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179 Aster Drive Sanger, TX 76266

4 Beds 2 Baths 1,858 sqft Built 2020

INVESTimate

$245,900

List Price

$1,680

$1,512 - $1,848

Rent Est.

$265,375  ( +7.92%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $132.35
  • 6 Days on Market
  • MLS # : 14418453
  • Updated Date : 08/22/2020 at 07:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

Lgi Homes

Listing Agent's Description

The Santa Fe is a beautiful single-story home at Willowwood featuring 4 bedrooms, 2 baths and a spacious open layout. This new home comes with a fully loaded kitchen complete with granite countertops, energy-efficient appliances, designer wood cabinetry and recessed lighting. Enjoy the outdoors from the fully fenced back yard or relax in the master bedroom that comes with a large walk-in closet; you can do it all with this home! Schedule your tour of the new Santa Fe plan today.

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

Neighborhood: Willow Wood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $94k243k

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

Neighborhood: Willow Wood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7201734

* 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
Butterfield Elementary School Primary Regular 501 32 7
Sanger Middle School Middle Regular 415 28 6
Sanger High School High Regular 796 52 5

Butterfield Elementary School

  • Education Level: Primary
  • # of students: 501
  • # of teachers: 32
7
GreatSchools Rating

Sanger Middle School

  • Education Level: Middle
  • # of students: 415
  • # of teachers: 28
6
GreatSchools Rating

Sanger High School

  • Education Level: High
  • # of students: 796
  • # of teachers: 52
5
GreatSchools Rating
 

$221,310$270,490$245,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$907
Property Tax -$335
Property Insurance -$135
HOA -$30
Property Management Fees -$99
CASH FLOW
$174

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$245,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 7.92%
Maintenance Year (1-5) 3.00%
Vacancy 6.39%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,164

INVESTMENT

$67,164

Down Payment
$61,475
Rehab Estimate
$2,000
Closing Costs
$3,689

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$907

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,475
Loan Amount $184,425
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$36,166

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,649

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5503$1,5954$1,6005$1,680
$1,680
RENT COMPS ANALYSIS
  • 179 Aster Drive Sanger, TX 5
    • 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,858 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.90
    •  
  • 100 Ringneck Drive Sanger, TX 1
    • 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,785 Sqft ∙ Built 2005
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.85
    •  
  • 121 Ringneck Drive Sanger, TX 2
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 2005
    property image
    LEASED 08/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 127 Ringneck Drive Sanger, TX 3
    • 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,760 Sqft ∙ Built 2006
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 1405 Pochard Drive Sanger, TX 4
    • 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,757 Sqft ∙ Built 2004
    property image
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
PROPERTY LISTING DETAILS
Mona Hill
Lgi Homes
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14418453
Last Updated: 08/22/2020
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