Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

114 Sunset Boulevard Star Harbor, TX 75148

3 Beds 2 Baths 1,477 sqft Built 2004

$249,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $169.19
  • 3 Days on Market
  • MLS # : 14484862
  • Updated Date : 12/11/2020 at 12:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,477 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Tyler

Listing Agent's Description

Don't miss your chance at this beautiful brick home with the all inviting surroundings of Star Harbor. This 3 bedroom 2 bathroom home was built in 2004 as a custom home to its one and only owner. They have taken great care of it and made recent updates like new flooring. The split bedroom layout with a great room to anchor your family together is the perfect place for all of your holiday gatherings. The entertainment does not stop outside either. Going out the doors to your backyard you will have plenty of room to cook out, sit by a fire, watch the kids or dogs play, and watch T.V. on your oversized covered deck. A perfect place for anyone that loves to golf, fish, ride bikes, and run. This one has it all!

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

Zip Code: 75148

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $66k235k

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

Zip Code: 75148

No Data Available.

* 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
Malakoff High School High Regular 320 32 6

Malakoff High School

  • Education Level: High
  • # of students: 320
  • # of teachers: 32
6
GreatSchools Rating
 

$224,910$274,890$249,900

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 -$922
Property Tax -$435
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
$115

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.

$249,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) -0.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$18,578

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
  • $1.14

    LIST RENT PER SQFT
  • $1,728

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,875
$1,875
RENT COMPS ANALYSIS
  • 114 Sunset Boulevard Star Harbor, TX 1
    • 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,477 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.14
    •  
  • 19 Crescent Drive Star Harbor, TX 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1986
    property image
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.17
    •  
PROPERTY LISTING DETAILS
Sarah Williams
Keller Williams Realty Tyler
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14484862
Last Updated: 12/11/2020
BESbswy