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1137 Whistle Stop Drive Saginaw, TX 76131

4 Beds 3 Baths 2,155 sqft Built 1996

$269,995

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $125.29
  • 4 Days on Market
  • MLS # : 14538399
  • Updated Date : 03/25/2021 at 12:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,155 sqft
  • Baths : 2 full , 1 half
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

Better seen than said! This illustrious 4 bedroom 2 and a half bath home in the highly sought-after Highland Station community of Saginaw comes to life the moment you walk in. Boasting an enormous 2,155 sqft floor plan with luxurious finishes, granite counter tops, and posh amenities this home somehow makes your morning coffee seem much more delightful. The home has been meticulous maintained and is certain to impress. Located less than 20 minutes from downtown Fort Worth and Eagle Mountain lake. Come home to your new home today!

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $115k243k

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

Zip Code: 76131

ZipNIR Market*CityMarket2010Year20002019 Q2115012001250130013501400145015001550160016501700Rent in $11021734

* 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
High Country Elementary School Primary Regular 633 35 6
Highland Middle School Middle Regular 815 54 7
Saginaw High School High Regular 1,785 113 6

High Country Elementary School

  • Education Level: Primary
  • # of students: 633
  • # of teachers: 35
6
GreatSchools Rating

Highland Middle School

  • Education Level: Middle
  • # of students: 815
  • # of teachers: 54
7
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$242,996$296,995$269,995

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$938
Property Tax -$586
Property Insurance -$152
Property Management Fees -$99
CASH FLOW
$25

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.

$269,995

PROJECTED PRICE

$1,800

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 6.7%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$77,299

INVESTMENT

$77,299

Down Payment
$67,499
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,499
Loan Amount $202,496
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$13,247

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,853

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6453$1,6504$1,6505$1,800
$1,800
RENT COMPS ANALYSIS
  • 1137 Whistle Stop Drive Saginaw, TX 5
    • 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
  • 2621 Evening Shade Drive Fort Worth, TX 1
    • 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,890 Sqft ∙ Built 2004
    LEASED 11/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.85
    •  
  • 6229 Claire Drive Fort Worth, TX 2
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 2006
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.88
    •  
  • 2425 Priscella Drive Fort Worth, TX 3
    • 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 2007
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 2688 Silver Hill Drive Fort Worth, TX 4
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2003
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
PROPERTY LISTING DETAILS
Richard Howard
Jp And Associates Southlake
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14538399
Last Updated: 03/25/2021
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