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1713 Pecan Grove Road Sherman, TX 75090

3 Beds 3 Baths 2,376 sqft Built 2002

$325,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $136.78
  • 7 Days on Market
  • MLS # : 14508967
  • Updated Date : 02/01/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,376 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Dpr

Listing Agent's Description

Beautiful custom home perfectly situated on a corner lot! Vaulted ceilings, 3 bedrooms, 2.5 bathrooms, with a bonus room upstairs. Bonus room would be great for 4th bedroom or hobby room! Gorgeous custom cabinetry & granite counter tops with updated appliances in the kitchen. A split layout allows for a peaceful retreat to the master bedroom. Master bath has garden tub, oversized shower, & dual sinks. Spacious secondary bedrooms & beautiful jack & jill bath. The back porch is perfect for relaxing and enjoying the fresh air. Recent updates include roof & garage door Aug 2020, HVAC replaced in 2019.

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: 75090

ZipNIR Market*CityMarket2010Year2000201960k70k80k90k100k110k120k130k140k150k160kPrice in $52k166k

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

Zip Code: 75090

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
Neblett Elementary School Primary Regular 462 35 4
Piner Middle School Middle Regular 1,004 65 4
Sherman High School High Regular 1,780 119 5

Neblett Elementary School

  • Education Level: Primary
  • # of students: 462
  • # of teachers: 35
4
GreatSchools Rating

Piner Middle School

  • Education Level: Middle
  • # of students: 1,004
  • # of teachers: 65
4
GreatSchools Rating

Sherman High School

  • Education Level: High
  • # of students: 1,780
  • # of teachers: 119
5
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,129
Property Tax -$745
Property Insurance -$153
Property Management Fees -$99
CASH FLOW
-$236

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.

$325,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

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

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,186

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,9753$2,4004$2,500
$2,500
RENT COMPS ANALYSIS
  • 1713 Pecan Grove Road Sherman, TX 1
    • 3 beds 3 baths ∙ 2,301 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,301 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.82
    •  
  • 3710 Sumner Court Sherman, TX 2
    • 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,182 Sqft ∙ Built 2006
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.91
    •  
  • 520 Appaloosa Lane Sherman, TX 3
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 2016
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.97
    •  
  • 4909 Ambergate Lane Sherman, TX 4
    • 4 beds 4 baths ∙ 2,582 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,582 Sqft ∙ Built 2018
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
PROPERTY LISTING DETAILS
Cory Meals
Keller Williams Realty Dpr
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14508967
Last Updated: 02/01/2021
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