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1109 Hillwood Drive Saginaw, TX 76179

3 Beds 3 Baths 2,154 sqft Built 1999

$229,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $106.73
  • 4 Days on Market
  • MLS # : 14507628
  • Updated Date : 02/13/2021 at 08:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,154 sqft
  • Baths : 2 full , 1 half
Listing Agent

Real Estate By Pat Gray

Listing Agent's Description

Open free flowing floor plan with light and bright décor throughout. Lots of windows that give the home lots of natural lighting. Beautiful updated sunny kitchen with hard surface counters, stainless under mount sink, built in microwave, smooth top range, bright white cabinets, tile wood look flooring and nice work desk. Large living room with wood burning fireplace with gas starter. Outstanding 19x14 master suite with and exquisite master bath. Master bath comes with a large garden tub, separate shower, two sinks and walk-in closet. Private fenced in back yard. Entertain family and friends out on the 30x10 covered patio. Other features: sprinkler system, storage shed, foundation warranty, HVAC units 2019.

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: 76179

ZipNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

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

Zip Code: 76179

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Willow Creek Elementary School Primary Regular 715 43 4
Prairie Vista Middle School Middle Regular 866 53 5
Chisholm Trail High School High Unknown NA

Willow Creek Elementary School

  • Education Level: Primary
  • # of students: 715
  • # of teachers: 43
4
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Chisholm Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$206,910$252,890$229,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$799
Property Tax -$519
Property Insurance -$152
Property Management Fees -$99
CASH FLOW
$182

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.

$229,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.5%
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$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$24,912

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,836

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7504$1,7955$1,900
$1,900
RENT COMPS ANALYSIS
  • 1109 Hillwood Drive Saginaw, TX 3
    • 3 beds 3 baths ∙ 2,154 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,154 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.81
    •  
  • 1033 Westgrove Drive Saginaw, TX 1
    • 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 1996
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.86
    •  
  • 1121 Little John Drive Saginaw, TX 2
    • 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 2015
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 213 Canterbury Drive Saginaw, TX 4
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2001
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 1105 Springhill Drive Saginaw, TX 5
    • 4 beds 2 baths ∙ 2,199 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,199 Sqft ∙ Built 1999
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.86
    •  
PROPERTY LISTING DETAILS
Marty Gray
Real Estate By Pat Gray
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14507628
Last Updated: 02/13/2021
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