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PROPERTY INFO
FACTS
- Single Family
- Built In 2011
- Price/Sqft : $117.73
- 4 Days on Market
- MLS # : 14522022
- Updated Date : 02/27/2021 at 09:03
CONSTRUCTION
- Beds : 4
- Floor Size : 2,718 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
Beautiful home nestled in the heart of the highly sought after community of Savannah. Located just off of 380, this home is in the epicenter of growth and new beginnings. Come and be a part of a strong community where you'll have loving neighbors that are like family. This gem boasts a beautiful kitchen that will make you feel like a chef. The master retreat has everything you could want to so that you can rest, relax and refresh your mind body and soul. Dual sinks and a large garden tub give this bathroom the elegance you deserve. With large bedrooms, you'll never run out of space and your family will love the room they have. The solar panels on this home are a great bonus for energy minded families.
SEE MORE
- . 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
Neighborhood: Sea Pines Village at Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sea Pines Village at Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,980 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$728 | |
| Property Insurance | -$184 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$214
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$320,000
PROJECTED PRICE
$1,980
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,550
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
1.25
YEARS SAVED
$1,958
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,980
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,059
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
1229 Hayden Lane Savannah, TX 3
- 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,718 Sqft ∙ Built 2011
![property image]()
- Rent
- Rent Per SQFT
- $1,980
- $0.73
-
1409 Carriage Lane Savannah, TX 1
- 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2004
![property image]()
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,850
- $0.71
-
1632 Spanish Moss Way Savannah, TX 2
- 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,545 Sqft ∙ Built 2004
![property image]()
LEASED 04/08/20- Rent
- Rent Per SQFT
- $1,900
- $0.75
-
1204 Port Royal Court Savannah, TX 4
- 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2006
![property image]()
LEASED 04/02/20- Rent
- Rent Per SQFT
- $2,100
- $0.74
-
1228 Hayden Lane Savannah, TX 5
- 4 beds 4 baths ∙ 2,534 Sqft ∙ Built 2011 4 beds 4 baths ∙ 2,534 Sqft ∙ Built 2011
![property image]()
LEASED 05/23/20- Rent
- Rent Per SQFT
- $2,100
- $0.83
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14522022
Last Updated: 02/27/2021
