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137 Big Willow Court Saginaw, TX 76179

3 Beds 2 Baths 2,234 sqft Built 2007

$299,990

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $134.28
  • 1 Days on Market
  • MLS # : 14531808
  • Updated Date : 03/13/2021 at 12:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,234 sqft
  • Baths : 2 full
Listing Agent

Rite Real Estate

Listing Agent's Description

Live on a quiet cul de sac. Spacious and open living, kitchen and dining keeps the family connected. Split bedrooms with walk in closets and flex room that can be study or an extra dining area create the space you need. Outdoor living is enhanced with a 15 x 11 covered and shaded patio and huge backyard and 2 storage building and many mature trees. Hurry this home wont last long.

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

Neighborhood: Willow Creek Estates at Saginaw

NeighborhoodNIR Market*CityMarket2010Year20002019120k130k140k150k160k170k180k190k200k210k220k230k240k250k260kPrice in $115k260k

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

Neighborhood: Willow Creek Estates at Saginaw

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800Rent in $11261860

* 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
Saginaw Elementary School Primary Regular 416 26 5
Prairie Vista Middle School Middle Regular 866 53 5
Chisholm Trail High School High Unknown NA

Saginaw Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 26
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Chisholm Trail High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$269,991$329,989$299,990

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,042
Property Tax -$652
Property Insurance -$156
Property Management Fees -$99
CASH FLOW
-$169

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.

$299,990

PROJECTED PRICE

$1,780

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.0%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,247

INVESTMENT

$85,247

Down Payment
$74,998
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,998
Loan Amount $224,993
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,217

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,826

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,7804$1,7955$1,900
$1,900
RENT COMPS ANALYSIS
  • 137 Big Willow Court Saginaw, TX 3
    • 3 beds 2 baths ∙ 2,234 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,234 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.80
    •  
  • 1068 Appaloosa Circle Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,102 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,102 Sqft ∙ Built 2003
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.78
    •  
  • 1060 Appaloosa Circle Fort Worth, TX 2
    • 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,098 Sqft ∙ Built 2003
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 213 Canterbury Drive Saginaw, TX 4
    • 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,178 Sqft ∙ Built 2001
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 1105 Springhill Drive Saginaw, TX 5
    • 4 beds 2 baths ∙ 2,199 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,199 Sqft ∙ Built 1999
    property image
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.86
    •  
PROPERTY LISTING DETAILS
Eric Ritenour
Rite Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14531808
Last Updated: 03/13/2021
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