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112 Bluebonnet Drive Sanger, TX 76266

4 Beds 2 Baths 1,858 sqft Built 2020

$251,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $135.58
  • 3 Days on Market
  • MLS # : 14471038
  • Updated Date : 11/13/2020 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

Lgi Homes

Listing Agent's Description

The Santa Fe is a beautiful single-story home at Willowwood featuring 4 bedrooms, 2 baths and a spacious open layout. This new home comes with a fully loaded kitchen complete with granite countertops, energy-efficient appliances, designer wood cabinetry and recessed lighting. Enjoy the outdoors from the fully fenced back yard or relax in the master bedroom that comes with a large walk-in closet; you can do it all with this home! Schedule your tour of the new Santa Fe plan today. Elevation of the front of the house may vary.

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

Neighborhood: Willow Wood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $94k243k

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

Neighborhood: Willow Wood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7201734

* 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
Butterfield Elementary School Primary Regular 501 32 7
Sanger Middle School Middle Regular 415 28 6
Sanger High School High Regular 796 52 5

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 32
7
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
 

$226,710$277,090$251,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$929
Property Tax -$344
Property Insurance -$135
HOA -$29
Property Management Fees -$99
CASH FLOW
$144

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$251,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$68,754

INVESTMENT

$68,754

Down Payment
$62,975
Rehab Estimate
$2,000
Closing Costs
$3,779

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$929

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,975
Loan Amount $188,925
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$32,236

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,672

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,6004$1,6805$1,695
$1,695
RENT COMPS ANALYSIS
  • 112 Bluebonnet Drive Sanger, TX 4
    • 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.90
    •  
  • 127 Ringneck Drive Sanger, TX 1
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 104 Maned Drive Sanger, TX 2
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2004
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 121 Ringneck Drive Sanger, TX 3
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2005
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 311 Quail Crossing Drive Sanger, TX 5
    • 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,955 Sqft ∙ Built 2004
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.87
    •  
PROPERTY LISTING DETAILS
Mona Hill
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14471038
Last Updated: 11/13/2020
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