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849 Countryside Way Little Elm, TX 76227

3 Beds 2 Baths 2,095 sqft Built 2015

$334,900

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $159.86
  • 3 Days on Market
  • MLS # : 14482503
  • Updated Date : 12/12/2020 at 09:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,095 sqft
  • Baths : 2 full
Listing Agent

Hunter Dehn Realty

Listing Agent's Description

Smart Home in the wonderful community of Union Park. Hand-scraped hardwoods welcome you home as you enter the front door. Passing by the guest beds and bath you will notice the neutral wall tones complimenting the flooring throughout. Marble floors in the office make for a modern and bright workspace. The kitchen opens to a great room and dining area. The white shaker cabinets are topped with granite countertops adorned by a glass tile backsplash; featuring a stainless steel convection oven, microwave, and vent hood. The oversized stamped concrete patio wraps around both sides of the home. The large primary bedroom and bath with a large closet, soaker tub, shower and dual vanities. Garage with epoxy floor AC

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

Neighborhood: Union Park

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

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

Neighborhood: Union Park

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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # 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
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,236
Property Tax -$717
Property Insurance -$148
HOA -$98
Property Management Fees -$99
CASH FLOW
-$208

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.

$334,900

PROJECTED PRICE

$2,090

PROJECTED RENT

0.62%

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) 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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% 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 $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,885

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,975

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$1,9454$1,9955$2,090
$2,090
RENT COMPS ANALYSIS
  • 849 Countryside Way Little Elm, TX 5
    • 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.00
    •  
  • 844 Countryside Way Little Elm, TX 1
    • 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,081 Sqft ∙ Built 2016
    LEASED 09/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 1016 Holly Anne Lane Aubrey, TX 2
    • 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 2015
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.98
    •  
  • 1013 Holly Anne Lane Savannah, TX 3
    • 4 beds 3 baths ∙ 2,049 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,049 Sqft ∙ Built 2015
    LEASED 11/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.95
    •  
  • 708 Lighthouse Lane Savannah, TX 4
    • 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,041 Sqft ∙ Built 2013
    LEASED 12/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
PROPERTY LISTING DETAILS
Hunter Dehn
Hunter Dehn Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482503
Last Updated: 12/12/2020
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