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125 Creekside Drive Sanger, TX 76266

4 Beds 3 Baths 2,659 sqft Built 2020

INVESTimate

$319,990

List Price

$2,060

$1,854 - $2,266

Rent Est.

$340,149  ( +6.30%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
FACTS
  • Built In 2020
  • Price/Sqft : $120.34
  • 9 Days on Market
  • MLS # : 14401788
  • Updated Date : 08/21/2020 at 13:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,659 sqft
  • Baths : 2 full , 1 half
Listing Agent

Livingwell Properties

Listing Agent's Description

$20K Price Improvement! Ready for immediate move in, don't miss this deal! Discover this charming 4 bedroom two story home plus study on an oversized lot in Sable Creek. The kitchen showcases quartz counters, stainless steel appliances, custom 42 inch cabinets with satin nickel hardware, and breakfast nook. Home boasts upgraded tile floors through out, spacious family room, fireplace, and neutral paint. Home offers The Aspen floor plan built by Lillian Custom Homes and features a Smart Home package, sprinkler system, & fully sodded yard. Nearby you can enjoy the popular Lake Ray Roberts for swimming, boating, & fishing fun. It's conveniently located near Hwy I35 and zoned for Sanger ISD.

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

Neighborhood: Sable Creek

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $94k336k

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

Neighborhood: Sable Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800190020002100Rent in $7772171

* 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
Butterfield Elementary School Primary Regular 501 32 7
Sanger Middle School Middle Regular 415 28 6
Sanger High School High Regular 796 52 5

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 32
7
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
 

$287,991$351,989$319,990

PURCHASE PRICE

$1,854$2,266$2,060

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

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 $2,060
EXPENSES Loan Payment -$1,181
Property Tax -$464
Property Insurance -$181
HOA -$25
Property Management Fees -$99
CASH FLOW
$111

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$319,990

PROJECTED PRICE

$2,060

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.30%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,797

INVESTMENT

$86,797

Down Payment
$79,998
Rehab Estimate
$2,000
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,998
Loan Amount $239,993
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$31,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,047

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,060
$2,060
RENT COMPS ANALYSIS
  • 125 Creekside Drive Sanger, TX 2
    • 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.77
    •  
  • 3020 Lake Ridge Drive Sanger, TX 1
    • 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,462 Sqft ∙ Built 2013
    property image
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.77
    •  
PROPERTY LISTING DETAILS
Deb Wells
Livingwell Properties
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14401788
Last Updated: 08/21/2020
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