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1425 Stone Mountain Parkway Savannah, TX 76227

4 Beds 3 Baths 3,794 sqft Built 2004

$365,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $96.20
  • 2 Days on Market
  • MLS # : 14469363
  • Updated Date : 11/14/2020 at 11:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,794 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

WOW! Did you see that backyard?! About a third acre of treed paradise w- large deck, trampoline, & 2 swing sets! This adorable Cape Cod style home has versatile floor plan including private study (currently a bedroom) & full bath, & a single car garage-converted home office plus a flex room above that could be exercise room, hobby room, you name it! Owner's Retreat at back of home w- private balcony & en-suite bath w- jetted tub, dual vanities, separate shower, & walk-in closet. 3 more bedrooms & full bath up plus game-media room w- rock climbing wall & netted hammock & a huge balcony! Open-concept w- wood floors, oversized kitchen island, granite, stainless appliances & double ovens. Awesome waterpark & parks.

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

Neighborhood: Savannah

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Neighborhood: Savannah

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
Savannah Elementary School Primary Regular 640 42 6
Navo Middle School Middle Regular 1,077 65 7
Billy Ryan High School High Regular 2,409 170 5

Savannah Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 42
6
GreatSchools Rating

Navo Middle School

  • Education Level: Middle
  • # of students: 1,077
  • # of teachers: 65
7
GreatSchools Rating

Billy Ryan High School

  • Education Level: High
  • # of students: 2,409
  • # of teachers: 170
5
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,347
Property Tax -$831
Property Insurance -$246
HOA -$71
Property Management Fees -$99
CASH FLOW
-$43

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.

$365,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $2,732

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5503$2,5954$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 1425 Stone Mountain Parkway Savannah, TX 2
    • 4 beds 3 baths ∙ 3,794 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,794 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.67
    •  
  • 1218 Long Leaf Drive Savannah, TX 1
    • 4 beds 3 baths ∙ 3,487 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,487 Sqft ∙ Built 2010
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.69
    •  
  • 2005 State Street Aubrey, TX 3
    • 5 beds 3 baths ∙ 3,455 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,455 Sqft ∙ Built 2017
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.75
    •  
  • 2004 State Street Aubrey, TX 4
    • 5 beds 3 baths ∙ 3,585 Sqft ∙ Built 2016 5 beds 3 baths ∙ 3,585 Sqft ∙ Built 2016
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.73
    •  
  • 2004 Historic District Aubrey, TX 5
    • 5 beds 4 baths ∙ 3,758 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,758 Sqft ∙ Built 2017
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.71
    •  
PROPERTY LISTING DETAILS
Matt Beaver
Exp Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14469363
Last Updated: 11/14/2020
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