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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $189.69
- 2 Days on Market
- MLS # : 14470064
- Updated Date : 11/21/2020 at 13:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,687 sqft
- Baths : 2 full
Listing Agent
2415 Realty
Listing Agent's Description
You are going to fall in love with this open floor plan with tons of natural light. What a perfect place to work from home. You can put your office in the huge master bedroom or enjoy your large private back yard and sitting area. The master bathroom has been updated and includes a walk in shower. All of the interior doors have also been updated to a beautifully stained wood. The living room is the highlight of the inside with those large windows and french doors paired with the vaulted ceilings the room feels so big and bright. Located in desirable Coppell Woodridge Subdivison and walking distance to Coppell ISD schools.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 75019
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 75019
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$722 | |
| Property Insurance | -$125 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$166
|
||
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.
$320,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,550
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
2.17
YEARS SAVED
$5,781
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$1,957
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
833 Redcedar Way Drive Coppell, TX 3
- 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,960
- $1.16
-
250 Creekside Lane Coppell, TX 1
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1984
LEASED 10/12/20- Rent
- Rent Per SQFT
- $1,850
- $1.15
-
246 Creekside Lane Coppell, TX 2
- 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,713 Sqft ∙ Built 1984
LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,950
- $1.14
-
923 Redcedar Way Drive Coppell, TX 4
- 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1983
LEASED 08/12/20- Rent
- Rent Per SQFT
- $2,050
- $1.18
-
317 Springoak Lane Coppell, TX 5
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 1984
LEASED 06/26/20- Rent
- Rent Per SQFT
- $2,100
- $1.17
PROPERTY LISTING DETAILS
2415 Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14470064
Last Updated: 11/21/2020
