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903 Blue Quail Run Glenn Heights, TX 75154

4 Beds 3 Baths 2,935 sqft Built 2015

$284,900

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $97.07
  • 6 Days on Market
  • MLS # : 14462232
  • Updated Date : 10/31/2020 at 14:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,935 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp & Associates Rockwall

Listing Agent's Description

Come see this stunning 2 story home located in Glenn Heights! The open concept kitchen includes granite counter tops, stainless steel appliances & a huge island for great conversation. Separate formal dining & breakfast nook. Enjoy the ample natural lighting in the living room with laminate wood and best of all, a beautiful fireplace. The master bedroom is privately located downstairs, large windows & laminate wood flooring. The master bath includes a walk in closet, garden tub & a split vanity. Game room and other bedrooms are located upstairs, and have lots of closet space. Backyard boasts a covered patio & a fire-pit! Conveniently located near the highway 35E for an easy commute to work, schools & shopping!

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

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $110k243k

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

Zip Code: 75154

ZipNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10151734

* 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
Woodridge Elementary School Primary Regular 691 41 3
Curtistene S Mccowan Middle School Middle Regular 846 52 2

Woodridge Elementary School

  • Education Level: Primary
  • # of students: 691
  • # of teachers: 41
3
GreatSchools Rating

Curtistene S Mccowan Middle School

  • Education Level: Middle
  • # of students: 846
  • # of teachers: 52
2
GreatSchools Rating
 

$256,410$313,390$284,900

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,051
Property Tax -$718
Property Insurance -$197
HOA -$10
Property Management Fees -$99
CASH FLOW
$115

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$284,900

PROJECTED PRICE

$2,190

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$23,781

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,032

    COMP ESTIMATED VALUE
  • $0.69

    COMP AVG. RENT PER SQFT
Comps Range
$1,749
1$1,7492$1,7953$1,8954$1,9955$2,190
$2,190
RENT COMPS ANALYSIS
  • 903 Blue Quail Run Glenn Heights, TX 5
    • 4 beds 3 baths ∙ 2,935 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,935 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.75
    •  
  • 749 Horseshoe Court Desoto, TX 1
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2006
    LEASED 10/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.66
    •  
  • 773 Eldorado Drive Desoto, TX 2
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2006
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.68
    •  
  • 1206 Quincy Drive Glenn Heights, TX 3
    • 4 beds 3 baths ∙ 2,712 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,712 Sqft ∙ Built 2003
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.70
    •  
  • 1232 Yukon Drive Glenn Heights, TX 4
    • 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,728 Sqft ∙ Built 2005
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.73
    •  
PROPERTY LISTING DETAILS
Helen Gomez-salvador
Jp & Associates Rockwall
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14462232
Last Updated: 10/31/2020
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