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9406 Blue Jay Way Irving, TX 75063

3 Beds 3 Baths 2,053 sqft Built 1989

$329,800

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $160.64
  • 5 Days on Market
  • MLS # : 14463051
  • Updated Date : 10/30/2020 at 20:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,053 sqft
  • Baths : 2 full , 1 half
Listing Agent

Scott Neal Real Estate

Listing Agent's Description

Nestled in the Heart of Valley Ranch in Coppell ISD, you will love this Pride in Ownership 2 Story Home with a 3D Architectural Design throughout. Pre Inspected & Loaded with Updates, this Move in Ready Delight features a New Roof & HVAC, Gutters, Reengineered Glass Countertops, Updated Bathrooms & Fixtures, Crown Molding, Romeo & Juliet Balcony & much more! Spacious Formal Dining includes a Wet Bar and Tier Ceilings. Bright and Open Family Room with Vaulted Ceilings, Updated Fan, and a Beautifully Appointed Fireplace. Owners Retreat boasts a Cozy Fireplace, His & Her Sinks, Jetted Tub, Separate Walk in Shower & Closet. Backyard leaves lots of room to play, an open patio, and lovely shade trees.

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: Mandolin Collection

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $107k575k

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

Neighborhood: Mandolin Collection

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10433378

* 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
 

$296,820$362,780$329,800

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,217
Property Tax -$729
Property Insurance -$146
HOA -$96
Property Management Fees -$99
CASH FLOW
-$136

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.

$329,800

PROJECTED PRICE

$2,150

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.37%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,147

INVESTMENT

$93,147

Down Payment
$82,450
Rehab Estimate
$5,750
Closing Costs
$4,947

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,217

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,450
Loan Amount $247,350
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,536

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,151

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1503$2,1504$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 9406 Blue Jay Way Irving, TX 3
    • 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,053 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.05
    •  
  • 903 Canal Street Irving, TX 1
    • 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,930 Sqft ∙ Built 1989
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.09
    •  
  • 825 Canal Street Irving, TX 2
    • 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,060 Sqft ∙ Built 1990
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.04
    •  
  • 9405 Apple Way Irving, TX 4
    • 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 1990
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.03
    •  
  • 701 Canal Street Irving, TX 5
    • 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 1994
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
PROPERTY LISTING DETAILS
Scott Neal
Scott Neal Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463051
Last Updated: 10/30/2020
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