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824 Kinghaven Drive Little Elm, TX 75068

4 Beds 3 Baths 3,012 sqft Built 2016

$334,999

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $111.22
  • 3 Days on Market
  • MLS # : 14490567
  • Updated Date : 01/02/2021 at 15:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,012 sqft
  • Baths : 3 full
Listing Agent

Real

Listing Agent's Description

Welcome home! Why build and wait when you can have all of this. This 4 bedroom, 3 bathroom home has been meticulously maintained by its original owners featuring 2 of it's 4 bedrooms on the main floor! Natural light pours throughout and boasts many upgrades like the pre-wired surround sound on both levels, designer kitchen and a large yard with covered patio. Plenty of room to spread out with 2 additional bedrooms upstairs, a media room and game room. Easy access to the 380 corridor, shopping, schools, and restaurants. You don't want to miss this- A MUST SEE!

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
 

$301,499$368,499$334,999

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,236
Property Tax -$702
Property Insurance -$201
HOA -$31
Property Management Fees -$99
CASH FLOW
-$49

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.

$334,999

PROJECTED PRICE

$2,220

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$1.0M

PROJECTED ANNUAL CASH FLOW

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

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,249
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,666

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,244

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,0953$2,1954$2,2205$2,400
$2,400
RENT COMPS ANALYSIS
  • 824 Kinghaven Drive Little Elm, TX 4
    • 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,012 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.74
    •  
  • 912 Hawk Valley Drive Little Elm, TX 1
    • 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,851 Sqft ∙ Built 2012
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.72
    •  
  • 1421 Castle Creek Drive Little Elm, TX 2
    • 5 beds 4 baths ∙ 2,981 Sqft ∙ Built 2013 5 beds 4 baths ∙ 2,981 Sqft ∙ Built 2013
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.70
    •  
  • 224 Bluefinch Drive Little Elm, TX 3
    • 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2006
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.76
    •  
  • 1017 Bird Creek Drive Little Elm, TX 5
    • 5 beds 4 baths ∙ 2,987 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,987 Sqft ∙ Built 2016
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.80
    •  
PROPERTY LISTING DETAILS
Latasha Hinton
Real
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490567
Last Updated: 01/02/2021
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