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1220 Karsten Ridge Pass Gunter, TX 75058

4 Beds 5 Baths 4,244 sqft Built 2020

INVESTimate

$589,900

List Price

$3,340

$3,090 - $3,590

Rent Est.

$642,696  ( +8.95%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $139.00
  • 2 Days on Market
  • MLS # : 14420576
  • Updated Date : 08/25/2020 at 22:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,244 sqft
  • Baths : 3 full , 2 half
Listing Agent

Keys 2 It All, Llc.

Listing Agent's Description

Oversize Lot, Jan. 2021 Completion! Beautiful Custom Home features 4 bedrooms, 5 baths, study, dining, media, and game room. Chef's kitchen perfect for entertaining offers a large island, tons of storage and SS appliances. Family, kitchen, and dining flow perfectly together, welcoming natural light through the oversized windows. The lavish master suite on 1st floor makes for a quiet retreat and features a resort style bath, connected to the laundry room. Upstairs you are greeted with a spacious game, media, and two more bedrooms. Large covered patio with a fireplace and a large backyard with plenty of space for a pool. This home is Energy Star Certified. For additional details please contact the listing agent.

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: 75058

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $65k296k

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

Zip Code: 75058

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
Gunter Middle School Primary Regular 230 15 8
Gunter Middle School Middle Regular 230 15 8
Gunter High School High Regular 256 25 6

Gunter Middle School

  • Education Level: Primary
  • # of students: 230
  • # of teachers: 15
8
GreatSchools Rating

Gunter Middle School

  • Education Level: Middle
  • # of students: 230
  • # of teachers: 15
8
GreatSchools Rating

Gunter High School

  • Education Level: High
  • # of students: 256
  • # of teachers: 25
6
GreatSchools Rating
 

$530,910$648,890$589,900

PURCHASE PRICE

$3,006$3,674$3,340

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,340
EXPENSES Loan Payment -$2,176
Property Tax -$1,401
Property Insurance -$258
HOA -$80
Property Management Fees -$99
CASH FLOW
-$674

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$589,900

PROJECTED PRICE

$3,340

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 8.95%
Maintenance Year (1-5) 3.00%
Vacancy 6.00%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,324

INVESTMENT

$158,324

Down Payment
$147,475
Rehab Estimate
$2,000
Closing Costs
$8,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,176

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,475
Loan Amount $442,425
See What Happens When You Reinvest Cash Flow

0.08

YEARS SAVED

$36

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,340

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $3,395

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$3,300
1$3,3002$3,340
$3,340
RENT COMPS ANALYSIS
  • 1220 Karsten Ridge Pass Gunter, TX 2
    • 4 beds 5 baths ∙ 4,244 Sqft ∙ Built 2020 4 beds 5 baths ∙ 4,244 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,340
    • $0.79
    •  
  • 1026 Bent Tree Lane Gunter, TX 1
    • 5 beds 5 baths ∙ 4,122 Sqft ∙ Built 2014 5 beds 5 baths ∙ 4,122 Sqft ∙ Built 2014
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.80
    •  
PROPERTY LISTING DETAILS
Milana Gutman
Keys 2 It All, Llc.
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14420576
Last Updated: 08/25/2020
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