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1613 San Donato Lane Mclendon Chisholm, TX 75032

4 Beds 3 Baths 2,317 sqft Built 2020

$374,117

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $161.47
  • 4 Days on Market
  • MLS # : 14487803
  • Updated Date : 12/18/2020 at 08:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,317 sqft
  • Baths : 3 full
Listing Agent

Highland Homes Realty

Listing Agent's Description

MLS# 14487803 - Built by Highland Homes - April completion! ~ GREENBELT HOMESITE! Featuring 11' ceilings, open concept plan with study. Kitchen features gas cooktop, walk-in pantry and expansive granite island with pendant lights. Enjoy entertaining on the extended covered patio. Master suite features bay window, large walk-in closet, garden tub with separate shower and dual sinks, and vanity with knee space.

SEE MORE

MARKET HIGHLIGHTS

  • # 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)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)

PRICE & RENT TRENDS

Zip Code: 75032

ZipNIR Market*Market2010Year20002019140k160k180k200k220k240k260k280k300k320k340kPrice in $123k348k

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

Zip Code: 75032

ZipNIR Market*Market2010Year20002019 Q212001300140015001600170018001900200021002200Rent in $11262288

* 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
Ouida Springer Elementary School Primary Regular 660 43 6
Cain Middle School Middle Regular 941 50 7
Rockwall-heath High School High Regular 2,200 119 8

Ouida Springer Elementary School

  • Education Level: Primary
  • # of students: 660
  • # of teachers: 43
6
GreatSchools Rating

Cain Middle School

  • Education Level: Middle
  • # of students: 941
  • # of teachers: 50
7
GreatSchools Rating

Rockwall-heath High School

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

$336,705$411,529$374,117

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,380
Property Tax -$640
Property Insurance -$161
HOA -$55
Property Management Fees -$99
CASH FLOW
$94

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$374,117

PROJECTED PRICE

$2,430

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 3.00%
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$0.0$5.0k$10k$15k

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$101,141

INVESTMENT

$101,141

Down Payment
$93,529
Rehab Estimate
$2,000
Closing Costs
$5,612

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,380

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,529
Loan Amount $280,588
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$30,941

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,448

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4303$2,4504$2,995
$2,995
RENT COMPS ANALYSIS
  • 1613 San Donato Lane Mclendon Chisholm, TX 2
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $1.05
    •  
  • 1631 Veneto Drive Mclendon Chisholm, TX 1
    • 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,224 Sqft ∙ Built 2017
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
  • 1712 Bertino Way Mclendon Chisholm, TX 3
    • 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,644 Sqft ∙ Built 2017
    LEASED 09/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.93
    •  
  • 1543 Intessa Court Mclendon Chisholm, TX 4
    • 5 beds 4 baths ∙ 2,590 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,590 Sqft ∙ Built 2017
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $1.16
    •  
PROPERTY LISTING DETAILS
Ben Caballero
Highland Homes Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14487803
Last Updated: 12/18/2020
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