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9509 Oxbow Lane Little Elm, TX 75068

4 Beds 4 Baths 2,698 sqft Built 2020

INVESTimate

$391,454

List Price

$2,300

$2,070 - $2,530

Rent Est.

$421,087  ( +7.57%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $145.09
  • 8 Days on Market
  • MLS # : 14416410
  • Updated Date : 08/20/2020 at 04:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,698 sqft
  • Baths : 3 full , 1 half
Listing Agent

David M. Weekley

Listing Agent's Description

Enjoy this streamlined comforts and bold luxuries of the Brays Plan. The open concept floor plan includes soaring ceilings and a scenic backyard view. The kitchen features a sleek island, walk in pantry, an abundance of cabinets and counter space, and stainless appliance package. The study in enclosed with French doors and has easy access to the private powder room. The master suite provides a personal sanctuary with an extended closet. Gather together for movie nights in the upstairs retreat or enjoy the quiet covered patio overlooking the 40' deep backyard and no home behind you! The secondary bedrooms offer space to grow. 2x6 walls, tankless water heaters, 16 SEER variable speed HVAC and much more!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

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
 

$352,309$430,599$391,454

PURCHASE PRICE

$2,070$2,530$2,300

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

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 $2,300
EXPENSES Loan Payment -$1,444
Property Tax -$821
Property Insurance -$183
HOA -$60
Property Management Fees -$99
CASH FLOW
-$307

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.

$391,454

PROJECTED PRICE

$2,300

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.57%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,735

INVESTMENT

$105,735

Down Payment
$97,864
Rehab Estimate
$2,000
Closing Costs
$5,872

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,444

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,864
Loan Amount $293,591
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,643

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,307

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,3004$2,3905$2,500
$2,500
RENT COMPS ANALYSIS
  • 9509 Oxbow Lane Little Elm, TX 3
    • 4 beds 4 baths ∙ 2,698 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,698 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.85
    •  
  • 813 Lake Forest Trail Little Elm, TX 1
    • 5 beds 4 baths ∙ 2,701 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,701 Sqft ∙ Built 2006
    property image
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 1328 Red River Drive Aubrey, TX 2
    • 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,519 Sqft ∙ Built 2015
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 1608 Silver Lane Aubrey, TX 4
    • 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2017
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.87
    •  
  • 1616 Clayton Lane Aubrey, TX 5
    • 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2017
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
PROPERTY LISTING DETAILS
Jimmy Rado
David M. Weekley
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14416410
Last Updated: 08/20/2020
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