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9001 Woodway Drive Irving, TX 75063

5 Beds 4 Baths 4,623 sqft Built 2002

$650,000

List Price

$3,380

$3.1K - $3.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $140.60
  • 5 Days on Market
  • MLS # : 14463826
  • Updated Date : 11/05/2020 at 14:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,623 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Impeccable 2 story, Lennar Home in Hills of Valley Ranch with the biggest layout in the community with extended utility, deck and backyard . Rich Wood flooring through-out 1st and 2nd floor, Kitchen completely renovated with SS appliances, and beautiful granite counter-top with gourmet gas stove. Major storage areas, Master bath closets, Utility closets, Pantry 1 and 2 closets, Coat Closet, all beautifully upgraded with Closets by Design. M-BR fitted with Mood Lights. The upstairs has four bedrooms, a game room and an additional large library cum study room made by the owners. Much sought after Coppell ISD, closer to highways and shopping centers. More upgrades listed in the transaction section.

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: The Hills of Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $107k492k

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

Neighborhood: The Hills of Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10433004

* 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
Valley Ranch Elementary School Primary Regular 638 37 10
Coppell Middle East Middle Regular 905 55 10
Coppell High School High Regular 3,136 192 8

Valley Ranch Elementary School

  • Education Level: Primary
  • # of students: 638
  • # of teachers: 37
10
GreatSchools Rating

Coppell Middle East

  • Education Level: Middle
  • # of students: 905
  • # of teachers: 55
10
GreatSchools Rating

Coppell High School

  • Education Level: High
  • # of students: 3,136
  • # of teachers: 192
8
GreatSchools Rating
 

$585,000$715,000$650,000

PURCHASE PRICE

$3,042$3,718$3,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,380
EXPENSES Loan Payment -$2,398
Property Tax -$1,436
Property Insurance -$294
HOA -$72
Property Management Fees -$99
CASH FLOW
-$920

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.

$650,000

PROJECTED PRICE

$3,380

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.2%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$38

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,380

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $3,629

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$3,000
1$3,0002$3,3803$3,850
$3,850
RENT COMPS ANALYSIS
  • 9001 Woodway Drive Irving, TX 2
    • 5 beds 4 baths ∙ 4,623 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,623 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $3,380
    • $0.73
    •  
  • 10118 Mateo Trail Irving, TX 1
    • 4 beds 4 baths ∙ 4,324 Sqft ∙ Built 2005 4 beds 4 baths ∙ 4,324 Sqft ∙ Built 2005
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.69
    •  
  • 500 Ginkgo Circle Irving, TX 3
    • 4 beds 4 baths ∙ 4,393 Sqft ∙ Built 1990 4 beds 4 baths ∙ 4,393 Sqft ∙ Built 1990
    LEASED 03/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,850
    • $0.88
    •  
PROPERTY LISTING DETAILS
San Behera
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463826
Last Updated: 11/05/2020
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