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9805 Trinity Drive Oak Point, TX 75068

4 Beds 4 Baths 3,787 sqft Built 2016

$625,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $165.04
  • 5 Days on Market
  • MLS # : 14528362
  • Updated Date : 03/10/2021 at 12:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,787 sqft
  • Baths : 4 full
Listing Agent

Fathom Realty

Listing Agent's Description

Welcome home to this recently built Plantation home with curb appeal for days! Sitting on a 60 foot lot and conveniently located across from one of several community green spaces, this stunner boasts 4 beds, 4 full baths, study, upstairs game room, and media room. Car fan or need room for the golf cart? The 3 car garage gives you all the room you need for your toys. The beautiful kitchen's double ovens and farm house sink make it easy to prep even the largest of meals while gathered around the oversized island. Cozy up in the living room or enjoy the holidays gathered around the table in the double height dining room. If that's not enough, crank up the outdoor fire place and take in those Texas sunsets.

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

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
 

$562,500$687,500$625,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,171
Property Tax -$1,265
Property Insurance -$246
HOA -$100
Property Management Fees -$99
CASH FLOW
-$1,261

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.

$625,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.42%

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$500k$1.0M$1.5M$2.0M

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$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,750
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$68

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,499

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$2,6203$2,995
$2,995
RENT COMPS ANALYSIS
  • 9805 Trinity Drive Oak Point, TX 2
    • 4 beds 4 baths ∙ 3,787 Sqft ∙ Built 2016 4 beds 4 baths ∙ 3,787 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.69
    •  
  • 901 Lake Grove Drive Little Elm, TX 1
    • 5 beds 4 baths ∙ 3,566 Sqft ∙ Built 2010 5 beds 4 baths ∙ 3,566 Sqft ∙ Built 2010
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.48
    •  
  • 1025 Lake Hollow Drive Little Elm, TX 3
    • 4 beds 4 baths ∙ 3,555 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,555 Sqft ∙ Built 2008
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.84
    •  
PROPERTY LISTING DETAILS
Tyler Hall
Fathom Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14528362
Last Updated: 03/10/2021
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