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1600 Bearpath Way Gunter, TX 75058

4 Beds 4 Baths 3,983 sqft Built 2014

$525,000

List Price

$2,690

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $131.81
  • 4 Days on Market
  • MLS # : 14516002
  • Updated Date : 02/26/2021 at 14:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,983 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors-frisco

Listing Agent's Description

Perched on a corner lot come and enjoy this over half acre lot with views of the golf course and greenspace, step inside and you will enjoy engineered hardwoods in all the main living areas, executive study, formal dining, gourmet kitchen, granite countertops, gas cooktop, double oven, built-in microwave, walk-in pantry, breakfast nook with butler’s pantry and wine fridge all open to the family room with gas log fireplace; master bedroom with ensuite: separate vanities and makeup vanity, garden tub, walk-in shower and walk-in closet; guest suite with a full bath, bedroom and powder bath. Upstairs you will find 1 bedroom and full bathroom, game room, media room; covered patio, 3 car split garage.

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: 75058

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $65k296k

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

Zip Code: 75058

No Data Available.

* 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
Gunter Elementary School Primary Regular 311 20 6
Gunter High School High Regular 256 25 6

Gunter Elementary School

  • Education Level: Primary
  • # of students: 311
  • # of teachers: 20
6
GreatSchools Rating

Gunter High School

  • Education Level: High
  • # of students: 256
  • # of teachers: 25
6
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,421$2,959$2,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,690
EXPENSES Loan Payment -$1,824
Property Tax -$1,246
Property Insurance -$244
HOA -$50
Property Management Fees -$99
CASH FLOW
-$773

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$525,000

PROJECTED PRICE

$2,690

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 9.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$18k-$16k-$14k-$12k-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 80% down payment or higher enables the proceeds from the asset to cover all costs.

$1,824

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

-0.17

YEARS SAVED

-$25

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,690

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $3,186

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,690
1$2,6902$3,300
$3,300
RENT COMPS ANALYSIS
  • 1600 Bearpath Way Gunter, TX 1
    • 4 beds 4 baths ∙ 3,983 Sqft ∙ Built 2014 4 beds 4 baths ∙ 3,983 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.68
    •  
  • 1026 Bent Tree Lane Gunter, TX 2
    • 5 beds 5 baths ∙ 4,122 Sqft ∙ Built 2014 5 beds 5 baths ∙ 4,122 Sqft ∙ Built 2014
    LEASED 08/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.80
    •  
PROPERTY LISTING DETAILS
Rachael Hill
Ebby Halliday, Realtors-frisco
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14516002
Last Updated: 02/26/2021
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