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9121 Blackstone Drive Providence Village, TX 76227

3 Beds 4 Baths 2,727 sqft Built 2014

$309,900

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $113.64
  • 3 Days on Market
  • MLS # : 14540434
  • Updated Date : 03/26/2021 at 23:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,727 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Welcome home! Come and sit on this great front porch and watch the kids play! Inside you will find a home office with a built in Murphy bed just off the entry! Large family room with cozy fireplace that opens up to the kitchen and breakfast area. Wall of window overlooks your backyard - which is great size! Plenty of cabinets for storage and counter tops for meal prep in this wonderful kitchen. Upstairs you will find a large game room with lots of storage, two good size bedrooms two full baths. Master retreat with electric fireplace and totally updated master bath! Attention to detail is evident through out this great home! Backyard has covered patio, swing set area, garden area and lots of grass area.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,076
Property Tax -$662
Property Insurance -$185
HOA -$60
Property Management Fees -$99
CASH FLOW
-$13

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.

$309,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.67%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,076

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$11,589

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,195

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0503$2,0704$2,1005$2,275
$2,275
RENT COMPS ANALYSIS
  • 9121 Blackstone Drive Providence Village, TX 3
    • 3 beds 4 baths ∙ 2,727 Sqft ∙ Built 2014 3 beds 4 baths ∙ 2,727 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.76
    •  
  • 6017 Myers Court Providence Village, TX 1
    • 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 2017
    LEASED 03/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.75
    •  
  • 9101 Blackstone Drive Aubrey, TX 2
    • 3 beds 3 baths ∙ 2,533 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,533 Sqft ∙ Built 2014
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.81
    •  
  • 9108 Benevolent Court Aubrey, TX 4
    • 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 2014
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
  • 9001 Cranston Court Providence Village, TX 5
    • 3 beds 3 baths ∙ 2,728 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,728 Sqft ∙ Built 2014
    LEASED 12/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.83
    •  
PROPERTY LISTING DETAILS
Laura Brewer
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14540434
Last Updated: 03/26/2021
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