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909 Shoreline Court Keller, TX 76248

4 Beds 4 Baths 3,873 sqft Built 2006

$725,000

List Price

$3,730

$3.5K - $4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $187.19
  • 4 Days on Market
  • MLS # : 14531441
  • Updated Date : 03/12/2021 at 09:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,873 sqft
  • Baths : 3 full , 1 half
Listing Agent

Briggs Freeman Sotheby's Int'l

Listing Agent's Description

Nestled on a quiet cul-de-sac lot in the desirable Retreat at Hidden Lakes Addition, this beautifully updated luxury home will delight the most discerning of buyers! The chef’s kitchen was taken back to the studs & redesigned with an abundance of custom cabinetry, built in “high end” appliances including a six-burner gas range, built in refrigerator, and double oven-microwave combination. The kitchen opens to the bright family room with floor to ceiling windows and overlooks the impeccable outdoor “living” space that will be a centerpiece year-round. With four bedrooms, three and half baths, a pool-hot tub, large cul-de-sac lot and a three-car garage with gated courtyard, there is a space for everyone to enjoy!

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Zip Code: 76248

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262728

* 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
Hidden Lakes Elementary School Primary Regular 451 34 8
Keller High School High Regular 2,645 145 10
Keller High School High Unknown NA

Hidden Lakes Elementary School

  • Education Level: Primary
  • # of students: 451
  • # of teachers: 34
8
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students: 2,645
  • # of teachers: 145
10
GreatSchools Rating

Keller High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$652,500$797,500$725,000

PURCHASE PRICE

$3,357$4,103$3,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,730
EXPENSES Loan Payment -$2,518
Property Tax -$1,521
Property Insurance -$251
HOA -$55
Property Management Fees -$99
CASH FLOW
-$714

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.

$725,000

PROJECTED PRICE

$3,730

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$197,875

INVESTMENT

$197,875

Down Payment
$181,250
Rehab Estimate
$5,750
Closing Costs
$10,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,518

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $181,250
Loan Amount $543,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$927

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,730

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,728

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,4003$3,7304$4,0005$4,300
$4,300
RENT COMPS ANALYSIS
  • 909 Shoreline Court Keller, TX 3
    • 4 beds 4 baths ∙ 3,873 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,873 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,730
    • $0.96
    •  
  • 605 Signet Court Keller, TX 1
    • 4 beds 4 baths ∙ 3,800 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,800 Sqft ∙ Built 1998
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.87
    •  
  • 2207 Bayou Court Keller, TX 2
    • 4 beds 4 baths ∙ 3,538 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,538 Sqft ∙ Built 2000
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.96
    •  
  • 3230 Creek Road Keller, TX 4
    • 4 beds 5 baths ∙ 4,000 Sqft ∙ Built 2000 4 beds 5 baths ∙ 4,000 Sqft ∙ Built 2000
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.00
    •  
  • 900 Venice Avenue Southlake, TX 5
    • 4 beds 4 baths ∙ 4,200 Sqft ∙ Built 2003 4 beds 4 baths ∙ 4,200 Sqft ∙ Built 2003
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
Robert Tyson
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 #: 14531441
Last Updated: 03/12/2021
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