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134 Creekside Drive Sanger, TX 76266

3 Beds 2 Baths 1,950 sqft Built 2020

$286,358

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $146.85
  • 5 Days on Market
  • MLS # : 14469841
  • Updated Date : 11/11/2020 at 18:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,950 sqft
  • Baths : 2 full
Listing Agent

Homesusa.com

Listing Agent's Description

MLS# 14469841 - Built by McClintock Homes - December completion! ~ We love this plan so much, we made it our model home! Beautiful 12 ft. high ceiling ceilings in gallery entrance with art niches leads to your open kitchen and family area. White cabinets, subway tile, stainless steel appliances, granite c-tops and island with room for bar stools make this kitchen functional while open to the family room. HUGE master with plenty of room for sitting area. Master bath has separate vanities with knee space on 1 side, walk-in, tile shower, separate soaking tub, quartz c-tops, and door connecting to utility room! Master closet is oversized, same width as bedroom! Video doorbell. Corner lot!

SEE MORE

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

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
 

$257,722$314,994$286,358

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,057
Property Tax -$391
Property Insurance -$140
HOA -$15
Property Management Fees -$99
CASH FLOW
$9

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.

$286,358

PROJECTED PRICE

$1,710

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 3.00%
Vacancy 6.93%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$77,885

INVESTMENT

$77,885

Down Payment
$71,590
Rehab Estimate
$2,000
Closing Costs
$4,295

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,057

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,590
Loan Amount $214,769
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$18,809

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,7004$1,7105$1,750
$1,750
RENT COMPS ANALYSIS
  • 134 Creekside Drive Sanger, TX 4
    • 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.88
    •  
  • 86 N Highland Drive Sanger, TX 1
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 2005
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 64 Kramer Lane Sanger, TX 2
    • 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,801 Sqft ∙ Built 2016
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 41 Kramer Lane Sanger, TX 3
    • 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,980 Sqft ∙ Built 2016
    property image
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 5 Grouse Run Sanger, TX 5
    • 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2020
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Homesusa.com
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469841
Last Updated: 11/11/2020
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