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155 Baldwin Drive Fate, TX 75189

4 Beds 3 Baths 2,152 sqft Built 2015

$300,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $139.41
  • 2 Days on Market
  • MLS # : 14536863
  • Updated Date : 03/20/2021 at 00:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,152 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ultima Real Estate

Listing Agent's Description

You will fall in love with this home! Open the astonishing front door into a serene ambiance provided by the soaring ceilings, open floor plan and split bedroom arrangement. Beautiful laminate floors in foyer, dining room and family room. Convenient tile floors in kitchen, breakfast area, bathrooms and laundry room. Nice granite counter tops in kitchen and rich color cabinets. Gorgeous, huge master bathroom features garden tub and stand up shower. Ample master closet. Master bedroom features big windows overlooking backyard. Great, fun HOA community, very family oriented with club house, amazing swimming pools and park.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 75189

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320kPrice in $123k336k

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

Zip Code: 75189

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800190020002100Rent in $8882171

* 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
Herman E. Utley Middle School Middle Regular 672 40 8
Rockwall-heath High School High Regular 2,200 119 8
Rockwall-heath High School High Unknown NA

Herman E. Utley Middle School

  • Education Level: Middle
  • # of students: 672
  • # of teachers: 40
8
GreatSchools Rating

Rockwall-heath High School

  • Education Level: High
  • # of students: 2,200
  • # of teachers: 119
8
GreatSchools Rating

Rockwall-heath High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,042
Property Tax -$512
Property Insurance -$152
HOA -$38
Property Management Fees -$99
CASH FLOW
$327

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

$2,170

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$43,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,152

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0953$2,0954$2,0955$2,170
$2,170
RENT COMPS ANALYSIS
  • 155 Baldwin Drive Fate, TX 5
    • 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,152 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.01
    •  
  • 132 Baldwin Drive Fate, TX 1
    • 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,060 Sqft ∙ Built 2014
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 221 Churchill Drive Fate, TX 2
    • 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 2016
    property image
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.02
    •  
  • 147 Cameron Drive Fate, TX 3
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2014
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.00
    •  
  • 220 Oxford Drive Fate, TX 4
    • 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 2016 4 beds 2 baths ∙ 2,026 Sqft ∙ Built 2016
    property image
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.03
    •  
PROPERTY LISTING DETAILS
Ruth Banda Batista
Ultima Real Estate
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536863
Last Updated: 03/20/2021
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