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1413 Blue Gill Lane Crowley, TX 76036

4 Beds 3 Baths 2,625 sqft Built 2002

$350,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $133.33
  • 4 Days on Market
  • MLS # : 14492766
  • Updated Date : 12/31/2020 at 20:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,625 sqft
  • Baths : 3 full
Listing Agent

R&c Realty

Listing Agent's Description

Beautiful home in exclusive Deer Creek Estates. Newly remodeled kitchen & bathrooms, Open plan with study-office, & double-sided fireplace. Decorative arch & columns separate a formal living and formal dining room. Second master has its own full bath & walk-in closet. Covered patio & adjacent pergola surrounded by a newly installed privacy fence.Freshly painted inside & out.New front & back storm doors. Extra space for shelving in garage. Neighborhood amenities include use of private clubhouse, pool, jogging paths, playground, basketball, tennis, volley-ball courts, baseball diamond, & stocked pond. Easy access to major highways, nearby schools, & shopping centers.

SEE MORE

MARKET HIGHLIGHTS

  • # 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: Deer Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Deer Creek Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11262171

* 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
S.h. Crowley Intermediate School Primary Regular 456 26 4
S.h. Crowley Intermediate School Middle Regular 456 26 4
Crowley High School High Regular 2,033 150 4

S.h. Crowley Intermediate School

  • Education Level: Primary
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

S.h. Crowley Intermediate School

  • Education Level: Middle
  • # of students: 456
  • # of teachers: 26
4
GreatSchools Rating

Crowley High School

  • Education Level: High
  • # of students: 2,033
  • # of teachers: 150
4
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,291
Property Tax -$867
Property Insurance -$179
HOA -$53
Property Management Fees -$99
CASH FLOW
-$409

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.

$350,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 75% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,172

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$2,0803$2,0954$2,3995$2,400
$2,400
RENT COMPS ANALYSIS
  • 1413 Blue Gill Lane Crowley, TX 2
    • 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,625 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.79
    •  
  • 1216 Juniper Lane Burleson, TX 1
    • 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,546 Sqft ∙ Built 2006
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.76
    •  
  • 1125 Tacks Lane Crowley, TX 3
    • 5 beds 3 baths ∙ 2,748 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,748 Sqft ∙ Built 2013
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.76
    •  
  • 200 Flagstone Drive Burleson, TX 4
    • 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2004
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $0.88
    •  
  • 725 Whitetail Deer Lane Crowley, TX 5
    • 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,630 Sqft ∙ Built 1996
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.91
    •  
PROPERTY LISTING DETAILS
Rachel Silverman
R&c Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14492766
Last Updated: 12/31/2020
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