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9515 Windy Hollow Drive Irving, TX 75063

4 Beds 3 Baths 2,499 sqft Built 1995

$450,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $180.07
  • 3 Days on Market
  • MLS # : 14493861
  • Updated Date : 01/09/2021 at 21:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,499 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Dfw Associates

Listing Agent's Description

Is this the one you have been looking for in a fabulous location? 4 Bdrm, 2.5 baths, 1 story home in VR with CoppellISD is ready for a new owner. Pride of ownership shows throughout the home. Spacious floorplan, fantastic updates, recent paint, granite counters, updated bath and oh so awesome master closet with a secret closet, Crown molding added in several spaces, plantations shutters, and hard to find 2499 sqft on 1 level. Fantastic backyard with a pool, gorgeous front yard landscaping, roof replaced in 2018, 21 SEER Lennox HVAC and so much more. Create extra space in the backyard by putting an electric gate on the driveway for the kids to play. Offer deadline is 8pm Sun. All info in Docs incl instructions

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Hollows of Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $107k435k

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

Neighborhood: Hollows of Valley Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10432618

* 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,563
Property Tax -$994
Property Insurance -$172
HOA -$41
Property Management Fees -$99
CASH FLOW
-$379

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.

$450,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
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$6.0k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,366

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,499

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,490
1$2,4902$2,4953$2,5504$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 9515 Windy Hollow Drive Irving, TX 1
    • 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.00
    •  
  • 9615 Windy Hollow Drive Irving, TX 2
    • 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 1993
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.98
    •  
  • 9507 Windy Hollow Drive Irving, TX 3
    • 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,492 Sqft ∙ Built 1993
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.02
    •  
  • 9709 Raven Lane Irving, TX 4
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1996
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
  • 9506 Windyhollow Drive Irving, TX 5
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 1996
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.01
    •  
PROPERTY LISTING DETAILS
Radhi Shah
Re/max Dfw Associates
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14493861
Last Updated: 01/09/2021
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