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

891 Emerald Sound Boulevard Oak Point, TX 75068

4 Beds 3 Baths 2,209 sqft Built 1995

$439,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $199.14
  • 3 Days on Market
  • MLS # : 14507547
  • Updated Date : 02/11/2021 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,209 sqft
  • Baths : 3 full
Listing Agent

Showcase Homes

Listing Agent's Description

Country living with all the conveniences located in the sought after lake side community of Emerald Sound. Heavily treed 1 acre lot. Split bedrooms with a large master bedroom with en suite bath. Oversized walk-in tiled shower, walk in closet, two vanities with a ton of cabinet space. Secondary bedrooms are a nice size with the 4th bedroom having its own private full bath and private entrance. Outdoor patio has a built in grill. Oversized garage with workbench. A Water Well provides irrigation in front yard and flowerbeds. New floors installed early 2019.

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: Emerald Sound

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k540k

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

Neighborhood: Emerald Sound

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100220023002400Rent in $11262483

* 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
Billy Ryan High School High Regular 2,409 170 5

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

Billy Ryan High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 170
5
GreatSchools Rating
 

$395,910$483,890$439,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,528
Property Tax -$875
Property Insurance -$155
HOA -$17
Property Management Fees -$99
CASH FLOW
-$573

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.

$439,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.3%
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-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

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$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$53

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,065

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9503$1,9954$2,0955$2,100
$2,100
RENT COMPS ANALYSIS
  • 891 Emerald Sound Boulevard Oak Point, TX 5
    • 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 1417 Red River Drive Aubrey, TX 1
    • 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,033 Sqft ∙ Built 2015
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 608 Pawnee Street Aubrey, TX 2
    • 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,184 Sqft ∙ Built 2015
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 724 Cheyenne Drive Aubrey, TX 3
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 2015
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.99
    •  
  • 1017 Cheyenne Drive Aubrey, TX 4
    • 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,258 Sqft ∙ Built 2014
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.93
    •  
PROPERTY LISTING DETAILS
Shannon Brown
Showcase Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507547
Last Updated: 02/11/2021
BESbswy