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9512 White Birch Trail Argyle, TX 76226

4 Beds 3 Baths 2,862 sqft Built 2020

$623,130

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $217.73
  • 5 Days on Market
  • MLS # : 14463045
  • Updated Date : 10/30/2020 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,862 sqft
  • Baths : 3 full
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14463045 - Built by Highland Homes - Ready Now! ~ Extras: free-standing tub & rain shower head in master bath, slider doors from family room to patio, patio fireplace, mud bench, cul-de-sac lot, grade tiles, carpet, tops.

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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: Lantana

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $123k575k

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

Neighborhood: Lantana

ZipNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263378

* 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
Blanton Elementary School Primary Regular 575 37 9
Harpool Middle School Middle Regular 914 61 9
John H. Guyer High School High Regular 2,395 162 8

Blanton Elementary School

  • Education Level: Primary
  • # of students: 575
  • # of teachers: 37
9
GreatSchools Rating

Harpool Middle School

  • Education Level: Middle
  • # of students: 914
  • # of teachers: 61
9
GreatSchools Rating

John H. Guyer High School

  • Education Level: High
  • # of students: 2,395
  • # of teachers: 162
8
GreatSchools Rating
 

$560,817$685,443$623,130

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,299
Property Tax -$1,239
Property Insurance -$193
HOA -$121
Property Management Fees -$99
CASH FLOW
-$1,031

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.

$623,130

PROJECTED PRICE

$2,920

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 4.1%
Maintenance Year (1-5) 3.00%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,129

INVESTMENT

$167,129

Down Payment
$155,783
Rehab Estimate
$2,000
Closing Costs
$9,347

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$2,299

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $155,783
Loan Amount $467,348
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$58

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,934

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,650
1$2,6502$2,9203$3,0004$3,0955$3,195
$3,195
RENT COMPS ANALYSIS
  • 9512 White Birch Trail Lantana, TX 2
    • 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.02
    •  
  • 1130 Noble Avenue Lantana, TX 1
    • 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2002
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.01
    •  
  • 1660 Bonham Parkway Lantana, TX 3
    • 5 beds 4 baths ∙ 3,064 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,064 Sqft ∙ Built 2001
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.98
    •  
  • 1240 Wilson Drive Lantana, TX 4
    • 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,930 Sqft ∙ Built 2007
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,095
    • $1.06
    •  
  • 1101 Fortner Road Lantana, TX 5
    • 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,037 Sqft ∙ Built 2010
    property image
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,195
    • $1.05
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Highland Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463045
Last Updated: 10/30/2020
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