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126 Garrett Tuscola, TX 79562

4 Beds 3 Baths 2,315 sqft Built 2021

$372,735

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2021 NEW CONSTRUCTION
January 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2021
  • Price/Sqft : $161.01
  • 7 Days on Market
  • MLS # : 14500811
  • Updated Date : 01/18/2021 at 18:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,315 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

DOC Homes has brought you the perfect Modern Farmhouse!!This 4 bedroom 2 and half bath home checks all the boxes and is located in Jim Ned CISD!! Split floor plan, Large Bedrooms, Huge Walk in Pantry, and oversized Mud Room just to name a few! Vaulted living room with brick fireplace open to kitchen. You will love the kitchen overlooking the spacious backyard. Large back porch accessible from living makes for effortless outdoor entertaining! Luxury vinyl flooring, walk in closets, custom cabinetry throughout. 4th Bedroom would also make the perfect office space. Sod and Landscaping in front and fence included. Estimated Completion End of February

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: 79562

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $78k264k

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

Zip Code: 79562

ZipNIR Market*CityMarket2015Year20112019 Q2900100011001200130014001500160017001800Rent in $8341813

* 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
Jim Ned High School High Regular 320 35 7

Jim Ned High School

  • Education Level: High
  • # of students: 320
  • # of teachers: 35
7
GreatSchools Rating
 

$335,462$410,009$372,735

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,295
Property Tax -$563
Property Insurance -$159
HOA -$21
Property Management Fees -$99
CASH FLOW
-$326

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$372,735

PROJECTED PRICE

$1,810

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 3.6%
Maintenance Year (1-5) 3.00%
Vacancy 9.90%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,775

INVESTMENT

$100,775

Down Payment
$93,184
Rehab Estimate
$2,000
Closing Costs
$5,591

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,295

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,184
Loan Amount $279,551
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$91

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,806

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,810
1$1,8102$1,995
$1,995
RENT COMPS ANALYSIS
  • 126 Garrett Tuscola, TX 1
    • 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 2021 4 beds 3 baths ∙ 2,315 Sqft ∙ Built 2021
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.78
    •  
  • 149 Lake Ridge Road Tuscola, TX 2
    • 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,564 Sqft ∙ Built 2003
    property image
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
PROPERTY LISTING DETAILS
Maegan Garner
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14500811
Last Updated: 01/18/2021
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