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925 Parker Drive Coppell, TX 75019

4 Beds 4 Baths 3,151 sqft Built 1993

INVESTimate

$430,000

List Price

$2,800

$2,550 - $3,050

Rent Est.

$454,295  ( +5.65%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $136.46
  • 5 Days on Market
  • MLS # : 14417148
  • Updated Date : 08/22/2020 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,151 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty-fm

Listing Agent's Description

Located in the highly sought after Lakes of Coppell, this home is your personal oasis from life's challenges! Backing up to Denton Creek, enjoy the sights and sounds of nature, with acres of woods on the other side of the creek. Inside, enjoy the Bamboo wood floors starting from the entry. The kitchen, complete with granite counters and stainless steel appliances, opens to the living area. A wood burning fireplace is in the living area, with views to the creek and woods. The primary master bedroom is on the first floor, with views to the creek. The master bath has an additional feature that you will see behind the cabinets by the tub. The 2nd master bedroom is upstairs, along with 2 other bedrooms, and more!

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: Villages of Coppell

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $123k448k

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

Neighborhood: Villages of Coppell

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $11262695

* 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
Lakeside Elementary School Primary Regular 504 32 10
Coppell Middle North Middle Regular 909 59 9
Coppell High School High Regular 3,136 192 8

Lakeside Elementary School

  • Education Level: Primary
  • # of students: 504
  • # of teachers: 32
10
GreatSchools Rating

Coppell Middle North

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 59
9
GreatSchools Rating

Coppell High School

  • Education Level: High
  • # of students: 3,136
  • # of teachers: 192
8
GreatSchools Rating
 

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

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$1,587
Property Tax -$963
Property Insurance -$209
HOA -$31
Property Management Fees -$99
CASH FLOW
-$89

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

$2,800

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.65%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

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

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$15,415

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $3,049

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,795
1$2,7952$2,8003$2,9504$3,0005$3,400
$3,400
RENT COMPS ANALYSIS
  • 925 Parker Drive Coppell, TX 2
    • 4 beds 4 baths ∙ 3,151 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,151 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.89
    •  
  • 1025 Basilwood Drive Coppell, TX 1
    • 4 beds 4 baths ∙ 3,001 Sqft ∙ Built 1995 4 beds 4 baths ∙ 3,001 Sqft ∙ Built 1995
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.93
    •  
  • 970 Burns Crossing Coppell, TX 3
    • 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 1994 4 beds 3 baths ∙ 3,120 Sqft ∙ Built 1994
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.95
    •  
  • 986 Village Parkway Coppell, TX 4
    • 4 beds 4 baths ∙ 3,163 Sqft ∙ Built 1994 4 beds 4 baths ∙ 3,163 Sqft ∙ Built 1994
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.95
    •  
  • 510 Beverly Drive Coppell, TX 5
    • 4 beds 4 baths ∙ 3,277 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,277 Sqft ∙ Built 1993
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.04
    •  
PROPERTY LISTING DETAILS
Candi Munguia
Keller Williams Realty-fm
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417148
Last Updated: 08/22/2020
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