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908 Santa Fe Trail Irving, TX 75063

4 Beds 3 Baths 2,389 sqft Built 1989

INVESTimate

$397,500

List Price

$2,350

$2,115 - $2,585

Rent Est.

$422,264  ( +6.23%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $166.39
  • 7 Days on Market
  • MLS # : 14417565
  • Updated Date : 08/24/2020 at 14:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,389 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Judge Fite Co.

Listing Agent's Description

Beautifully updated and well-maintained home in Coppell ISD with 4 bedrooms, 2.5 baths, and 2 living areas. Kitchen is updated with granite counter-tops and gorgeous back-splash. Downstairs master bedroom has a great sized walk-in closet, with an on-suite bathroom featuring a double vanity sink and garden bathtub. You will love the peaceful backyard with privacy fence and large covered patio perfect for entertaining. Great location near shopping, restaurants, and elementary school. Fantastic neighborhood is walking distance to canals and parks. The house is north facing. Home is owned by the listing agent.

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: Hamptons at Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $107k575k

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

Neighborhood: Hamptons at Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10433378

* 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
 

$357,750$437,250$397,500

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,467
Property Tax -$878
Property Insurance -$165
HOA -$49
Property Management Fees -$99
CASH FLOW
-$308

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.

$397,500

PROJECTED PRICE

$2,350

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 6.23%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,088

INVESTMENT

$111,088

Down Payment
$99,375
Rehab Estimate
$5,750
Closing Costs
$5,963

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,467

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,375
Loan Amount $298,125
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,564

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,443

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,3504$2,4005$2,550
$2,550
RENT COMPS ANALYSIS
  • 908 Santa Fe Trail Irving, TX 3
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.98
    •  
  • 9405 Apple Way Irving, TX 1
    • 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 1990
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.03
    •  
  • 701 Canal Street Irving, TX 2
    • 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 1994
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
  • 9417 Western Trail Irving, TX 4
    • 4 beds 2 baths ∙ 2,342 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,342 Sqft ∙ Built 1997
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.02
    •  
  • 9409 Abbey Road Irving, TX 5
    • 3 beds 3 baths ∙ 2,527 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,527 Sqft ∙ Built 1990
    property image
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.01
    •  
PROPERTY LISTING DETAILS
Brent Malcolm
Century 21 Judge Fite Co.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417565
Last Updated: 08/24/2020
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