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105 S Sendero Drive Decatur, TX 76234

3 Beds 2 Baths 1,584 sqft Built 1991

$212,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $133.84
  • 2 Days on Market
  • MLS # : 14486395
  • Updated Date : 12/26/2020 at 16:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,584 sqft
  • Baths : 2 full
Listing Agent

Parker Properties

Listing Agent's Description

Come see this cute 3 bedroom 2 bath home in established neighborhood, has WBFP for cold nights, near schools and shopping. Home offers nice lay out and spacious rooms. Kitchen has granite counter tops. Oversized 2 car garage space. Fenced back yard with storage shed.

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

Zip Code: 76234

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $96k243k

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

Zip Code: 76234

ZipNIR Market*Market2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11261734

* 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
Decatur High School High Regular 897 59 5

Decatur High School

  • Education Level: High
  • # of students: 897
  • # of teachers: 59
5
GreatSchools Rating
 

$190,800$233,200$212,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$782
Property Tax -$438
Property Insurance -$119
Property Management Fees -$99
CASH FLOW
$162

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.

$212,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$61,930

INVESTMENT

$61,930

Down Payment
$53,000
Rehab Estimate
$5,750
Closing Costs
$3,180

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,000
Loan Amount $159,000
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$27,684

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,748

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,7254$1,750
$1,750
RENT COMPS ANALYSIS
  • 105 S Sendero Drive Decatur, TX 1
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
  • 508 Valleyridge Court Decatur, TX 2
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1993
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
  • 310 Ridge View Court Decatur, TX 3
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 2005
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.15
    •  
  • 2804 S Lipsey Street Decatur, TX 4
    • 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1973
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.10
    •  
PROPERTY LISTING DETAILS
Sherry Layton
Parker Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14486395
Last Updated: 12/26/2020
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