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921 Creekhollow Court Keller, TX 76248

4 Beds 4 Baths 3,575 sqft Built 2000

$430,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $120.28
  • 3 Days on Market
  • MLS # : 14499808
  • Updated Date : 01/16/2021 at 08:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,575 sqft
  • Baths : 3 full , 1 half
Listing Agent

Compass Re Texas, Llc.

Listing Agent's Description

Open house Jan, 16TH 12-2. GORGEOUS 4 bedroom 3 and a half both home in Keller ISD! Home features an open floor plan concept, wood look tile floors, BRAND NEW carpet, FRESH paint throughout, and new tile flooring in upstairs bathrooms. Gourmet kitchen with island and stainless steel appliances has been reimagined with quartz countertops, tile backsplash, and freshly painted white cabinetry. Kitchen overlooks living room, perfect for entertaining. Master suite has double vanities, separate tub and shower, walk in closet, and is conveniently located on the main floor. 2 full baths, 3 bedrooms, and game room upstairs. This home is MOVE IN READY and A MUST SEE before it’s too late!

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: Highland Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k413k

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

Neighborhood: Highland Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262777

* 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
Shady Grove Elementary School Primary Regular 458 32 8
Indian Springs Middle School Middle Regular 869 53 8
Keller High School High Regular 2,645 145 10

Shady Grove Elementary School

  • Education Level: Primary
  • # of students: 458
  • # of teachers: 32
8
GreatSchools Rating

Indian Springs Middle School

  • Education Level: Middle
  • # of students: 869
  • # of teachers: 53
8
GreatSchools Rating

Keller High School

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

$387,000$473,000$430,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$1,494
Property Tax -$902
Property Insurance -$234
HOA -$47
Property Management Fees -$99
CASH FLOW
$165

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.

$430,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.5%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$31,335

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $3,334

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,940
1$2,9402$3,0003$3,0004$3,1905$3,395
$3,395
RENT COMPS ANALYSIS
  • 921 Creekhollow Court Keller, TX 1
    • 3 beds 4 baths ∙ 3,575 Sqft ∙ Built 2000 3 beds 4 baths ∙ 3,575 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $0.82
    •  
  • 1316 Ashmore Drive Keller, TX 2
    • 4 beds 4 baths ∙ 3,362 Sqft ∙ Built 2002 4 beds 4 baths ∙ 3,362 Sqft ∙ Built 2002
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.89
    •  
  • 8105 Seville Drive North Richland Hills, TX 3
    • 4 beds 3 baths ∙ 3,427 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,427 Sqft ∙ Built 2006
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.88
    •  
  • 1545 Briar Meadow Drive Keller, TX 4
    • 4 beds 4 baths ∙ 3,317 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,317 Sqft ∙ Built 1998
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,190
    • $0.96
    •  
  • 1314 Haddington Lane Keller, TX 5
    • 4 beds 4 baths ∙ 3,383 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,383 Sqft ∙ Built 2001
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $1.00
    •  
PROPERTY LISTING DETAILS
Tony Green
Compass Re Texas, Llc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14499808
Last Updated: 01/16/2021
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