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1121 Caudle Lane Savannah, TX 76227

3 Beds 2 Baths 1,400 sqft Built 2008

$242,500

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $173.21
  • 3 Days on Market
  • MLS # : 14508404
  • Updated Date : 01/29/2021 at 15:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,400 sqft
  • Baths : 2 full
Listing Agent

Competitive Edge Realty Llc

Listing Agent's Description

Beautiful and very well maintained home in the heart of Savannah community.3 bedroom and 2 bath with 2 car garage is perfect starter home for a new family. Great floor plan where every square foot is used properly. Open living area is connected to large kitchen with cosy bay windows. Oversized master suite has enough space to have a desk if you wish or cozy sitting area. Family-friendly, resort-style living community with unbelievable amenities: community pool, water park, huge water slides, fitness center, dry sauna, parks, playgrounds, tennis & basketball courts, soccer fields, hiking & bike trails, and private stocked lakes.

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: Sea Pines Village at Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Sea Pines Village at Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Denton High School High Regular 2,166 140 6

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Denton High School

  • Education Level: High
  • # of students: 2,166
  • # of teachers: 140
6
GreatSchools Rating
 

$218,250$266,750$242,500

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$842
Property Tax -$552
Property Insurance -$108
HOA -$71
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 15% of earned rent to cover both maintenance and periods of vacancy.

$242,500

PROJECTED PRICE

$1,510

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

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

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$70,013

INVESTMENT

$70,013

Down Payment
$60,625
Rehab Estimate
$5,750
Closing Costs
$3,638

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$842

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,625
Loan Amount $181,875
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$1,649

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,519

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,510
1$1,5102$1,5503$1,6504$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 1121 Caudle Lane Savannah, TX 1
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.08
    •  
  • 1225 Chattahoochee Drive Savannah, TX 2
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 2006
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.13
    •  
  • 1136 King George Lane Savannah, TX 3
    • 4 beds 2 baths ∙ 1,579 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,579 Sqft ∙ Built 2007
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.04
    •  
  • 1132 Hayden Lane Savannah, TX 4
    • 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,517 Sqft ∙ Built 2008
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
  • 1629 Spanish Moss Way Savannah, TX 5
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 2004
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
PROPERTY LISTING DETAILS
Elena Cone
Competitive Edge Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508404
Last Updated: 01/29/2021
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