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134 Sun Creek Trail Tuscola, TX 79562

3 Beds 2 Baths 1,790 sqft Built 2020

INVESTimate

$254,900

List Price

$1,400

$1,260 - $1,540

Rent Est.

$264,178  ( +3.64%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $142.40
  • 4 Days on Market
  • MLS # : 14419276
  • Updated Date : 08/23/2020 at 14:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,790 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Another beautiful home by Remarkable Homes in Tuscola Trails. Enjoy West Texas sunsets on your oversized patio or coffee in the mornings. Split layout, open living space. Master will have wood accent ceiling and huge walk in closet. The master bathroom has double vanity, soaking tub and full tile shower. Kitchen will have custom stained cabinets and quartz countertops. So many great details with completion before Thanksgiving.

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

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
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$940
Property Tax -$385
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
-$153

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.

$254,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 3.64%
Maintenance Year (1-5) 3.00%
Vacancy 9.90%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,549

INVESTMENT

$69,549

Down Payment
$63,725
Rehab Estimate
$2,000
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$940

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$798

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,978

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,7503$1,795
$1,795
RENT COMPS ANALYSIS
  • 134 Sun Creek Trail Tuscola, TX 1
    • 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,790 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.78
    •  
  • 608 Jarrell Place Tuscola, TX 2
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 2019
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.17
    •  
  • 128 Pepper Creek Tuscola, TX 3
    • 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,720 Sqft ∙ Built 2019
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.04
    •  
PROPERTY LISTING DETAILS
Robbie Johnson
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14419276
Last Updated: 08/23/2020
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