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836 Tealwood Circle Flower Mound, TX 75028

4 Beds 2 Baths 2,183 sqft Built 1993

$399,900

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $183.19
  • 2 Days on Market
  • MLS # : 14514578
  • Updated Date : 02/06/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,183 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

Beautiful 1-Story 2,183 Sq.Ft. Home Nestled in a Landscaped Cul-de-Sac Lot! Tropical Dream Backyard with Swimming Pool surrounded by Palm Trees, Backyard Patio w-Plumbing for Gas Grill, Separate Huge Grassy Area! Exceptional Open Floor Plan Features 2 Spacious Living Areas Sharing a See-Thru Gas Fireplace. Open, Light-Bright Kitchen Upgraded w-Stainless Steel Appliances: Double Oven, Ceramic Cooktop, Energy Efficient Dishwasher, Island, and Breakfast Bar. Split Bedrooms for privacy. Huge Master with sitting area, Pool-View, separate shower, garden tub, dual sinks, and large Walk-In Closet. Sprinkler System. Newer HVAC system, ductwork, insulation and roof approx 5 yrs old.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Tealwood Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k402k

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

Neighborhood: Tealwood Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001300140015001600170018001900200021002200230024002500Rent in $11262573

* 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
Garden Ridge Elementary School Primary Regular 465 30 10
Forestwood Middle School Middle Regular 693 49 8
Flower Mound High School High Regular 2,550 157 10

Garden Ridge Elementary School

  • Education Level: Primary
  • # of students: 465
  • # of teachers: 30
10
GreatSchools Rating

Forestwood Middle School

  • Education Level: Middle
  • # of students: 693
  • # of teachers: 49
8
GreatSchools Rating

Flower Mound High School

  • Education Level: High
  • # of students: 2,550
  • # of teachers: 157
10
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,389
Property Tax -$691
Property Insurance -$153
Property Management Fees -$99
CASH FLOW
-$32

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.

$399,900

PROJECTED PRICE

$2,300

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.5%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$16,794

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,281

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3003$2,3004$2,3005$2,495
$2,495
RENT COMPS ANALYSIS
  • 836 Tealwood Circle Flower Mound, TX 4
    • 4 beds 2 baths ∙ 2,183 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,183 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.05
    •  
  • 808 Sierra Lane Flower Mound, TX 1
    • 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,030 Sqft ∙ Built 1996
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 1510 Saint Francis Lane Flower Mound, TX 2
    • 4 beds 2 baths ∙ 2,262 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,262 Sqft ∙ Built 1996
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
  • 817 Wood Duck Way Flower Mound, TX 3
    • 4 beds 2 baths ∙ 2,183 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,183 Sqft ∙ Built 1993
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.05
    •  
  • 2101 Lockesley Drive Flower Mound, TX 5
    • 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 1993
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.08
    •  
PROPERTY LISTING DETAILS
Stephanie Ziemann
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14514578
Last Updated: 02/06/2021
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