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1501 Franseri Drive White Settlement, TX 76108

3 Beds 2 Baths 2,062 sqft Built 2014

$255,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $123.67
  • 2 Days on Market
  • MLS # : 14463461
  • Updated Date : 11/02/2020 at 16:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,062 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

MULTIPLE OFFERS!!! BEST AND FINAL DUE BY NOON 11-3-2020. Great home built in 2014 on a corner lot. This home is practically brand new. The spacious kitchen with island allows for plenty of room to prepare meals. The kitchen offers a breakfast bar or a dining area. The 2 secondary bedrooms are split from the master. Master bathroom has a garden tub, separate shower and dual sinks with a spacious walk-in closet. Enjoy your evenings sitting on your covered patio overlooking the large backyard.

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: 76108

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k243k

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

Zip Code: 76108

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191734

* 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
Tannahill Intermediate School Primary Regular 879 49 4
Brewer Middle School Middle Regular 986 55 6
Brewer Middle School High Regular 986 55 6

Tannahill Intermediate School

  • Education Level: Primary
  • # of students: 879
  • # of teachers: 49
4
GreatSchools Rating

Brewer Middle School

  • Education Level: Middle
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating

Brewer Middle School

  • Education Level: High
  • # of students: 986
  • # of teachers: 55
6
GreatSchools Rating
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$941
Property Tax -$611
Property Insurance -$146
Property Management Fees -$99
CASH FLOW
$3

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.

$255,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.74%
Appreciation Year (1-5) 7.7%
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

PROJECTED ANNUAL CASH FLOW

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

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$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$12,371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,809

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,8004$1,8455$1,895
$1,895
RENT COMPS ANALYSIS
  • 1501 Franseri Drive White Settlement, TX 3
    • 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 9228 Alyssa Drive White Settlement, TX 1
    • 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 2004
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.86
    •  
  • 9301 Gabriella Drive White Settlement, TX 2
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2011
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 1104 Doreen Street White Settlement, TX 4
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2002
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.92
    •  
  • 9232 Arlene Drive White Settlement, TX 5
    • 3 beds 2 baths ∙ 2,180 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,180 Sqft ∙ Built 2014
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.87
    •  
PROPERTY LISTING DETAILS
Sandra Binner
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14463461
Last Updated: 11/02/2020
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