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9010 Cumberland Drive Irving, TX 75063

3 Beds 3 Baths 2,278 sqft Built 1985

INVESTimate

$357,000

List Price

$2,220

$1,998 - $2,442

Rent Est.

$379,455  ( +6.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $156.72
  • 6 Days on Market
  • MLS # : 14418554
  • Updated Date : 08/22/2020 at 07:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,278 sqft
  • Baths : 2 full , 1 half
Listing Agent

Briggs Freeman Sotheby's Int'l

Listing Agent's Description

Adorable 2-story home in Valley Ranch features a west facing backyard patio to enjoy cool evenings in the garden. All bedrooms are upstairs for privacy. Light & bright with plenty of natural light. The family room features a cozy fireplace and original hardwood floors. Award winning Coppell ISD schools are just blocks away. Great walking trails and parks are just a few steps away from your front door. You will enjoy this home for years to come.

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: Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $107k392k

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

Neighborhood: Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10432590

* 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
 

$321,300$392,700$357,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,317
Property Tax -$789
Property Insurance -$159
HOA -$45
Property Management Fees -$99
CASH FLOW
-$189

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.

$357,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.29%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,355

INVESTMENT

$100,355

Down Payment
$89,250
Rehab Estimate
$5,750
Closing Costs
$5,355

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,250
Loan Amount $267,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$5,847

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,221

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,1003$2,1004$2,2205$2,300
$2,300
RENT COMPS ANALYSIS
  • 9010 Cumberland Drive Irving, TX 4
    • 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.97
    •  
  • 745 Marble Canyon Circle Irving, TX 1
    • 3 beds 3 baths ∙ 2,171 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,171 Sqft ∙ Built 1986
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.96
    •  
  • 305 Pecos Trail Irving, TX 2
    • 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,253 Sqft ∙ Built 1987
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 600 Evening Star Court Irving, TX 3
    • 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,152 Sqft ∙ Built 1990
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 701 Canal Street Irving, TX 5
    • 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 1994
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jeremy Bravo
Briggs Freeman Sotheby's Int'l
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418554
Last Updated: 08/22/2020
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