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1416 Baylee Street Seagoville, TX 75159

4 Beds 3 Baths 1,773 sqft Built 2005

$192,500

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $108.57
  • 3 Days on Market
  • MLS # : 14470161
  • Updated Date : 11/14/2020 at 18:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,773 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Central

Listing Agent's Description

Multiple Offers Received. Highest & best due by 5pm Sunday. You found it! Your HOME FOR THE HOLIDAYS! Enjoy tons of natural light throughout & layout that is perfect for families. Open concept living & dining area, spacious kitchen which includes an island with sink, lots of cabinets, separate pantry & laundry room. There's a half bath down for guests & wood burning fireplace. Large master bedroom is down with a bath boasting walk-in shower, separate vanities & walk-in closet. All secondary rooms & 2nd full bath upstairs, 4th bedroom currently used as a study. LOTS of storage space in this beauty! A TEXAS SIZED fenced backyard that includes a patio with pergola which makes for great entertaining & grilling.

SEE MORE

MARKET HIGHLIGHTS

  • . 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 75159

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $79k243k

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

Zip Code: 75159

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9451734

* 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
Central Elementary School Primary Regular 478 31 7
Seagoville Middle School Middle Regular 1,151 68 3
Seagoville High School High Regular 1,289 77 3

Central Elementary School

  • Education Level: Primary
  • # of students: 478
  • # of teachers: 31
7
GreatSchools Rating

Seagoville Middle School

  • Education Level: Middle
  • # of students: 1,151
  • # of teachers: 68
3
GreatSchools Rating

Seagoville High School

  • Education Level: High
  • # of students: 1,289
  • # of teachers: 77
3
GreatSchools Rating
 

$173,250$211,750$192,500

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$710
Property Tax -$451
Property Insurance -$130
Property Management Fees -$99
CASH FLOW
$320

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.

$192,500

PROJECTED PRICE

$1,710

PROJECTED RENT

0.89%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 9.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.69%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,763

INVESTMENT

$56,763

Down Payment
$48,125
Rehab Estimate
$5,750
Closing Costs
$2,888

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$710

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,125
Loan Amount $144,375
See What Happens When You Reinvest Cash Flow

12.08

YEARS SAVED

$41,810

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,649

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4253$1,5504$1,6505$1,710
$1,710
RENT COMPS ANALYSIS
  • 1416 Baylee Street Seagoville, TX 5
    • 4 beds 3 baths ∙ 1,773 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,773 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.96
    •  
  • 1316 Crosscreek Lane Seagoville, TX 1
    • 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,586 Sqft ∙ Built 1993
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 804 Shadybrook Lane Seagoville, TX 2
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1990
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.88
    •  
  • 722 Stacie Lane Seagoville, TX 3
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 2005
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 739 Fairview Avenue Seagoville, TX 4
    • 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,624 Sqft ∙ Built 2009
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
PROPERTY LISTING DETAILS
Geri Fox
Keller Williams Central
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14470161
Last Updated: 11/14/2020
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