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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $98.81
- 1 Days on Market
- MLS # : 14537186
- Updated Date : 03/20/2021 at 22:00
CONSTRUCTION
- Beds : 4
- Floor Size : 3,036 sqft
- Baths : 2 full , 1 half
Listing Agent
Monument Realty
Listing Agent's Description
Resort Style Community Living at its finest! MUST SEE 3000+ SQFT home in beautiful Savannah! 4bed 2.5bath 2 story home with built in bench seating in the kitchen and an island. Window seats in living, dining and game room. Master down and media & game rooms and other bedrooms up. Kitchen features a gas range and built in microwave. Master bath offers 2 walk in closets! Enjoy this amazing cape cod style community with amenities such as resort style pools, clubhouse, tennis, basketball, sport fields, movie theater and library! Come see it before its gone! This beautiful home wont last long!
SEE MORE
- 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: 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 | $2,230 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$683 | |
| Property Insurance | -$203 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$133
|
||
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.
$300,000
PROJECTED PRICE
$2,230
PROJECTED RENT
0.74%
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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
6.25
YEARS SAVED
$21,815
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,230
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,368
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
-
1412 Live Oak Lane Savannah, TX 2
- 4 beds 3 baths ∙ 3,036 Sqft ∙ Built 2007 4 beds 3 baths ∙ 3,036 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $2,230
- $0.73
-
1525 Chestnut Drive Savannah, TX 1
- 4 beds 3 baths ∙ 3,036 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,036 Sqft ∙ Built 2004
![property image]()
LEASED 12/07/20- Rent
- Rent Per SQFT
- $2,150
- $0.71
-
5700 Colchester Drive Prosper, TX 3
- 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,908 Sqft ∙ Built 2014
![property image]()
LEASED 08/12/20- Rent
- Rent Per SQFT
- $2,250
- $0.77
-
910 English Ivy Drive Prosper, TX 4
- 4 beds 4 baths ∙ 2,996 Sqft ∙ Built 2014 4 beds 4 baths ∙ 2,996 Sqft ∙ Built 2014
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,300
- $0.77
-
1100 Bell Manor Drive Savannah, TX 5
- 5 beds 3 baths ∙ 3,150 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,150 Sqft ∙ Built 2005
![property image]()
LEASED 03/17/21- Rent
- Rent Per SQFT
- $2,750
- $0.87
PROPERTY LISTING DETAILS
Monument Realty
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
MLS #: 14537186
Last Updated: 03/20/2021
