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1412 Fantail Lane Ennis, TX 75119

3 Beds 3 Baths 2,100 sqft Built 2020

$258,628

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
February 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $123.16
  • 6 Days on Market
  • MLS # : 14511537
  • Updated Date : 02/02/2021 at 15:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,100 sqft
  • Baths : 2 full , 1 half
Listing Agent

Legend Home Corp

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

Zip Code: 75119

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 75119

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8371734

* 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
William B. Travis Elementary School Primary Regular 306 22 6
Ennis Junior High School Middle Regular 828 52 5
Ennis High School High Regular 1,635 112 4

William B. Travis Elementary School

  • Education Level: Primary
  • # of students: 306
  • # of teachers: 22
6
GreatSchools Rating

Ennis Junior High School

  • Education Level: Middle
  • # of students: 828
  • # of teachers: 52
5
GreatSchools Rating

Ennis High School

  • Education Level: High
  • # of students: 1,635
  • # of teachers: 112
4
GreatSchools Rating
 

$232,765$284,491$258,628

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$898
Property Tax -$565
Property Insurance -$149
Property Management Fees -$99
CASH FLOW
$229

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.

$258,628

PROJECTED PRICE

$1,940

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 3.00%
Vacancy 6.69%
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$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$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,536

INVESTMENT

$70,536

Down Payment
$64,657
Rehab Estimate
$2,000
Closing Costs
$3,879

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$898

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,657
Loan Amount $193,971
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$33,903

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,969

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7004$1,7755$1,940
$1,940
RENT COMPS ANALYSIS
  • 1412 Fantail Lane Ennis, TX 5
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.92
    •  
  • 1500 Cardinal Drive Ennis, TX 1
    • 3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,777 Sqft ∙ Built 2019
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 3506 Sonoma Trail Ennis, TX 2
    • 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 2020 3 beds 2 baths ∙ 1,755 Sqft ∙ Built 2020
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
  • 3302 Sonoma Trail Ennis, TX 3
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2020
    LEASED 12/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 3305 Sonoma Trail Ennis, TX 4
    • 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,001 Sqft ∙ Built 2020
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.89
    •  
PROPERTY LISTING DETAILS
Suzy Smith
Legend Home Corp
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14511537
Last Updated: 02/02/2021
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