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9433 Blue Jay Way Irving, TX 75063

4 Beds 3 Baths 2,403 sqft Built 1988

$369,900

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $153.93
  • 3 Days on Market
  • MLS # : 14490640
  • Updated Date : 12/25/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,403 sqft
  • Baths : 3 full
Listing Agent

Nb Elite Realty

Listing Agent's Description

Sought after Coppell ISD. Minutes from Airport. Excellent connectivity from 121 and 635. Master BR features a fireplace, dual sinks and walking closets. Convenient laundry room up. Enjoy private outdoor living on the patio and grassy area. Corner lot allows for an abundance of natural light. New roof 2018, new fence and garage doors 2016. Great community with jogging trails, canals, parks. Located close to highways, shopping and entertainment. Come, see and make it your home....

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
 

$332,910$406,890$369,900

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,365
Property Tax -$817
Property Insurance -$166
HOA -$55
Property Management Fees -$99
CASH FLOW
$38

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.

$369,900

PROJECTED PRICE

$2,540

PROJECTED RENT

0.69%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$21,856

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,540

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,481

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,4504$2,5405$2,595
$2,595
RENT COMPS ANALYSIS
  • 9433 Blue Jay Way Irving, TX 4
    • 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,403 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $1.06
    •  
  • 9436 Ponderosa Trail Irving, TX 1
    • 3 beds 2 baths ∙ 2,250 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,250 Sqft ∙ Built 1997
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.00
    •  
  • 701 Canal Street Irving, TX 2
    • 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,227 Sqft ∙ Built 1994
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
  • 9324 Ponderosa Trail Irving, TX 3
    • 3 beds 2 baths ∙ 2,250 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,250 Sqft ∙ Built 1995
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.09
    •  
  • 9416 Abbey Road Irving, TX 5
    • 4 beds 4 baths ∙ 2,580 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,580 Sqft ∙ Built 1990
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.01
    •  
PROPERTY LISTING DETAILS
Rajesh Singh
Nb Elite Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14490640
Last Updated: 12/25/2020
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