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126 Canales Greenville, TX 75401

4 Beds 3 Baths 1,845 sqft Built 2021

$242,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $131.65
  • 2 Days on Market
  • MLS # : 14523549
  • Updated Date : 02/27/2021 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,845 sqft
  • Baths : 3 full
Listing Agent

David Otis Tucker

Listing Agent's Description

Perfectly designed for family entertainment with a large kitchen island and covered back porch for the grill. Two bedrooms downstairs making this a perfect mother in law set up. These homes will not last in this brand new small community with great access and shopping. Pictures are examples only.

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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: 75401

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $67k243k

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

Zip Code: 75401

ZipNIR Market*Market2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Travis Elementary School Primary Regular 356 26 3
Greenville Middle School Middle Regular 687 46 5
Greenville High School High Regular 1,077 89 5

Travis Elementary School

  • Education Level: Primary
  • # of students: 356
  • # of teachers: 26
3
GreatSchools Rating

Greenville Middle School

  • Education Level: Middle
  • # of students: 687
  • # of teachers: 46
5
GreatSchools Rating

Greenville High School

  • Education Level: High
  • # of students: 1,077
  • # of teachers: 89
5
GreatSchools Rating
 

$218,610$267,190$242,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$844
Property Tax -$546
Property Insurance -$134
Property Management Fees -$99
CASH FLOW
$57

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.

$242,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.69%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
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$900k

PROJECTED ANNUAL CASH FLOW

11530$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,369

INVESTMENT

$66,369

Down Payment
$60,725
Rehab Estimate
$2,000
Closing Costs
$3,644

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$844

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,725
Loan Amount $182,175
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$13,837

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,605

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,4504$1,5505$1,680
$1,680
RENT COMPS ANALYSIS
  • 126 Canales Greenville, TX 5
    • 4 beds 3 baths ∙ 1,845 Sqft ∙ Built 2021 4 beds 3 baths ∙ 1,845 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.91
    •  
  • 3210 Barling Street Greenville, TX 1
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2019
    property image
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 3922 Washington Street Greenville, TX 2
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2020
    property image
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.87
    •  
  • 2612 Texas Street Greenville, TX 3
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 2020
    property image
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.88
    •  
  • 3607 Pickett Street Greenville, TX 4
    • 4 beds 2 baths ∙ 1,799 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,799 Sqft ∙ Built 2019
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.86
    •  
PROPERTY LISTING DETAILS
David Tucker
David Otis Tucker
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14523549
Last Updated: 02/27/2021
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