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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $157.27
- 3 Days on Market
- MLS # : 14488421
- Updated Date : 12/18/2020 at 18:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,795 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathawayhs Penfed Tx
Listing Agent's Description
YOU WILL LOVE THE DRIVE-UP TO THIS CRAFTSMAN-STYLE HOME IN THE RESORT COMMUNITY OF SAVANNAH! This thoughtful floorplan offers 3 bedrooms, 2 full bathrooms with a gorgeous dining room. The foyer features high ceilings & leads to the spacious living room that offers wood type flooring & large windows that accent pleasing views of the backyard. The kitchen is open to the living & has a walk-through to the dining room for easy while entertaining. The wonderfully designed kitchen provides beautiful oak cabinets & a breakfast nook. Many amenities including a water park, tennis courts, and much more! Buyer & Buyer Agent to verify all info including, but not limited to, room dimensions, features, schools.
SEE MORE
- # 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: Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Savannah
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,740 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$642 | |
| Property Insurance | -$131 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$245
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$282,300
PROJECTED PRICE
$1,740
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.94% |
| Appreciation Year (1-5) | 7.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.93% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$80,560
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,575 |
| Loan Amount | $211,725 |
0.92
YEARS SAVED
$1,289
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,750
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
1400 Chestnut Drive Savannah, TX 4
- 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,795 Sqft ∙ Built 2006
![property image]()
- Rent
- Rent Per SQFT
- $1,740
- $0.97
-
1413 Augusta Drive Savannah, TX 1
- 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2004
![property image]()
LEASED 04/20/20- Rent
- Rent Per SQFT
- $1,675
- $0.91
-
1700 Jasmine Trail Savannah, TX 2
- 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2004
![property image]()
LEASED 07/10/20- Rent
- Rent Per SQFT
- $1,675
- $0.97
-
1508 Chestnut Drive Savannah, TX 3
- 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 2004
![property image]()
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,695
- $1.00
-
1413 Carriage Lane Savannah, TX 5
- 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,759 Sqft ∙ Built 2004
![property image]()
LEASED 11/28/20- Rent
- Rent Per SQFT
- $1,800
- $1.02
PROPERTY LISTING DETAILS
Berkshire Hathawayhs Penfed Tx
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14488421
Last Updated: 12/18/2020
