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9508 Oxbow Lane Little Elm, TX 75068

4 Beds 4 Baths 3,268 sqft Built 2020

$427,900

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $130.94
  • 3 Days on Market
  • MLS # : 14466703
  • Updated Date : 11/06/2020 at 16:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,268 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Mike Bowman, Inc.

Listing Agent's Description

MOVE-IN READY - This 4 bed, 3.5 bath home with Study, Game room & Media room with pre-wire boasts a unique 2-story rotunda at entry & many beautiful selections. California island opens to breakfast nook & family room that has 20ft ceilings & FP. Quartz countertops, stainless gas appliances, walk in pantry. The spacious main level master includes oversize shower with bench, garden tub, dual sinks & 8ft doors. Expansive upstairs level features large bedrooms, walk in closets & great entertainment areas for friends & family. Escape the Texas sun beneath large covered rear patio or at nearby community pool and park. This energy efficient family size home & fabulous community will not disappoint! Chessel plan.

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

Zip Code: 75068

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75068

ZipNIR 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
Cross Oaks Elementary School Primary Regular 596 40 6
Navo Middle School Middle Regular 1,077 65 7
Billy Ryan High School High Regular 2,409 170 5

Cross Oaks Elementary School

  • Education Level: Primary
  • # of students: 596
  • # of teachers: 40
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Billy Ryan High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 170
5
GreatSchools Rating
 

$385,110$470,690$427,900

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,579
Property Tax -$897
Property Insurance -$216
HOA -$63
Property Management Fees -$99
CASH FLOW
-$523

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$427,900

PROJECTED PRICE

$2,330

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k

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$115,394

INVESTMENT

$115,394

Down Payment
$106,975
Rehab Estimate
$2,000
Closing Costs
$6,419

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,975
Loan Amount $320,925
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,330

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,320

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1993$2,2504$2,2755$2,330
$2,330
RENT COMPS ANALYSIS
  • 9508 Oxbow Lane Little Elm, TX 5
    • 4 beds 4 baths ∙ 3,268 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,268 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,330
    • $0.71
    •  
  • 1616 Lake Way Drive Little Elm, TX 1
    • 4 beds 3 baths ∙ 2,926 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,926 Sqft ∙ Built 2009
    property image
    LEASED 08/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.73
    •  
  • 1808 Lake Wood Trail Little Elm, TX 2
    • 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 2017 4 beds 3 baths ∙ 3,200 Sqft ∙ Built 2017
    property image
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.69
    •  
  • 831 Lake Forest Trail Little Elm, TX 3
    • 5 beds 4 baths ∙ 3,346 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,346 Sqft ∙ Built 2006
    property image
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.67
    •  
  • 824 Lake Meadow Lane Little Elm, TX 4
    • 4 beds 3 baths ∙ 3,028 Sqft ∙ Built 2015 4 beds 3 baths ∙ 3,028 Sqft ∙ Built 2015
    property image
    LEASED 08/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.75
    •  
PROPERTY LISTING DETAILS
Denise Batdorf
Century 21 Mike Bowman, Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14466703
Last Updated: 11/06/2020
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