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130 Ringneck Drive Sanger, TX 76266

4 Beds 2 Baths 1,760 sqft Built 2006

$215,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $122.16
  • 3 Days on Market
  • MLS # : 14488872
  • Updated Date : 01/02/2021 at 12:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,760 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

The perfect place to call home! Hard to find 4 bed, 2 bath with new paint throughout, and new carpet in Master! Master and guest bedrooms are spacious with nice size closets. Enjoy the eat-in kitchen & walk-in pantry. Kitchen is open to a large living room. Beautiful wood floors in entry, hall and living area and tile in the kitchen & dining. Walk outside to enjoy the amazing covered patio that runs the full length of the home, an amazing space to enjoy with family & friends! Home includes sprinkler system and wired security system. An upgraded 30-year shingle roof, as well as a new HVAC system have recently been added! Easy access to I-35 to make your commute a breeze!

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Neighborhood: Quail Run

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $93k243k

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

Neighborhood: Quail Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7351734

* 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
Clear Creek Intermediate School Primary Regular 359 26 4
Sanger Middle School Middle Regular 415 28 6
Sanger High School High Regular 796 52 5

Clear Creek Intermediate School

  • Education Level: Primary
  • # of students: 359
  • # of teachers: 26
4
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
 

$193,500$236,500$215,000

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 -$793
Property Tax -$408
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
$251

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$215,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$37,964

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
  • $0.95

    LIST RENT PER SQFT
  • $1,690

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5953$1,6004$1,6005$1,680
$1,680
RENT COMPS ANALYSIS
  • 130 Ringneck Drive Sanger, TX 5
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.95
    •  
  • 201 Maned Drive Sanger, TX 1
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 2004
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.93
    •  
  • 127 Ringneck Drive Sanger, TX 2
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 125 Maned Drive Sanger, TX 3
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 2005
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 128 Ringneck Drive Sanger, TX 4
    • 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 2006
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
PROPERTY LISTING DETAILS
Michelle Davenport
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14488872
Last Updated: 01/02/2021
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