Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9102 Cumberland Drive Irving, TX 75063

3 Beds 3 Baths 1,714 sqft Built 1991

$344,999

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $201.28
  • 4 Days on Market
  • MLS # : 14526219
  • Updated Date : 03/06/2021 at 19:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,714 sqft
  • Baths : 2 full , 1 half
Listing Agent

Rupani & Mathew Llc

Listing Agent's Description

In in the heart of Valley Ranch & Coppell ISD with 3 bedrooms, 2.1 baths, 2 living areas. Solid hardwood floors, updated granite kitchen, remodeled baths, designer lighting & fixtures. Two-story foyer with chandelier and stairs with updated wood treads. Large vaulted great room flows into dining room & kitchen. Sunny eat-in kitchen has granite, custom backsplash, farm sink, designer lighting, ss dbl ovens & slider to yard. Vaulted main floor master features yard access + remodeled en suite bath w skylight and frameless glass shower. Loft living area, 2 large bedrooms & updated full bath up. Lovely patio + sprinklers.

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: 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
 

$310,499$379,499$344,999

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,198
Property Tax -$762
Property Insurance -$126
HOA -$38
Property Management Fees -$99
CASH FLOW
-$323

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.

$344,999

PROJECTED PRICE

$1,900

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.3%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,749
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$686

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,911

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9003$1,9004$1,9005$2,100
$2,100
RENT COMPS ANALYSIS
  • 9102 Cumberland Drive Irving, TX 4
    • 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,714 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.11
    •  
  • 633 Fiesta Circle Irving, TX 1
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1984
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.05
    •  
  • 308 Pecos Trail Irving, TX 2
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1988
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.14
    •  
  • 302 Cimarron Trail Irving, TX 3
    • 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1984
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.17
    •  
  • 734 Marble Canyon Circle Irving, TX 5
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1987
    property image
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.10
    •  
PROPERTY LISTING DETAILS
Mathew Puthoor
Rupani & Mathew Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14526219
Last Updated: 03/06/2021
BESbswy