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

830 Walworth Drive Prosper, TX 75078

4 Beds 4 Baths 3,443 sqft Built 2017

$479,000

List Price

$2,700

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $139.12
  • 3 Days on Market
  • MLS # : 14459228
  • Updated Date : 11/01/2020 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,443 sqft
  • Baths : 4 full
Listing Agent

William Davis Realty

Listing Agent's Description

Beautiful 4 bed 4 full bath home right across from the 7-acre park. Catch a game of baseball or cricket from your front yard. This flexible floorplan was designed to be 5 bed with additional bed and bath down for guest suite or study. Open Living-kitchen-dining at the heart of the home with a corner fireplace and beautiful wood floors. 2 secondary bedrooms share a bath upstairs plus another one with a private bath. The media room upstairs is wired for sound. Huge game room upstairs, perfect for entertaining. All bedrooms have walk-in closets. Large laundry room with additional Costco room for storage and second door to garage. Huge backyard is perfect for playing or large enough to add a pool.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

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
Windsong Elementary School Primary Regular NA
Reynolds Middle School Middle Regular 1,048 68 8
Prosper High School High Regular 1,868 120 9

Windsong Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$431,100$526,900$479,000

PURCHASE PRICE

$2,430$2,970$2,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,700
EXPENSES Loan Payment -$1,767
Property Tax -$912
Property Insurance -$226
HOA -$51
Property Management Fees -$99
CASH FLOW
-$356

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.

$479,000

PROJECTED PRICE

$2,700

PROJECTED RENT

0.56%

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,685

INVESTMENT

$132,685

Down Payment
$119,750
Rehab Estimate
$5,750
Closing Costs
$7,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $119,750
Loan Amount $359,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,132

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,700

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,711

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,6503$2,7004$2,7505$2,895
$2,895
RENT COMPS ANALYSIS
  • 830 Walworth Drive Prosper, TX 3
    • 4 beds 4 baths ∙ 3,443 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,443 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.78
    •  
  • 16029 Brelsford Place Prosper, TX 1
    • 4 beds 4 baths ∙ 3,313 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,313 Sqft ∙ Built 2017
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.75
    •  
  • 16605 Dry Creek Boulevard Prosper, TX 2
    • 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2015 5 beds 4 baths ∙ 3,429 Sqft ∙ Built 2015
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.77
    •  
  • 1341 Jennings Court Prosper, TX 4
    • 5 beds 4 baths ∙ 3,427 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,427 Sqft ∙ Built 2014
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.80
    •  
  • 15604 Governors Island Way Prosper, TX 5
    • 4 beds 4 baths ∙ 3,505 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,505 Sqft ∙ Built 2016
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $0.83
    •  
PROPERTY LISTING DETAILS
Aaron Mckinley
William Davis Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14459228
Last Updated: 11/01/2020
BESbswy