9809 Echo Summit Dr — Oak Point, TX | Greystone Deal Calculator

9809 Echo Summit Dr, Oak Point, TX 75068

4 BD / 2 BA · 2,266 sqft · First United Bank REO · List Price: $399,000 · Agent: Adam Lile | Robert Elliot

Little Elm ISD Oak Point, TX 75068 Fix & Flip BRRRR Mid-Term Rental

Fix & Flip

BRRRR / Refi+Rent

Mid-Term Rental

Property & Project — Oak Point

Purchase Price (Offer)$360,000

After Repair Value (ARV)$460,000

Rehab Cost (Base)$40,000

Rehab Contingency %10%

Purchase Closing Costs %3%

Hold Period (months)6 mo

Financing (Hard Money / Private)

LTV on Purchase %90%

% of Rehab Financed100%

Interest Rate (annual)12%

Points % of Total Loan2%

Monthly Carrying Costs — Texas

Property Taxes / mo$730

Insurance / mo$175

Utilities & Misc / mo$200

HOA / mo$0

Selling Costs

Agent Commissions % of ARV6%

Seller-Paid Closing % of ARV1%

70% Rule — Max Offer Price

70% x ARV minus Rehab Budget

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ARV Sensitivity

Scenario	ARV	Net Profit	ROI

Oak Point — Acquisition Basis

ARV$460,000

Original Cash Invested$50,000

Current Loan Payoff$368,000

Refinance Inputs

Refi LTV % of ARV75%

New Loan Interest Rate7.5%

Amortization (years)30 yr

Refi Closing Costs %3%

Rental Inputs — Oak Point MTR

Market Rent / mo$3,200

Vacancy Rate %5%

Property Taxes / mo$730

Insurance / mo$175

HOA / mo$0

Utilities (owner paid) / mo$0

Property Mgmt % of EGI8%

Repairs & Maintenance % EGI3%

CapEx Reserve % of EGI5%

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Rent Sensitivity

Scenario	Monthly Rent	Annual Cash Flow	DSCR

Property & Financing — Oak Point

Purchase Price$399,000

Down Payment %25%

Interest Rate7.50%

Loan Term (years)30 yr

Income — Furnished Finder / MTR

Monthly Mid-Term Rent$3,200

Vacancy Rate %5%

Monthly Operating Expenses — Texas

Property Tax Rate % of Value2.2%

Insurance / mo$175

Property Mgmt %8%

Repairs & Maintenance / mo$150

HOA / mo$0

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Purchase Price vs Rent — Cash Flow & CoC

Purchase Price	$2,800/mo	$3,200/mo	$3,600/mo	$4,000/mo