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115 Shallow Water Court Clyde, TX 79510

3 Beds 2 Baths 1,474 sqft Built 2021

$194,500

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $131.95
  • 3 Days on Market
  • MLS # : 14491235
  • Updated Date : 12/31/2020 at 19:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,474 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful New Home being Built in the New Shallow Water Estates Subdivision in Clyde. This 3bed 2bath home boast a nice open floor plan providing options for you. Great Living Area with 9 foot ceilings. Spacious Kitchen with granite counters, Island, Stainless Appliances and more. Great master with separate tub and shower plus spacious walk-in-closet. The covered back porch provides a perfect space for entertaining family and friends. Home Sweet Home. Please Verify measurements

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 79510

ZipNIR Market*CityMarket2010Year2005 Q3201970k75k80k85k90k95k100k105k110k115k120k125k130k135kPrice in $66k135k

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

Zip Code: 79510

ZipNIR Market*CityMarket2015Year20112019 Q2800850900950100010501100Rent in $7891114

* 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
Clyde Intermediate School Primary Regular 324 21 6
Clyde Junior High School Middle Regular 342 27 6
Clyde High School High Regular 406 37 5

Clyde Intermediate School

  • Education Level: Primary
  • # of students: 324
  • # of teachers: 21
6
GreatSchools Rating

Clyde Junior High School

  • Education Level: Middle
  • # of students: 342
  • # of teachers: 27
6
GreatSchools Rating

Clyde High School

  • Education Level: High
  • # of students: 406
  • # of teachers: 37
5
GreatSchools Rating
 

$175,050$213,950$194,500

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$718
Property Tax -$425
Property Insurance -$111
Property Management Fees -$99
CASH FLOW
$207

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$194,500

PROJECTED PRICE

$1,560

PROJECTED RENT

0.80%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 3.00%
Vacancy 9.90%
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$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$53,543

INVESTMENT

$53,543

Down Payment
$48,625
Rehab Estimate
$2,000
Closing Costs
$2,918

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$718

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,625
Loan Amount $145,875
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$18,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,562

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,560
1$1,5602$1,899
$1,899
RENT COMPS ANALYSIS
  • 115 Shallow Water Court Clyde, TX 1
    • 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 2021 3 beds 2 baths ∙ 1,474 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.06
    •  
  • 4014 Hope Clyde, TX 2
    • 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,789 Sqft ∙ Built 2019
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.06
    •  
PROPERTY LISTING DETAILS
Jay Sloan
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14491235
Last Updated: 12/31/2020
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