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1021 Appalachian Lane Savannah, TX 76227

4 Beds 2 Baths 1,719 sqft Built 2013

$265,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $154.16
  • 4 Days on Market
  • MLS # : 14509028
  • Updated Date : 02/04/2021 at 14:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,719 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Cozy home with a quaint covered front porch has tons of charm & a great floorplan. Light, bright and open with lots of extras like granite counters, rich cabinetry & extensive tile flooring. Spacious living room has a cozy fireplace, lots of windows and access to the covered patio & fenced backyard. Owners retreat has a large en suite bath with high ceilings, a garden tub, separate vanities and a nice walk-in shower. Lots of fabulous neighborhood amenities - pools, water spray park, parks, and more! 2 car attached garage. Nice covered patio with private fenced backyard. Tenant occupied through the end of March. Don't let this gem pass you by, its a Must See!

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: Continental Congress Village at Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Continental Congress Village at Savannah

NeighborhoodNIR 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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$920
Property Tax -$603
Property Insurance -$127
HOA -$71
Property Management Fees -$99
CASH FLOW
-$110

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.

$265,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,736

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6503$1,7004$1,7005$1,710
$1,710
RENT COMPS ANALYSIS
  • 1021 Appalachian Lane Savannah, TX 5
    • 4 beds 2 baths ∙ 1,719 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,719 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.99
    •  
  • 1136 King George Lane Savannah, TX 1
    • 4 beds 2 baths ∙ 1,579 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,579 Sqft ∙ Built 2007
    property image
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 937 Appalachian Lane Savannah, TX 2
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2011
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
  • 940 Appalachian Lane Savannah, TX 3
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2012
    property image
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.03
    •  
  • 1024 Charleston Lane Savannah, TX 4
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2008
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
PROPERTY LISTING DETAILS
Christy Mullins
Redfin Corporation
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509028
Last Updated: 02/04/2021
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