Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9611 Wolf Creek Drive Irving, TX 75063

5 Beds 3 Baths 3,419 sqft Built 1993

$575,000

List Price

$2,890

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $168.18
  • 2 Days on Market
  • MLS # : 14501905
  • Updated Date : 03/06/2021 at 11:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,419 sqft
  • Baths : 3 full
Listing Agent

Darla Barnes

Listing Agent's Description

Stunning curb appeal from this beautiful spacious one owner home with attention to detail. Luxury finishes with formal dining room, office with sliding barn door, open concept kitchen granite, new cabinets, backsplash, stainless appliances, breakfast area. Wood floors throughout. Spacious master up featuring dual sinks with quartz and new tile flooring into large closet. Flex space used as a game, media or 2nd living area. Main level bedroom with full bath could also be used as a 2nd office. Private 8’ fenced backyard with covered patio and deck perfect for entertaining. Overlooking pool with water feature surrounded by lush landscaping. See complete list of updated features in documents too many to mention.

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

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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,601$3,179$2,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,890
EXPENSES Loan Payment -$1,997
Property Tax -$1,271
Property Insurance -$225
HOA -$59
Property Management Fees -$99
CASH FLOW
-$761

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.

$575,000

PROJECTED PRICE

$2,890

PROJECTED RENT

0.50%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$29

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,890

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,855

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,750
1$2,7502$2,8003$2,8904$2,9005$2,950
$2,950
RENT COMPS ANALYSIS
  • 9611 Wolf Creek Drive Irving, TX 3
    • 5 beds 3 baths ∙ 3,419 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,419 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,890
    • $0.85
    •  
  • 9263 Jasmine Lane Irving, TX 1
    • 4 beds 4 baths ∙ 3,434 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,434 Sqft ∙ Built 2001
    LEASED 02/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.80
    •  
  • 10114 Sandbar Drive Irving, TX 2
    • 5 beds 4 baths ∙ 3,571 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,571 Sqft ∙ Built 2006
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.78
    •  
  • 10415 Mateo Trail Irving, TX 4
    • 4 beds 4 baths ∙ 3,242 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,242 Sqft ∙ Built 2003
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $0.89
    •  
  • 9108 Bottlebrush Lane Irving, TX 5
    • 4 beds 3 baths ∙ 3,410 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,410 Sqft ∙ Built 2001
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.87
    •  
PROPERTY LISTING DETAILS
Darla Barnes
Darla Barnes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14501905
Last Updated: 03/06/2021
BESbswy