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122 Freese Drive Sanger, TX 76266

3 Beds 2 Baths 1,864 sqft Built 1986

$225,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $120.71
  • 1 Days on Market
  • MLS # : 14532512
  • Updated Date : 03/13/2021 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,864 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

This 3 bedroom 2 bathroom home sits in a gorgeous neighborhood near parks and boasts a large backyard perfect for entertaining and relaxing. Approaching the property, you will notice the 2 car garage and brick exterior the home offers its new owners. Entering the home, you will immediately appreciate the oversized dining room that is perfect for meals between many. The kitchen area features a semi-open concept floor plan and directly overlooks the living area. The home features the sought after split floorplan and the master bedroom and the secondary bedrooms are on opposite side of the home. Schedule your viewing today.

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: 76266

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $94k243k

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

Zip Code: 76266

ZipNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7771734

* 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
Clear Creek Intermediate School Primary Regular 359 26 4
Sanger Middle School Middle Regular 415 28 6
Sanger High School High Regular 796 52 5

Clear Creek Intermediate School

  • Education Level: Primary
  • # of students: 359
  • # of teachers: 26
4
GreatSchools Rating

Sanger Middle School

  • Education Level: Middle
  • # of students: 415
  • # of teachers: 28
6
GreatSchools Rating

Sanger High School

  • Education Level: High
  • # of students: 796
  • # of teachers: 52
5
GreatSchools Rating
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$782
Property Tax -$427
Property Insurance -$135
Property Management Fees -$99
CASH FLOW
$108

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.

$225,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$19,075

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,710

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,5954$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 122 Freese Drive Sanger, TX 1
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.83
    •  
  • 127 Ringneck Drive Sanger, TX 2
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 214 Diane Drive Sanger, TX 3
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1975
    property image
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 121 Ringneck Drive Sanger, TX 4
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2005
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 130 Ringneck Drive Sanger, TX 5
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006
    property image
    LEASED 03/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
PROPERTY LISTING DETAILS
Spencer Mcduffy
Exp Realty Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14532512
Last Updated: 03/13/2021
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