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

822 Rustic Trail Midlothian, TX 76065

4 Beds 3 Baths 2,206 sqft Built 2021

$362,242

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $164.21
  • 2 Days on Market
  • MLS # : 14496921
  • Updated Date : 01/08/2021 at 20:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,206 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Welcome to Dove Creek, a community by Lillian Custom Homes. This Laramie plan home on a Corner Lot features a beautiful Brick & Stone ext Elevation, Grand Foyer w Groin Vault Ceiling, 4 Separate Bedrooms, 3 Full Bathrooms, Open Concept Living Room w Fireplace, Kitchen w Island, Granite & Stainless Steel Appliances, & spacious Master Suite w Dual Sinks & Lg Walk-In Shower Master Bathroom. Covered Front Porch & Back Patio overlooking the generous backyard for play, sports, or pets! Estimated to be ready for move-in summer 2021, act quickly to choose your colors & finishes! Smart Home Features & Foam Insulation! Each home is Energy Efficient. Ask about our Hometown Heroes program & preferred lender incentives.

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: 76065

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 76065

ZipNIR 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
Mt. Peak Elementary School Primary Regular 706 43 6
Frank Seale Middle School Middle Regular 908 48 7
Midlothian High School High Regular 2,390 141 6

Mt. Peak Elementary School

  • Education Level: Primary
  • # of students: 706
  • # of teachers: 43
6
GreatSchools Rating

Frank Seale Middle School

  • Education Level: Middle
  • # of students: 908
  • # of teachers: 48
7
GreatSchools Rating

Midlothian High School

  • Education Level: High
  • # of students: 2,390
  • # of teachers: 141
6
GreatSchools Rating
 

$326,018$398,466$362,242

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,258
Property Tax -$791
Property Insurance -$155
HOA -$30
Property Management Fees -$99
CASH FLOW
$28

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$362,242

PROJECTED PRICE

$2,360

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,994

INVESTMENT

$97,994

Down Payment
$90,561
Rehab Estimate
$2,000
Closing Costs
$5,434

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,561
Loan Amount $271,682
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,289

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,333

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,2953$2,3604$2,4505$2,595
$2,595
RENT COMPS ANALYSIS
  • 822 Rustic Trail Midlothian, TX 3
    • 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,206 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.07
    •  
  • 434 Bentley Drive Midlothian, TX 1
    • 4 beds 2 baths ∙ 2,102 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,102 Sqft ∙ Built 2016
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.09
    •  
  • 461 Bentley Drive Midlothian, TX 2
    • 4 beds 2 baths ∙ 2,197 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,197 Sqft ∙ Built 2016
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.04
    •  
  • 430 Calvert Drive Midlothian, TX 4
    • 4 beds 2 baths ∙ 2,363 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,363 Sqft ∙ Built 2015
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.04
    •  
  • 5621 Country South Lane Midlothian, TX 5
    • 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 2006
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.06
    •  
PROPERTY LISTING DETAILS
Ashlee Mcghee
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14496921
Last Updated: 01/08/2021
BESbswy