4 Days on Market
  • MLS # : 14492934
  • Updated Date : 01/07/2021 at 11:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,081 sqft
  • Baths : 2 full
Listing Agent

Fathom Realty

Listing Agent's Description

Take the opportunity to check out this stunningly revamped all brick, 3 car garage, home positioned on a corner lot. This spacious home welcomes you with a more modern vibe. The kitchen is open with beautiful white cabinets, granite countertops and a soft ceramic backsplash as a finishing touch. The huge sink is positioned inside the island for more convenience and spacious feel. Also includes separate dining area for entertaining. The Primary bedroom is positioned with a spacious ensuite with separate shower and tub. Includes walk-in closet and charming sitting area. Entertain outdoors under the nice, covered patio. Amenities in Paloma Creek include 4 swimming pools, parks, playgrounds and more.

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

Neighborhood: Paloma Creek South

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Paloma Creek South

NeighborhoodNIR 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
Providence Elementary School Primary Regular 657 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Providence Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,007
Property Tax -$608
Property Insurance -$147
HOA -$28
Property Management Fees -$99
CASH FLOW
$20

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.

$290,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,753

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,946

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8503$1,9104$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 800 Green Coral Drive Little Elm, TX 3
    • 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.92
    •  
  • 808 Goldenmist Drive Little Elm, TX 1
    • 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,044 Sqft ∙ Built 2015
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 708 Silvermoon Drive Little Elm, TX 2
    • 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2014
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
  • 904 Green Coral Drive Little Elm, TX 4
    • 4 beds 2 baths ∙ 1,998 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,998 Sqft ∙ Built 2013
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 700 Hawk Valley Drive Little Elm, TX 5
    • 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,018 Sqft ∙ Built 2014
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
PROPERTY LISTING DETAILS
Kenneth Jones
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492934
Last Updated: 01/07/2021
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