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9704 Valley Ranch Parkway Irving, TX 75063

3 Beds 3 Baths 2,189 sqft Built 1995

$379,000

List Price

$2,370

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $173.14
  • 6 Days on Market
  • MLS # : 14489619
  • Updated Date : 12/22/2020 at 10:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,189 sqft
  • Baths : 2 full , 1 half
Listing Agent

Starpro Realty Inc.

Listing Agent's Description

Gorgeous East Facing 3 Bedroom,2.5 Baths, Covered Patio in Prime Valley Ranch Neighborhood and Coppell ISD. Light and open 2 story floor plan with Wood-grain vinyl plank in Living and Family, Fresh new paint, Kitchen with updated back splash, built in Microwave and Oven and Gas cooktop, Master bath remodeled with new shower glass and wall tiles. Don't miss this property,

SEE MORE

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: Grand Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $107k575k

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

Neighborhood: Grand Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $10433378

* 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
 

$341,100$416,900$379,000

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,398
Property Tax -$837
Property Insurance -$154
HOA -$48
Property Management Fees -$99
CASH FLOW
-$167

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.

$379,000

PROJECTED PRICE

$2,370

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.00%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$7,373

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $2,375

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,299
1$2,2992$2,3003$2,3004$2,3505$2,370
$2,370
RENT COMPS ANALYSIS
  • 9704 Valley Ranch Parkway Irving, TX 5
    • 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,189 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $1.08
    •  
  • 9716 Valley Ranch Parkway Irving, TX 1
    • 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1995
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $1.08
    •  
  • 9720 Windy Hollow Drive Irving, TX 2
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1993
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.12
    •  
  • 9612 Cliffside Drive Irving, TX 3
    • 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,155 Sqft ∙ Built 1996
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.07
    •  
  • 9703 Windy Hollow Drive Irving, TX 4
    • 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 1992
    property image
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.07
    •  
PROPERTY LISTING DETAILS
Ram Konara
Starpro Realty Inc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14489619
Last Updated: 12/22/2020
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