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9017 Cranston Court Providence Village, TX 76227

4 Beds 4 Baths 3,273 sqft Built 2014

$335,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $102.35
  • 2 Days on Market
  • MLS # : 14529158
  • Updated Date : 03/12/2021 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,273 sqft
  • Baths : 3 full , 1 half
Listing Agent

Chasidy Riley

Listing Agent's Description

Welcome home to Providence Village! Great four bedroom home, with two oversized master bedrooms, Two living areas & a giant backyard. This is the one you've been waiting for.

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: Island Village at Providence

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $116k336k

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

Neighborhood: Island Village at Providence

NeighborhoodNIR 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
Monaco Elementary School Primary Regular 642 36 6
Aubrey Middle School Middle Regular 484 29 7
Aubrey High School High Regular 585 36 6

Monaco Elementary School

  • Education Level: Primary
  • # of students: 642
  • # of teachers: 36
6
GreatSchools Rating

Aubrey Middle School

  • Education Level: Middle
  • # of students: 484
  • # of teachers: 29
7
GreatSchools Rating

Aubrey High School

  • Education Level: High
  • # of students: 585
  • # of teachers: 36
6
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,164
Property Tax -$716
Property Insurance -$216
HOA -$60
Property Management Fees -$99
CASH FLOW
-$55

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.

$335,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.1%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,709

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,433

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,2003$2,4504$2,725
$2,725
RENT COMPS ANALYSIS
  • 9017 Cranston Court Providence Village, TX 2
    • 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,273 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.67
    •  
  • 1608 Goodwin Drive Aubrey, TX 1
    • 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,302 Sqft ∙ Built 2013
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.59
    •  
  • 1809 Myers Court Providence Village, TX 3
    • 4 beds 3 baths ∙ 3,023 Sqft ∙ Built 2013 4 beds 3 baths ∙ 3,023 Sqft ∙ Built 2013
    property image
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.81
    •  
  • 8913 Cranston Court Aubrey, TX 4
    • 5 beds 4 baths ∙ 3,286 Sqft ∙ Built 2013 5 beds 4 baths ∙ 3,286 Sqft ∙ Built 2013
    property image
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,725
    • $0.83
    •  
PROPERTY LISTING DETAILS
Chasidy Riley
Chasidy Riley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14529158
Last Updated: 03/12/2021
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