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112 Shanandoah Lane Murphy, TX 75094

5 Beds 3 Baths 2,711 sqft Built 2000

$389,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $143.49
  • 4 Days on Market
  • MLS # : 14463257
  • Updated Date : 10/31/2020 at 08:04
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,711 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

5br, 2.1ba in popular Daniel Crossing Estates with fresh paint throughout! A stunning entry welcomes you with arched openings to shared formals, a spacious family room with brick wood-burning fireplace, a delightful island kitchen with breakfast bar & large casual dining area, an oversized master retreat with sitting area, 5th bedroom - study, upstairs gameroom, large bedrooms, plenty of storage, large interior lot, beautifully landscaped with plenty of room to roam plus a Community pool. Property is pre-wired for security and offers FIOS service A must see!

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: Daniel Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $123k394k

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

Neighborhood: Daniel Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100220023002400Rent in $11262402

* 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
Boggess Elementary School Primary Regular 772 52 9
Murphy Middle School Middle Regular 1,217 65 10
Mcmillen High School High Regular 1,088 70 8

Boggess Elementary School

  • Education Level: Primary
  • # of students: 772
  • # of teachers: 52
9
GreatSchools Rating

Murphy Middle School

  • Education Level: Middle
  • # of students: 1,217
  • # of teachers: 65
10
GreatSchools Rating

Mcmillen High School

  • Education Level: High
  • # of students: 1,088
  • # of teachers: 70
8
GreatSchools Rating
 

$350,100$427,900$389,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,435
Property Tax -$677
Property Insurance -$184
HOA -$41
Property Management Fees -$99
CASH FLOW
-$306

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.

$389,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.9%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,835

INVESTMENT

$108,835

Down Payment
$97,250
Rehab Estimate
$5,750
Closing Costs
$5,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,250
Loan Amount $291,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,203

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,257

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,130
1$2,1302$2,2003$2,2504$2,2955$2,300
$2,300
RENT COMPS ANALYSIS
  • 112 Shanandoah Lane Murphy, TX 1
    • 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,711 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.79
    •  
  • 127 Glen Ridge Drive Murphy, TX 2
    • 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,847 Sqft ∙ Built 2001
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.77
    •  
  • 463 Lakehurst Drive Murphy, TX 3
    • 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,716 Sqft ∙ Built 2000
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.83
    •  
  • 925 Oriole Drive Murphy, TX 4
    • 4 beds 4 baths ∙ 2,716 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,716 Sqft ∙ Built 2002
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.84
    •  
  • 308 Glen Ridge Drive Murphy, TX 5
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 1999
    property image
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
PROPERTY LISTING DETAILS
Colin Conn
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463257
Last Updated: 10/31/2020
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