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1117 Decker Drive Fate, TX 75189

5 Beds 3 Baths 2,676 sqft Built 2017

$319,900

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $119.54
  • 3 Days on Market
  • MLS # : 14537272
  • Updated Date : 03/26/2021 at 11:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,676 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

WELCOME HOME to WOODCREEK! 2,676sf brick home built in 2017 with 5 bedrooms; 2 Full Baths and a Half Bath for guests! Granite countertops in Kitchen with Stainless Appliances. 2 Lg living areas. Downstairs Living open to beautiful kitchen. Upstairs living make a great media room. Master Bedroom on first floor with en Suite for sitting area or office. Remaining 4 Bedrms are upstairs. The large backyard great! Incredible amenities Woodcreek subdivision: Multiple Pools, Parks, Jogging Paths, Workout rooms, and more! Great Location: 5 minutes from I-30; 15 min 635; 10min 190; 40min to Downtown Dallas. Located in Rockwall County and Great Royse City Schools. Run...don't walk to see this home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • . 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)

PRICE & RENT TRENDS

Neighborhood: Woodcreek

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Woodcreek

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8882171

* 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
May Vernon Elementary School Primary Regular 537 39 7
Royse City Middle School Middle Regular 780 47 6
Royse City High School High Regular 1,410 88 5

May Vernon Elementary School

  • Education Level: Primary
  • # of students: 537
  • # of teachers: 39
7
GreatSchools Rating

Royse City Middle School

  • Education Level: Middle
  • # of students: 780
  • # of teachers: 47
6
GreatSchools Rating

Royse City High School

  • Education Level: High
  • # of students: 1,410
  • # of teachers: 88
5
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,111
Property Tax -$810
Property Insurance -$182
HOA -$47
Property Management Fees -$99
CASH FLOW
-$149

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.

$319,900

PROJECTED PRICE

$2,100

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 4.0%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,067

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8603$2,0954$2,1005$2,195
$2,195
RENT COMPS ANALYSIS
  • 1117 Decker Drive Fate, TX 4
    • 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,676 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 207 Mulberry Drive Fate, TX 1
    • 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,602 Sqft ∙ Built 2006
    property image
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.69
    •  
  • 549 Laurel Lane Fate, TX 2
    • 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,609 Sqft ∙ Built 2007
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.71
    •  
  • 222 Citrus Drive Fate, TX 3
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2014
    property image
    LEASED 03/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.83
    •  
  • 1117 Corbitt Lane Fate, TX 5
    • 5 beds 3 baths ∙ 2,565 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,565 Sqft ∙ Built 2018
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.86
    •  
PROPERTY LISTING DETAILS
Paula S Thompson
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14537272
Last Updated: 03/26/2021
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