Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1820 Hammerly Drive Fairview, TX 75069

4 Beds 3 Baths 2,981 sqft Built 2004

$699,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $234.49
  • 2 Days on Market
  • MLS # : 14528033
  • Updated Date : 03/06/2021 at 15:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,981 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Apex, Realtors

Listing Agent's Description

This home is a dream come true. Hard to find these days is the perfect single story that has already been updated with the style and beauty of new construction. All new designer flooring, a complete kitchen remodel with top-of-the-line appliances and a luxury master bath with an enormous closet. Located in a secluded Fairview neighborhood and set on 1.2 acres that look and feel like a park that is private and bright - all visible from every living area. Roof-covered back porch. The four garages are split. Two enter into the house and two serve as a workshop with only one garage door and a door to the yard. Great floor plan. 17X13 bedroom has direct access to the kitchen and perfect as a den or a second office

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: 75069

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k472k

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

Zip Code: 75069

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10122551

* 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
Webb Elementary School Primary Regular 400 34 3
Scott Johnson Middle School Middle Regular 876 65 6
Mckinney High School High Regular 2,486 148 7

Webb Elementary School

  • Education Level: Primary
  • # of students: 400
  • # of teachers: 34
3
GreatSchools Rating

Scott Johnson Middle School

  • Education Level: Middle
  • # of students: 876
  • # of teachers: 65
6
GreatSchools Rating

Mckinney High School

  • Education Level: High
  • # of students: 2,486
  • # of teachers: 148
7
GreatSchools Rating
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,428
Property Tax -$1,265
Property Insurance -$199
HOA -$47
Property Management Fees -$99
CASH FLOW
-$1,208

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.

$699,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

-0.08

YEARS SAVED

-$16

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $3,115

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,8303$3,100
$3,100
RENT COMPS ANALYSIS
  • 1820 Hammerly Drive Fairview, TX 2
    • 4 beds 3 baths ∙ 2,981 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,981 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $0.95
    •  
  • 473 Inverness Drive Fairview, TX 1
    • 3 beds 3 baths ∙ 2,631 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,631 Sqft ∙ Built 2005
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.06
    •  
  • 331 Kentucky Lane Fairview, TX 3
    • 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 1988 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 1988
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $1.03
    •  
PROPERTY LISTING DETAILS
Cynthia Brugge
Coldwell Banker Apex, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14528033
Last Updated: 03/06/2021
BESbswy