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1204 Saratoga Drive Euless, TX 76040

3 Beds 2 Baths 1,608 sqft Built 1988

INVESTimate

$264,900

List Price

$1,690

$1,521 - $1,859

Rent Est.

$290,092  ( +9.51%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1988
  • Price/Sqft : $164.74
  • 9 Days on Market
  • MLS # : 14400848
  • Updated Date : 08/23/2020 at 07:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,608 sqft
  • Baths : 2 full
Listing Agent

Rico Realty

Listing Agent's Description

Beautifully maintained home in a cozy, quiet neighborhood. This home boasts ceramic tile, granite countertops, and stainless steel sinks and appliances. There is a 13x10 storage in the backyard.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 76040

ZipNIR Market*CityMarket2010Year20002019130k140k150k160k170k180k190k200k210k220k230k240kPrice in $122k243k

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

Zip Code: 76040

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9471808

* 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
Bell Manor Elementary School Primary Regular 763 44 6
Central Junior High School Middle Regular 998 62 7
Central Junior High School High Regular 998 62 7

Bell Manor Elementary School

  • Education Level: Primary
  • # of students: 763
  • # of teachers: 44
6
GreatSchools Rating

Central Junior High School

  • Education Level: Middle
  • # of students: 998
  • # of teachers: 62
7
GreatSchools Rating

Central Junior High School

  • Education Level: High
  • # of students: 998
  • # of teachers: 62
7
GreatSchools Rating
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$977
Property Tax -$514
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
-$21

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.

$264,900

PROJECTED PRICE

$1,690

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.51%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,412

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,688

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6453$1,6504$1,6505$1,690
$1,690
RENT COMPS ANALYSIS
  • 1204 Saratoga Drive Euless, TX 5
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.05
    •  
  • 1216 Cumberland Drive Bedford, TX 1
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1976
    property image
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
  • 1202 Trenton Lane Euless, TX 2
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1990
    property image
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.09
    •  
  • 1107 Middlebury Lane Euless, TX 3
    • 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,541 Sqft ∙ Built 1992
    property image
    LEASED 08/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.07
    •  
  • 1210 Trenton Lane Euless, TX 4
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1989
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
PROPERTY LISTING DETAILS
Natasha Rico
Rico Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14400848
Last Updated: 08/23/2020
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