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

101 Allen Drive Sanger, TX 76266

3 Beds 2 Baths 1,216 sqft Built 1981

INVESTimate

$202,900

List Price

$1,290

$1,161 - $1,419

Rent Est.

$218,970  ( +7.92%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $166.86
  • 7 Days on Market
  • MLS # : 14417342
  • Updated Date : 08/21/2020 at 10:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,216 sqft
  • Baths : 2 full
Listing Agent

Era Cornerstone Realty

Listing Agent's Description

Don't Miss This completely remodeled and updated home on a corner lot! All new windows, skylight and open floor plan make it perfect for entertaining. Updates include; Granite countertops in the kitchen and bathrooms and stainless steel appliances, fence laminate wood floor, new paint inside and out, new garage doors with wifi enabled openers, and more! Many customs designs including a built-in entertainment center living room and barn doors in master bedroom. This home is in a great location in a quiet neighborhood with close proximity to I-35!

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: 76266

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $94k243k

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

Zip Code: 76266

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7771734

* 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
Clear Creek Intermediate School Primary Regular 359 26 4
Sanger Middle School Middle Regular 415 28 6
Sanger High School High Regular 796 52 5

Clear Creek Intermediate School

  • Education Level: Primary
  • # of students: 359
  • # of teachers: 26
4
GreatSchools Rating

Sanger Middle School

  • Education Level: Middle
  • # of students: 415
  • # of teachers: 28
6
GreatSchools Rating

Sanger High School

  • Education Level: High
  • # of students: 796
  • # of teachers: 52
5
GreatSchools Rating
 

$182,610$223,190$202,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$749
Property Tax -$385
Property Insurance -$97
Property Management Fees -$99
CASH FLOW
-$40

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$202,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.92%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$59,519

INVESTMENT

$59,519

Down Payment
$50,725
Rehab Estimate
$5,750
Closing Costs
$3,044

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$749

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $50,725
Loan Amount $152,175
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$8,655

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,404

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,2903$1,2954$1,3955$1,400
$1,400
RENT COMPS ANALYSIS
  • 101 Allen Drive Sanger, TX 2
    • 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $1.06
    •  
  • 122 Southside Drive Sanger, TX 1
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1975 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1975
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.16
    •  
  • 1606 Brook Glen Drive Sanger, TX 3
    • 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1985
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.16
    •  
  • 2008 Brooke Drive Sanger, TX 4
    • 3 beds 2 baths ∙ 1,209 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,209 Sqft ∙ Built 1999
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.15
    •  
  • 128 Freese Drive Sanger, TX 5
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 2000
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.15
    •  
PROPERTY LISTING DETAILS
Sawyer Stanley
Era Cornerstone Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14417342
Last Updated: 08/21/2020
BESbswy