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9201 Masse Court Providence Village, TX 76227

3 Beds 3 Baths 2,264 sqft Built 2008

$265,900

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $117.45
  • 7 Days on Market
  • MLS # : 14482020
  • Updated Date : 12/23/2020 at 14:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,264 sqft
  • Baths : 2 full , 1 half
Listing Agent

Call It Closed Realty

Listing Agent's Description

Rare VISION Home with custom floor plan. This immaculate Cape Cod-style home sits at end of cul-de-sac with no thru traffic. Relax on covered front porch or upper balcony that stretches width of home. Entertain guests on oversized deck with crepe myrtle privacy border. 14 x 12 shed for tools or workshop. Downstairs boasts open flow with kitchen island and eat-in overlooking family room with hardwoods. Stretch out in the massive 2nd floor GAME ROOM. Master retreat with reading nook and en-suite bathroom: separate garden tub. HVAC 2019 w NEST System, GE Water softener system, upgrades to kitchen 2020. WALK to Elementary school, Community Center, BBall & Tennis Courts, and Ponds.

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: Island Village at Providence

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $117k336k

* 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
 

$239,310$292,490$265,900

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$981
Property Tax -$522
Property Insurance -$158
HOA -$120
Property Management Fees -$99
CASH FLOW
-$70

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.

$265,900

PROJECTED PRICE

$1,810

PROJECTED RENT

0.68%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$76,214

INVESTMENT

$76,214

Down Payment
$66,475
Rehab Estimate
$5,750
Closing Costs
$3,989

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$981

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,475
Loan Amount $199,425
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$8,224

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,834

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7354$1,7955$1,810
$1,810
RENT COMPS ANALYSIS
  • 9201 Masse Court Aubrey, TX 5
    • 3 beds 3 baths ∙ 2,264 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,264 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.80
    •  
  • 9024 Greene Drive Aubrey, TX 1
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2013
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 9216 Westminster Drive Providence Village, TX 2
    • 3 beds 2 baths ∙ 2,168 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,168 Sqft ∙ Built 2007
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 1821 Prospect Lane Providence Village, TX 3
    • 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2007
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.83
    •  
  • 9317 Masse Court Aubrey, TX 4
    • 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,176 Sqft ∙ Built 2005
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
PROPERTY LISTING DETAILS
Erin Bogar
Call It Closed Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14482020
Last Updated: 12/23/2020
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