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9517 Voyager Vista Oak Point, TX 75068

4 Beds 3 Baths 2,891 sqft Built 2019

$437,900

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $151.47
  • 8 Days on Market
  • MLS # : 14497240
  • Updated Date : 01/10/2021 at 19:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,891 sqft
  • Baths : 3 full
Listing Agent

Re/max Cross Country

Listing Agent's Description

If you love seclusion, nature trails & fishing ponds, you'll love this Wildridge Subd w-comm. pool! WHY WAIT FOR NEW CONSTRUCTION WHEN THIS ONE IS READY NOW & IS BETTER THAN NEW W-OVER $50K IN UPGRADES! Even nicer than the model! You'll love the open floor plan which has 4 br's PLUS media, PLUS study-office! Br. 2 is a mother-in-law suite with full bath! Oversized 3 CAR GARAGE! Amazing kit.has Lg. granite island & tops, st.stl. appl, & gas cooktop. Some extras are: Sec & Sprk systm, gas tankless HWH, plantation shutters, stone gas log fireplace & a back yard with total privacy, extended cov'd patio w-gas connection. Mr. & Mrs. OCD live here! Seller leaves the frig, washer & dryer with full price offer! 1 STORY!

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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

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
Oak Point Elementary School Primary Regular 617 39 6
Lakeside Middle School Middle Regular 1,181 69 3
Little Elm High School High Regular 1,866 97 6

Oak Point Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 39
6
GreatSchools Rating

Lakeside Middle School

  • Education Level: Middle
  • # of students: 1,181
  • # of teachers: 69
3
GreatSchools Rating

Little Elm High School

  • Education Level: High
  • # of students: 1,866
  • # of teachers: 97
6
GreatSchools Rating
 

$394,110$481,690$437,900

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,521
Property Tax -$871
Property Insurance -$194
HOA -$84
Property Management Fees -$99
CASH FLOW
-$179

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.

$437,900

PROJECTED PRICE

$2,590

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 7.6%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,794

INVESTMENT

$121,794

Down Payment
$109,475
Rehab Estimate
$5,750
Closing Costs
$6,569

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,521

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,475
Loan Amount $328,425
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,570

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,587

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,390
1$2,3902$2,4003$2,5904$2,7505$2,775
$2,775
RENT COMPS ANALYSIS
  • 9517 Voyager Vista Oak Point, TX 3
    • 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,891 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $0.90
    •  
  • 1608 Silver Lane Aubrey, TX 1
    • 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 2017
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $0.87
    •  
  • 1616 Clayton Lane Aubrey, TX 2
    • 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2017
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
  • 9820 Forester Trail Oak Point, TX 4
    • 4 beds 4 baths ∙ 3,045 Sqft ∙ Built 2018 4 beds 4 baths ∙ 3,045 Sqft ∙ Built 2018
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.90
    •  
  • 9804 Excursion Drive Little Elm, TX 5
    • 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,950 Sqft ∙ Built 2018
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,775
    • $0.94
    •  
PROPERTY LISTING DETAILS
Lee B Holtzman
Re/max Cross Country
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14497240
Last Updated: 01/10/2021
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